Maryland General Assembly

This Maryland program could revolutionize homeownership for student loan borrowers

This Maryland program could revolutionize homeownership for student loan borrowers

Maryland is making a play for a generation of would-be homebuyers with one thing in common: student debt.

This week, the state rolled out Maryland SmartBuy, a $10 million program that lets people with education loans purchase a home and wipe out college debt at the same time.

"Traditionally, people in their 20s and 30s would account for a substantial share of Maryland's first-time homebuyers, but we've seen a little difference in that demographic over the years, and it's believed that student loan debt is a part of the challenge," Lt. Gov. Boyd Rutherford said at an event to kick off the program.

SmartBuy uses an innovative model to clear a path to...

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