What does HMFA mean in HOUSING & AMENITIES

The Maryland Housing and Mortgage Finance Agency (HMFA) is a state agency dedicated to increasing access to quality, affordable housing opportunities for all Marylanders. We work to create, preserve and support an adequate supply of safe and decent housing that is accessible to those who are least able to afford it.

The HMFA provides a range of services from both homeownership and rental assistance programs. These include downpayment assistance, home improvement grants, rental subsidies, utility depository programs, mortgage credit certificates, foreclosure prevention counseling, property tax credits for qualified homeowners and more.

Yes! The HMFA has several loan options that can help make saving for a down payment or closing costs easier for first-time home buyers. Examples include loans with no or low interest rates or deferred payments until after you sell your home. Additionally, we provide a variety of resources to help you through the process such as free homebuyer counseling classes, information on various loan products, and foreclosure prevention assistance.

Whether you're interested in finding out more about our loan products, need rental assistance or just want more information on any of the other services we offer; simply visit our website at hmfa.org to get started! You can also call our toll free number 1-800-638-7781 or visit one of our local offices near you.

Yes! Through our Senior Access Initiative program seniors 62 years or older may be eligible for loans with special terms such as deferred payments until after they sell their homes or pass away. Eligibility requirements vary depending on income so please visit our website at hmfa.org or call us at 1-800-638-7781 for complete eligibility criteria.

Yes - Loan funds must be used only toward financing expenses related to purchasing or refinancing single family residential properties located in Maryland including costs associated with title insurance and/or inspections costs if applicable.

Each application is reviewed individually but generally most applicants should receive notice within 30 days of submitting their application information along with all required documents. If you have not heard back within 30 days please contact us directly at 1-800-638-7781 so we can review your status.

Yes - Through certain programs such as our Home Improvement Loan Program prospective homeowners may request additional funds towards eligible repairs up to $20k in addition to their original loan amount as long as all requirements are met.

Yes - All applicants are required to submit their Social Security Number for verification purposes when applying for a loan with the HMFA.

Applying for an HMFA loan will result in a ‘hard inquiry' which can temporarily lower your credit score by a few points however its usually only minor and typically rebounds quickly once the inquiry posts on your report