3 Down Payment Assistance Programs in Maryland and Florida

When looking for down payment assistance in Maryland and Florida, you may be eligible to take advantage of the programs listed below. Please check out these assistance programs for first-time* home buyers with low, moderate, or middle income.

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Maryland

Howard County, Maryland, offers a settlement down payment loan program (SDLP) to help homebuyers finance their down payment and settlement costs on a house. To qualify for SDLP, you must meet income limits based on the number of people living in your household, and you must complete an application and get it approved by your lender. Other requirements and terms of SDLP include the following:

Income limits
Deferred loan
Low-interest rates
First-time* home buyers
Maximum loan amount: $40,000
Must be approved for a fixed-rate mortgage
Loan repayment is due when you sell the house, refinance, or default
Must have a minimum of $1,000 saved to apply toward the down payment costs
You must have saved enough money to cover one month of your mortgage payment

For more information on SDLP, click here.

Florida

The city of Westlake, Florida, is offering a housing assistance purchase program for low, moderate, and middle-income first-time* homebuyers. If approved for the program, you will receive assistance toward your down payment on a house and/or closing costs. For more information, click here.

Affordable and workforce housing units
Must fill out and submit an application

The Florida Hometown Heroes Housing Program provides down payment and closing cost assistance to eligible frontline community workers, including firefighters, educators, active military, veterans, healthcare professionals, and others. For more information, click here.