SmartBuy Calculator
Get up to $20,000 of student debt forgiven when you buy a home in Maryland
$100,000
$500,000
$200,000
$20,000
Estimate only. Forgiveness equals 15% of purchase price, capped at $20,000. Program terms may change.
Up To $20,000 Student Debt Forgiveness When You Buy A Home In Maryland
- ⚡ Debt paid as second, forgivable loan
- 🤩 $6,000 down payment assistance available
- 👍 Trustworthy, state-sponsored program
No obligations or credit checks. Check your eligibility with our simple calculation form and receive a direct response.
Maryland's best program for student loan forgiveness.
Sponsored by:
Does the thought of having to repay your loans make you anxious or stressed?
Do you feel like student debt is holding you back from achieving your goals?
Do you feel like you're in over your head with your student debt payments?
Do you regret finishing your degree because of the unexpectedly high cost?
Know the feeling?
⭐ If you were making mortgage payments each month, you'd also be building equity in your home
⭐ If you didn't have student debt, it would no longer be part of your debt-to-income ratio
⭐ You wish you could finally make your homeownership dreams a reality but debt's in the way
⭐ You want to start fresh without the burden of monthly student loan debt payments
Introducing Maryland SmartBuy...
What you can accomplish with our help:
✅ Fully pay off your outstanding student loan balance with up to $40,000 forgiven
✅ Qualify for a mortgage without student loans affecting you debt-to-income ratio
✅ Receive up to $6,000 in down-payment assistance as a second loan if desired
✅ Start building equity in an appreciating asset for long-term, tax-friendly wealth
Frequently Asked Questions
Anyone can use the program. The property purchased must be located in Maryland.
The first-time home buyer requirement can be waived if:
- Purchased property is located in a targeted area (contact us for more information)
- The borrower has not owned a principal residence for more than three years
- A veteran who has been honorably discharged and hasn’t used the previous first-time homebuyer exemption
To utilize the SmartBuy program, borrowers must have a minimum middle credit score of 720.
Yes. There are three options, all considered second mortgages, deferred entirely until the property’s sale:
- $6,000
- 4% of the loan amount
- 6% of the loan amount; exclusively for borrowers earning 50% or less of Area Median Income (AMI)
The SmartBuy 3.0 program is a state-funded program designed to help make homeownership more attainable for Marylanders. The loan forgiveness occurs over five (5) years, paid at a rate of one-fifth (1/5) per year; if you sell the property before the five-year term passes, the remainder of the loan will be due on sale.
“Harrison went above and beyond to make my move to Maryland from Michigan as easy as possible. From helping me arrange utilities to even giving me a great recommendation on where to have a celebratory dinner after closing. Would highly recommend.”
– Jason Gates
“My husband and I are both homeowners and wanted to purchase a bigger home for our family. Harrison was recommended to us through our mortgage lender and we were incredibly satisfied through the entire process. Harrison helped us secure the winning bid on the purchase of a home, in a matter of days, and then helped us sell our current home, in about a week [...] We would certainly work with him again and highly recommend him as a real estate agent.”
– Christine Goo
“Great Realtor! Went above and beyond with everything he did and was our biggest advocate through out the whole process. Super knowledgeable in his field. Every problem we ran into Harrison had a solution for us and if he didn't know it, would find one. He has great response times and was always able to be reached. Would highly recommend him to anyone looking to buy or sell a home.”
– Dimitri Giacinto
Have Questions?
Click Here To Email Our Specialist Directly