Initial Steps to Obtain a Loan
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Maryland Home Financing Program
- Contact a housing counseling agency. Refer to the list of counseling agencies for one in your area. A counseling certificate must be received
prior to the execution of a contract of sale.
- Contact the appropriate person (refer to the contact list) to request a prequalification letter. If you are eligible for an Homeownership for Individuals with Disabilities Program loan, the prequalification letter will provide you with the maximum purchase price you can afford.
- Enter into a contract of sale on an eligible property (newly constructed homes must
be in a Priority Funding Area) preferably with the assistance of a realtor and using the prequalification letter as a reference.
- Set up a meeting to complete an application with the appropriate organization (refer
to the contact list ).
- The loan packager will do a preliminary review of the borrower's eligibility and
reserve funds for the loan.
For More Information, Contact:
Single Family Housing
Community Development Administration
Maryland Department of Housing and Community Development
7800 Harkins Road, Lanham, MD 20706
singlefamilyhousing.dhcd@maryland.gov
301-429-7852
Toll Free (Maryland Only): 800-638-7781