Howard County Settlement Down Payment Loan Program

by Charlie Maykrantz 29. January 2015
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]

Baltimore County Settlement Expense Loan Program (SELP)

by Charlie Maykrantz 22. January 2015
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]

Debt-to-Income Ratio: Who cares? You Should and Here’s Why

by Andrew Schreiber 21. January 2015
What is your debt-to-income ratio? Don't know? Don’t care? Do you plan on buying a car and getting a loan to do so? Do you plan on buying a house? If the answer is yes, you should definitely care what your debt-to-income ratio is. Why is your debt-to-income ratio an important factor when looking to borrow money? Before a lender approves you for a loan, they calculate your debt-to-income ratio. This gives the lender an idea of your ability to pay your monthly debts and take on a new loan. L... [More]


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