Greenbelt First-Time Homebuyer Mortgage Assistance Program

Department lead
Administration
approved allocation
$
TIMELINE
Long
STATUS
Completed
In Progress
Project Description
With many renters and students living in Greenbelt, the funds from this project help assist first time homebuyers with downpayment assistance.
Project Updates
The Greenbelt First-Time Homebuyer Advantage Program was launched in January 2023. Funding for this grant program is provided under the American Rescue Plan Act through the U.S. Department of Treasury. Under the U.S. Treasury guidelines, nonprofits eligible for assistance are those that experienced negative economic impacts or disproportionate impacts of the pandemic.
More Information

Application deadline has been extended to December 29, 2023, at 4 pm.

Applications reviewed upon submission; subject to funding availability.

Application Information

To assist City of Greenbelt renters with down payment and/or closing cost assistance associated with purchasing a home in the City of Greenbelt using the Maryland Mortgage Program (MMP). The Maryland Department of Housing and Community Development (“the Department”) offers a first mortgage loan that is accompanied by a $15,000 grant to pay down payment or closing costs.

Greenbelt Home Advantage includes an outright grant of Fifteen Thousand Dollars ($15,000). The grant funds can be used for closing costs and/or down payment for FHA, VA, USDA, FNMA or Freddie Mac loans: https://mmp.maryland.gov/Lenders/Pages/Fact-Sheets.aspx.

To apply for the mortgage program, visit https://mmp.maryland.gov/Pages/GreenbeltHomeAdvantage/default.aspx.

Application deadline is December 29, 2023, at 4 pm.

Applications reviewed upon submission; subject to funding availability.

For more information or assistance, please contact Assistant City Manager Tim George via email at tgeorge@greenbeltmd.gov or call (240) 542-2025.

Last Updated:
February 8, 2024

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300000
Household Needs
6588200
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