The program provides a 0% interest, forgivable loan to pay off your student debt.
You must complete an approved homebuyer education class . maryland smart buy program
The home must be "move-in ready" and serve as your primary residence. Current Versions The program provides a 0% interest, forgivable loan
If you live in the home as your primary residence for five years , the student debt is completely wiped out at no cost to you. Current Versions If you live in the home
Typically requires a minimum credit score of 640 to 720 , depending on the specific loan product.
The program is a unique initiative designed to help homebuyers eliminate student debt while purchasing a home. Unlike typical assistance programs that only focus on down payments, SmartBuy directly pays off your outstanding student loans as part of the home-buying process. How the Program Works