Would you like to buy a home in Howard County, but need funds for down-payment and closing costs? 1st Mariner Bank participates in a program that is offered by Howard County Housing, the Settlement Down Payment Loan Program (SDLP). All loans are deferred and are due upon sale of home, refinance, or default. There are four different loan types that are made available to eligible applicants. They are:
1) The Home Starter Loan
2) The Home Steader Loan
3) The Dream Maker Loan
4) The Revitalization L... [More]
If you are looking to purchase a home in the Baltimore County area, but need help with down payment and closing costs, then 1st Mariner Bank has just the answer: the “Baltimore County Settlement Expense Loan Program” (SELP) as offered through the Department of Planning and Housing Opportunities of Baltimore County. This program is an effort to encourage first time homebuyers to consider home ownership in existing residential communities in Baltimore County. Located within the Communi... [More]
Are you looking to purchase a home in Anne Arundel County, but short on funds for a down payment or closing costs? 1st Mariner Bank offers a program called, “The Mortgage Assistance Program” (MAP) that can provide up to $20,000 in assistance for the purchase of an owner occupied home anywhere in Anne Arundel County, including the city of Annapolis.
The maximum sales price allowed for an existing home is $242,000 while a new construction sales price limit is $295,000. These funds are ... [More]