Down Payment Assistance

LOAN OPTIONS

Down Payment Assistance

LOAN OPTIONS

Down Payment Assistance

Achieve Homeownership

Many people struggle to save funds for a home down payment, but today there are several affordable options available to help buyers achieve homeownership with little to no down payment called Down Payment Assistance Programs (DPAs.)

Maryland Mortgage Program

  • A few different types of home loan products
  • Can only be obtained with an MMP first mortgage
  • Funds available for down payment and closing costs may be provided in the form of a grant or as a deferred, no-interest loan
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United Bank Grants

  • Helping make homeownership more affordable
  • Down payment and closing cost assistance
  • Up to $10,000 for down payment & closing costs*
    (in select market areas)

*Grant Programs are only available in select market areas. Not all applicants are eligible.

Learn More

Maryland Mortgage Program

  • A few different types of home loan products
  • Can only be obtained with an MMP first mortgage
  • Funds available for down payment and closing costs may be provided in the form of a grant or as a deferred, no-interest loan
Learn More

GMM Grants

  • Helping make homeownership more affordable
  • Down payment and closing cost assistance
  • Up to $10,000 for down payment & closing costs*
    (in select market areas)

*Grant Programs are only available in select market areas. Not all applicants are eligible.

Learn More

DC Opens Doors 

The DC Housing Finance Agency’s DC Opens Doors1 makes homeownership in Washington, DC affordable by offering qualified buyers home purchase loans and down payment assistance. This program has income and credit guidelines established by the DC Housing Finance Agency. It is not restricted to first-time homebuyers. DC Opens Doors provides financing for both single-family homes and condos.

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Home Purchase Assistance Program (HPAP) 

The DC Department of Housing and Community Development’s Home Purchase Assistance Program2 program provides interest-free loans and closing cost assistance to qualified applicants to purchase single-family houses, condominiums, or cooperative units. The loan amount is based on a combination of factors, including income, household size, and the amount of assets that each applicant must commit toward a property’s purchase. The loan is subordinate to a private first-trust mortgage.

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Virginia Housing (Formerly VHDA) Down Payment Assistance Grant

  • VA Housing provides both down payment assistance and grants for Virginia home buyers.
  • Primarily, their programs are for first time home buyers, although there are exceptions.

United Bank is not endorsed by, sponsored by, or affiliated with any government agency or program.

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United Bank is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age (provided you have the capacity to enter into a binding contract), because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. The federal agency that administers our compliance with these federal laws is the Federal Reserve, Federal Reserve Consumer Help, PO Box 1200, Minneapolis, MN 55480.
This is not a commitment to lend. Mortgage products and services are offered through United Bank. All loan applications are subject to credit and property approval and must meet loan program requirements to qualify. Annual Percentage Rate (APR), programs, rates, fees, closing costs, terms and conditions are subject to change without notice and may vary depending upon credit history and transaction specifics. Other closing costs may be necessary. Flood and/or property hazard insurance may be required.  Speak with a Mortgage Loan Officer for more specific information.
United Bank and its representatives do not provide tax or legal advice. You should consult your individual tax or legal professional before taking any action that may have tax or legal consequences.