Maryland Home Buying Guide
Northeast Region · Judicial Foreclosure State
Key Facts at a Glance
What Makes Maryland Unique
SmartBuy eliminates student loan debt at closing — unique nationally
Transfer tax split between buyer and seller by custom
Prince George's/Montgomery counties add local transfer taxes
First-Time Buyer Programs in Maryland
MMP 1st Time Advantage
Contact your state housing finance agency for current eligibility and rates
MMP Flex 5000
Contact your state housing finance agency for current eligibility and rates
Maryland SmartBuy (student debt relief)
Contact your state housing finance agency for current eligibility and rates
Program availability, income limits, and interest rates change frequently. Verify current terms with your lender or state housing finance agency.
Closing Costs in Maryland
Attorney at Closing
Attorney Not Required
Maryland does not require an attorney at closing. A title company typically handles the transaction. Consider hiring one anyway for complex deals.
Local Tips for Maryland Buyers
SmartBuy is unique — pays off student debt and provides down payment.
Check county-level transfer taxes — can add another 1–2%.
DC metro market is highly competitive — get pre-approved first.
Estimated Annual Ownership Cost in Maryland
Based on the median home price of $410,000 with a 10% down payment and 7% mortgage rate.
Ready to Calculate Your Numbers?
Use our free calculators to estimate your monthly payment, affordability, and closing costs in Maryland.