First Time Homebuyers Incentives Program

Estimate Your Incentives

Use this tool to get a rough idea of the incentives you might receive. The Office of Homeownership will determine your final income amount. Your actual incentives may be different from what you see here.

Mortgage Information

Applicant Name *

Household Annual Income *

Loan Amount *

Monthly Mortgage Payment *

Down Payment *

Incentives

50% of Down Payment

Gap Funding

A. Monthly Mortgage Payment * 12=

B. 30% of Household Annual Income =

Gap Funding = A - B

Loan Amount
(up to 2.5% interest rate buydown)

Total Estimated Incentives

Buyers are not eligible for the 2.5% interest rate buydown if they are receiving funds from the Maryland Mortgage Program.
This amount should be subtracted from the estimated incentive amount.