Did you know the MD Smartbuy program when applied to first-time buyers will pay off up to $30,000 of student loans? YES, it is true!
The Smartbuy 2.0 program offers up to two subordinate liens. The first is up to $30,000 (or 15% of the purchase price) to be used to pay off student loans at closing and is forgiven after five years. The other is the standard DSELP $5,000 that is not forgiven. The MMP site says that it can go up to 120% CLTV.
For more details, call me today.