Maryland SmartBuy Program

​​ MARYLAND SMARTBUY ​​​​​​​​​​​​​​​​​​​​​​​​

Maryland SmartBuy helps homebuyers with qualifying student debt purchase a home. The program works by paying off student debt during the purchase of the home through special Maryland Mortgage Program (MMP) financing. Maryland SmartBuy involves the purchase of move-in-ready homes currently owned by, and available from, the state of Maryland.

Beginning August 6, Maryland SmartBuy 2.0 will provide an opportunity for homebuyers to purchase any home in Maryland that meets Maryland Mortgage Program guidelines while paying off student debt. This limited time program provides all of the student debt relief offered by the original Maryland SmartBuy while making more homes eligible for purchase.

Program Eligibility

To qualify for either Maryland SmartBuy program, homebuyers must have an existing student debt with a minimum balance of $1,000. Maryland SmartBuy financing provides up to 15% of the home purchase price for the borrower to pay off their outstanding student debt. Maryland SmartBuy 2.0 offers the same student debt relief of 15% of the home purchase price with a maximum payoff of $30,000.

The full student debt must be paid off at the time of the home purchase, and homebuyers must meet all eligibility requirements for the Maryland Mortgage program.

Approved SmartBuy Mortgage Lenders

Financing for either Maryland SmartBuy program is available only through approved Maryland SmartBuy lenders. These lenders can help you confirm your eligibility and ensure you meet all applicable requirements.

Available Maryland SmartBuy Properties

A full list of all state-owned properties​ available through the Marlyand SmartBuy Program from Cummings & Co. Realtors and Maryland REO Realtors is available here. Please check with a Realtor for homes available under the Maryland SmartBuy 2.0 program in your preferred area and price range.

More Maryland SmartBuy Program details​

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