State Reveals New Home Loan Products To Help Marylanders Buy New Homes

The Maryland Department of Housing and Community Development’s Maryland Mortgage Program is launching a variety of new home loan products to provide more flexible options for down payments and closing cost assistance, according to housing officials. The new financial assistance will help additional Marylanders buy their dream homes. “In this challenging housing climate, when interest rates are increasing and affordable housing inventory is low, the state of Maryland is always looking for innovative offerings to make homeownership affordable,” Department of Housing and Community Development Secretary Kenneth Holt said.