Have you been thinking about your first home purchase?  Home ownership is more than just the American Dream; it’s a right of passage.

Understandably, many people considering their first home purchase have a plethora of questions.  Buying your first home is a huge step and one that is not taken lightly.  But did you know there are a variety of programs available to help you achieve home ownership?  These numerous programs make now a great time to buy!




1st Time Advantage

The MMP offers eligible first-time home buyers a special “1st Time Advantage” loan.  This type of loan is designed to offer the lowest 30-year interest rates available through the program.  Additionally, the program offers access to the “1st Time Advantage 5000” which provides a $5,000 loan for the down payment and closing costs.  This loan is a second lien which has zero interest and no payments throughout the life of the loan.  The loan is payable once the first mortgage is paid in full.

The program also offers access to the “1st Time Advantage 3% Loan” which is a down payment assistance loan equal to 3% of the first mortgage and is a zero percent interest deferred second lien.

Maryland SmartBuy

Imagine, purchasing a home and eliminating your outstanding student debt in one fell swoop!  It is possible with the Maryland SmartBuy program.  If you have outstanding student debt ($1000 or greater), this unique financing program might be a good fit for you.  Qualified buyers can receive up to 15% of a home’s purchase price to pay off student debt.  Further, the Maryland SmartBuy 2.0 program offers the same debt relief with a maximum student loan payoff of $40,000.

The Maryland SmartBuy program is available and requires the purchase of a ready to move in home that is currently owned by and available from the state of Maryland.  This program requires that the full student debt must be paid off at the time of the home purchase and that the buyers must meet the eligibility requirements.

Maryland Home Credit

This program provides eligible homebuyers with a federal tax credit valued at 25% of the mortgage interest payments (up to $2,000) that may be claimed annually for the life of the loan* This credit can save homeowners tens of thousands of dollars over the life of the loan.  (Note:  some fees apply).

These are just a few of the many programs available for first-time home buyers.  If you have questions about these or other financing opportunities contact Drew Gilmartin.

Income restrictions, minimum credit scores, CDA program requirements and qualifications apply.

*Please consult tax advisor

First Home Mortgage Seminar

Please join us on June 4th, 6 – 7:30 pm,  at the First Home Mortgage office located at 122 S. Main Street, in Bel Air, Maryland, to learn more about these and other financing options for first-time home buyers. Call Kristin at 443-417-2391 to reserve your space.





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122 S Main St., Bel Air, MD 21014

This is not a commitment to lend. Terms and conditions of programs, products and services are subject to change. All loans are subject to credit approval and property appraisal. Certain restrictions may apply on all programs. First Home Mortgage Corporation of America, First Home Mortgage Services, and First Home Mortgage Company of Maryland are d/b/a's of First Home Mortgage Corporation. First Home Mortgage Corporation is licensed in Connecticut, Delaware, District of Columbia, Florida, Georgia Residential Mortgage Licensee (Lic. #23135), Indiana, Kentucky, Maine, Maryland, Massachusetts Mortgage Lender and Broker (Lic. #MC71603), Michigan, New Hampshire, Licensed by the New Jersey Department of Banking and Insurance, North Carolina, Pennsylvania, Rhode Island Licensed Lender and Broker, South Carolina, Tennessee, Vermont, Virginia, West Virginia. Equal Housing Lender. First Home Mortgage Corporation NMLS ID #71603 (www.nmlsconsumeraccess.org). Privacy Policy.