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Want To Pay Off Your Student Debt Faster? These States Will Help If You Buy a Home

Want To Pay Off Your Student Debt Faster? These States Will Help If You Buy a Home GOBankingRates 2 hrs ago © LightFieldStudios / iStock.com sold house with blurred family on background. Popular Searches New “SmartBuy” Programs Target New Homebuyers in Illinois and Maryland The “SmartBuy” programs are geared towards attracting educated workers with student debt who want to buy homes, but are afraid their existing bills may hold them back. The programs work differently based on which state you decide to settle down in.  In Illinois, the program is run by the Illinois Housing Development Authority, and helps those with student debt in two ways. First, the program offers qualified buyers $5,000 in assistance, which can be used towards the down payment or closing costs. Once buyers have found a house and go through the process, the program will make a student loan payment on the owner’s behalf equivalent to 15% of the home purchase price, up to $40,000. 

Community Action Agency celebrates 55 years of helping Maryland residents

Stacy M. Brown | 4/16/2021, 6 a.m. Dr. Charlestine Fairley, CEO of the Anne Arundel County Community Action Agency. Celebrating 55 years, the Anne Arundel County Community Action Agency has long become known for etching out a pathway to success for the disadvantaged Courtesy Photo/AACCAA It wasn’t long ago that a woman with little means moved from New Jersey to Anne Arundel County. Reportedly, she had one bag of possessions, the clothes on her back, and no plan. Through help from the Arundel House of Hope and a chance meeting with an employee at the Community Action Agency who directed her to the agency’s housing department, the once down-on- her-luck woman had a job and funds to cover her rent and settle into a new home.

Maryland Mortgage Program Recognizes Top Lender and Realtor Partners

Maryland Mortgage Program Recognizes Top Lender and Realtor Partners
maryland.gov - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from maryland.gov Daily Mail and Mail on Sunday newspapers.

2021 s Top First-Time Homebuyer Programs in Maryland

2021 s Top First-Time Homebuyer Programs in Maryland © (Getty Images) Dad is making a record of all the family s earnings and spending. You ve saved up for a home for years, but even with low mortgage rates, you worry about affording both the down payment and the monthly costs that come with homeownership. If you live in Maryland – where the homeownership rate is 67%, according to the U.S. Census Bureau – know that owning a home in the state isn t cheap. The median home value of owner-occupied homes was $332,500 in 2019, according to the U.S. Census Bureau s 2019 American Community Survey, compared to the national median of $240,500.

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