The SmartBuy Student Loan Mortgage Program

The Maryland SmartBuy program is designed to eliminate the hurdle of student loan debt for first time home buyers while offering move-in ready homes. SmartBuy's student loan incentive financing:

  • Eliminates your student loan debt by giving you up to 15% of your home's purchase price;
  • Provides you with one convenient payment per month;
  • Enables you to access attractive financing & closing cost assistance;
  • Ensures a safe, streamlined, and straightforward home buying & financing experience.

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There have already been successful home sales using the financing - with the first home sale being announced right after Thanksgiving, 2016.  To qualify for Maryland SmartBuy assistance, you must have an existing student debt in repayment or deferred status:

  • The student debt must have a minimum balance of $1,000
  • The maximum debt can be 15% of the purchase price of the home you buy
    (i.e. $200,000 = maximum debt of $30,000)
  • Borrowers must meet all eligibility requirements for the Maryland Mortgage (MMP) program.

The Maryland SmartBuy program will give you up to 15% of the home's purchase price for you to use to pay off your outstanding student loan debt. The full debt must be paid off using the SmartBuy financing (and a combination of your own funds if you owe more) paid off when you settle on the home.

Get Free Help With SmartBuy

Looking to make a SmartBuy while getting rid of your student loan? Our real estate agents offer full service assistance with SmartBuy, the Maryland Mortgage Program and a variety of other state, city and private mortgage programs. We're licensed in Maryland, DC and Virginia. Check us out at

Other First Time Home Buyer Programs

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Upcoming HomeBuyer Workshops

Free Home Buyer Workshops are held Tuesdays at 5:30pm & Saturdays at 10am.