Mortgage assistance programs in Maryland
Get help with a mortgage and assistance with stopping a foreclosure in Maryland from a combination of government programs and non-profits. There is help all cities including Baltimore and Columbia. Struggling homeowners can get help from government grants, mediation, mortgage refinancing and so much more. Find details on how to get help near you with paying a mortgage in MD.
There are a number of different programs available to struggling homeowners. The goal of all of them is to help struggling families (or individuals) keep their home and prevent a foreclosure. Note the mortgage assistance programs will often help homeowners with their property taxes and even assist low-income borrowers with getting a mortgage based on their credit ratings.
List of Maryland mortgage relief programs offered across the state
Non-profit HUD counseling agencies operate in Maryland. These organizations are all government certified and often give free support to low-income families, senior citizens and veterans. A HUD counselor will explore all options available, ranging from home loan refinancing to forbearance, principal reduction, federal mortgage relief programs and more. Find a State of Maryland HUD agency or a mortgage counselor.
Maryland Mediation Program is mandated. The state requires that homeowners need to be offered a mandatory foreclosure mediation session if they so choose. The homeowner will be able to meet with their lender and a professional mediator, and the foreclosure process will be stopped while these sessions occur.
- This is an assistance program that provides Maryland homeowners with free counseling as part of the lender-borrower mediation process, which can sometimes lead to short-term mortgage relief. It was created by the state, lenders, and non-profit agencies in an effort to help maintain homeownership by stopping foreclosures that could result from borrowers that may be experiencing a financial difficulty or crisis. Learn more on the Maryland mediation program.
Maryland Department of Housing and Community Development is a statewide organization with local offices in Baltimore, Columbia / Howard County and other areas. The offices offer resource like free credit counseling combined with foreclosure prevention. There is information on grant money from the Maryland Homeowner Assistance Fund (when it is operating) as well as other solutions. The state office is here with links to more local mortgage assistance programs. https://dhcd.maryland.gov/Residents/Pages/default.aspx.
The free Maryland HOPE Hotline is the option to use if you are already delinquent or are about to fall behind on a future mortgage payment or even property taxes. Residents can get free consultations on all of the assistance that is available in the state, including legal aid. The HOPE hotline also gives information on fraud prevention, help with refinancing a mortgage and more.
- Anyone can call the toll free number. There are no requirements that need to be met in order to be eligible for the HOPE Hotline. In some cases, the mortgage being refinanced can be delinquent or it can be a future challenge the caller things they may be faced with. The family can be working or not, or they may be a low income or a high wage earner. In addition, the homeowner does not need to have minimum credit score to get help. Call the HOPE hotline at 877-462-7555
Receive free legal advice to prevent a foreclosure. Hundreds of lawyers across the state are part of the Maryland Foreclosure Prevention Pro Bono Project and the local Pro-bono Centers. The attorneys are ready to assist homeowners and provide them with free legal advice as well as general counseling. There is help for borrowers with a foreclosure notice as well as Maryland families that expect to soon have a notice from their bank. Read more on the pro-bono foreclosure prevention legal aid program in Maryland and how it may be able to assist you.
Grant money from community action agencies in Maryland are an option. These local offices get federal funding as part of ESG or CSBG, and the community action groups provide these funds to qualified low-income families. The grants can help pay a mortgage, homeowner energy costs, HOA fees and more. Find MD community action grant programs near you.
Maryland Mortgage Program (MMP) helps first time buyers as well as people that need a lower interest rate on their current home loan. The government runs this service, and it helps everyone from first time buyers with no credit to low-income families, minorities and others get a home loan (or help with an existing mortgage). Flex Loans, Closing cost help, refis, and much more is offered. Learn more on MMP https://mmp.maryland.gov/Pages/default.aspx.
Other options in Maryland that help people facing a foreclosure
The state does offer other solutions from time to time. These will be government funded programs, and when economic conditions warrant these mortgage relief programs may be options. However they are not always offered at all times.
Zero percent loans to pay a mortgage are often backed by the state. Homeowners throughout Maryland may be able to receive loans or cash to pay their mortgage. There are local organizations, ranging from community action agencies that Crisis Intervention Funds to many charities that offer support. Each agency has their own terms and conditions in place and disburses funds based on government oversight.
- In some cases, mortgage help is only available if the person works. In other instances, some Maryland homeowners may get assistance even if they have lost their job or had a reduction in their income. In general, the money will need to be repaid, but the terms and conditions will be vary on this particular program, depending on the agency that runs it. Find more details on emergency mortgage help in Maryland as well as the federal government funded loan program as well as other resources.
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