When buying a home, it’s important for you to investigate all of your financing options.
Meridian offers a wide variety of loan options, including special government and state programs, that can make home ownership more affordable.
Meridian offers a wide variety of loan options, including special government and state programs, that can make home ownership more affordable.
Select your state to see the programs offered
MMP
The Maryland Mortgage Program is available statewide and aims to make homeownership affordable by offering mortgage financing, down payment assistance, and more. MMP programs and initiatives include:
SELP
The Settlement Expense Loan Program assists first-time homebuyers with low and moderate-income. Available in participating counties in Maryland. $10,000+ available on a first come, first served basis. Each county provides specific eligibility requirements.
Baltimore City Grants
Pathway to Purchase
Pathway to Purchase is available to the entire Prince George’s county in Maryland for first-time homebuyers. It is a deferred loan up to $10,000 on a first come, first served basis.
Employer Match Programs
Employer Match Programs such as Live Near Your Work, House Keys 4 Employees, and Smart-Keys. Participating employers in Maryland offer funds to first-time homebuyers. Employer can establish eligible neighborhoods and amounts. These funds are sometimes matched by local jurisdictions. Check with your employer’s human resources department.
NJHMFA Smart Start
The Smart Start program is available to participants in the New Jersey Housing and Mortgage Finance Agency’s (NJHMFA) First-Time Homebuyer and Homeward Bound programs. For people purchasing homes in Smart Growth Areas, the program helps families by offering a second mortgage for down payment and/or closing costs up to 4% of the first mortgage.
DSHA
Delaware State Housing Authority (DSHA) offers first mortgage financing at below-market interest rates to qualified Delaware homebuyers. Welcome Home loans provide financing to first time homebuyers while the Home Again program is available for repeat homebuyers. Borrowers may be eligible for up to $8,000 in down payment and closing cost assistance.
PHFA
Pennsylvania offers several mortgage programs assisting the buying and refinancing of a home. The eligibility requirements are different, but programs are available to those with low-income, buying for the first-time or needing down payment or closing cost assistance. Borrowers may be eligible for up to $6,000 in down payment assistance and no closing costs.
FHLB
The Federal Home Loan Bank is a federal grant with amounts available up to $10,000 on a first come, first served basis. Available in all states for first-time homebuyers.
FHA
Federal Housing Administration loans offer low down payments, reduced closing costs, and easy credit qualifying. FHA loans can assist qualified first-time homebuyers, borrowers looking to rehab a home or improve energy efficiency and more.
USDA
USDA (Rural Development) partners with local lenders to help them extend 100% financing opportunities to individuals and families.
FNMA HomeReady
Creditworthy, low-to-moderate income borrowers may be eligible for this mortgage program. It offers:
VA
Qualifying veterans can purchase or refinance a home with no or limited closing costs and flexible credit criteria. Veterans Affairs (VA) loans offer:
In addition to these programs, we have:
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