Do I need 20% down to buy in Southern Maryland?

Not necessarily. Many buyers use less down and still make competitive offers with the right loan structure and a strong plan.

How much house can I afford if I’m approved for more?

Affordability should be based on payment comfort, reserves, and lifestyle—not the maximum approval. We choose the payment first, then set the price range.

What costs do buyers forget to plan for?

Taxes and insurance changes, HOA/condo fees, moving costs, repairs, and the first-year maintenance buffer.

Can you help me set a price range quickly?

Yes. With a few basics (income, debts, down payment, and target comfort), we can map a safe range and next steps fast.

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First-Time Homebuyer Programs in MD, DC & VA

First-time buyer programs can help — but many are misunderstood. Let’s clarify what exists, what usually matters to qualify, and how to use programs safely.

Common program types

Down payment assistance (grants or repayable loans)
Income-based assistance programs
Special purpose programs (teachers, first responders, etc.)
Reduced MI / affordable conventional options

What typically determines eligibility

Household income limits
Purchase price limits
First-time buyer definitions (sometimes ‘not owning in 3 years’)
Occupancy and property type rules

Example scenario

Example: A buyer qualifies for assistance but chooses a structure that preserves reserves and keeps the payment safe — rather than maxing the limit because assistance is available.

Guidance

Programs should support your plan — not force you into a home or payment that isn’t safe. We’ll compare options and choose the cleanest path.

Quick explanation from Steve

Video coming soon. (No empty player box—this placeholder will be replaced once recorded.)

Next step

If you want a clear plan (not generic advice), start with the Homebuyer Planning Survey so I can tailor guidance to your goals and timeline.

Start the Homebuyer Planning Survey

If a question comes up while you’re reading, ask Steve247 using the chat in the corner of the page.

FAQ

Do first-time buyer programs slow down closing?

Some can. We plan timelines and documentation up front so your offer remains credible.

Can I use assistance and still compete in multiple offers?

Sometimes, yes — it depends on the program requirements and how the offer is positioned.

Do I have to be a ‘first-time buyer’ to use these programs?

Not always. Some programs have different definitions or are available to repeat buyers under certain conditions.

About Steve Combs

Steve Combs is a mortgage strategist focused on helping buyers and homeowners make clear, confident mortgage decisions across Southern Maryland, Washington DC, Northern Virginia, and the Annapolis / Anne Arundel area. He is registered to lend in 46 states and the District of Columbia and has been quoted in The Washington Post. The goal of this site is simple: make mortgage decisions feel clear—not overwhelming.