Finance Center
How much home can you afford? Use our Finance Center to learn about your loan options. There are several loan programs available, and depending on your credit history, there is likely one that’s right for you. Below are some of today’s most popular financing options.
Fixed-Rate Loans
Fixed-rate mortgages are the most popular home loan option available today. They offer a fixed interest rate for the life of the loan—typically 15 to 30 years—giving borrowers predictable monthly payments. These loans are ideal for buyers planning to stay in their home long-term and who value payment stability.
Adjustable Rate Loans (ARM)
Adjustable Rate Mortgages feature an interest rate that changes periodically based on market conditions. They often begin with a lower initial rate than fixed-rate loans, making them attractive for buyers planning to move within a few years or expecting their income to increase.
FHA & VA Loans
FHA loans are designed to help low-to-moderate income homebuyers with lower down payment requirements and more flexible credit qualifications. VA loans are available to eligible veterans and active-duty military personnel, often requiring no down payment and no private mortgage insurance (PMI).
Local Homebuying Programs
Many state and local programs offer down payment assistance, grants, and other homeownership benefits. Contact us to learn about recommended lenders and financing options available in your area.
Maryland Mortgage Program (MMP)
The Maryland Mortgage Program helps qualified buyers with down payment and closing cost assistance for a primary residence. Eligible borrowers may receive up to $8,500 through DHCD, with additional assistance potentially available through partner organizations. Most assistance comes as deferred, zero-interest loans that are repaid only after the primary mortgage is paid off or the home is sold.
Need Help Choosing the Right Loan?
Every buyer’s financial situation is different. If you’d like help comparing loan programs or finding a trusted lender, we’re here to guide you through your financing options and answer your questions.