Purchasing a home is a significant achievement for many individuals, but the process can be daunting, especially for first-time homebuyers. Financial barriers such as high down payments and closing costs can make it challenging to own a home. However, the Maryland Homeowner Assistance Fund (HAF) provides a glimmer of hope for first-time homebuyers who are struggling financially. This essay will discuss the Maryland HAF and how it can help first-time homebuyers purchase their first homes.

Who Qualifies for the Maryland Homeowner Assistance Fund?

The Maryland Homeowner Assistance Fund is designed to assist homebuyers who meet specific criteria. To qualify for the fund, a homebuyer must be a first-time homebuyer, meaning that they have not owned a home in the last three years. Additionally, the individual must have a credit score of at least 640 and earn less than 80% of the median income in their area.

How Can People Apply for the Maryland HAF?

The Maryland Department of Housing and Community Development (DHCD) is responsible for administering the Homeowner Assistance Fund in Maryland. Interested applicants can apply for the fund through DHCD or through a participating lender. Applicants must complete a pre-purchase homebuyer education course before applying for the fund. This course is essential in helping homebuyers understand the home-buying process and make informed decisions.

Can People Apply for the Maryland Homeowner Assistance Fund While Going Through Bankruptcy?

One of the unique features of the Maryland Homeowner Assistance Fund is that individuals going through bankruptcy can apply for the fund. However, they must have a discharge letter from their bankruptcy case and meet all other eligibility requirements.

What Documents are Required to Apply for the Maryland HAF?

When applying for the Maryland Homeowner Assistance Fund, applicants must provide specific documents, including proof of income, employment history, credit score, and a list of assets and liabilities. They must also provide documents related to the home-buying process, such as a sales contract and proof of homeownership education.


The Maryland Homeowner Assistance Fund is an excellent opportunity for first-time homebuyers to overcome the financial hurdles of homeownership. The fund provides financial assistance in the form of down payment and closing cost assistance, making it easier for individuals to purchase their first homes. If you are a first-time homebuyer in Maryland, consider exploring the Maryland HAF to help you achieve your dream of homeownership.