Summer Sale! Get unlimited digital access for 13 weeks for $13.
Business
Business

Md. launches mortgage-discount program for military

Maryland is offering a new mortgage program that gives discounts to military families and veterans.

The "Maryland Homefront" loans, announced Tuesday, are part of the state's Maryland Mortgage Program. The loans — available through June of next year or until the $50 million reserved for them is used up — will come with an interest rate that's half a percent lower than the Maryland Mortgage Program's overall rate. That's a savings of about $840 a year on a $250,000 home, the state said.

Borrowers will also be eligible for $10,000 in down payment and closing-cost assistance, the state said. Information: http://www.mmprogram.org.

jhopkins@baltsun.com

twitter.com/RealEstateWonk

Copyright © 2015, The Baltimore Sun
Related Content
  • Baltimore People on the Move archive

    Baltimore People on the Move archive

    Readers submit photos and information on employees who have recently been promoted, hired or honored at area businesses. Select photos will be published in the Maryland Business section of Tuesday editions of The Baltimore Sun. Caption size is limited and only photos are accepted in this feature....

  • Health Professionals on the Move archive

    Health Professionals on the Move archive

    Readers submit photos and information on medical professionals who have recently been promoted, hired or honored. Select photos will be published in the Health and Medicine section of Sunday's edition of The Baltimore Sun. Caption size is limited and only photos are accepted in this feature. Submit...

Comments
Loading
90°