Affordable Home Loan Options
While exciting, buying a new home can seem overwhelming.
The Bank of Glen Burnie can make buying your home simple and stress-free. Choosing the right mortgage is one of the most important steps in purchasing your new home.
We offer a range of loans to meet your unique needs. Take a few minutes to learn more about two special home loan programs available to first-time homebuyers and eligible educators and first responders. These programs are only available to residents of Anne Arundel County, Maryland.
Our Residential Lending Team is here to help you get started on your journey to home ownership and help you understand your options.
Affordable, Low Down Payment Loan Options for First-Time Home Buyers
Up to 90% Loan-to-Value (LTV) with zero PMI
A lower down payment requirement can make homebuying more affordable for first-time homebuyers. To be considered a first-time homebuyer, you must be purchasing a home intended as a primary residence and cannot have owned a home at any point in your lifetime. Our first-time homebuyer loans can help make owning your own home a reality.
- Must be a resident of Anne Arundel County, Maryland
- Up to 90% LTV with zero PMI
- We offer competitive mortgage rates
If your financial situation allows you to make a more substantial down payment (20%), you may qualify for a conventional loan which could help lower your monthly principal and interest payments.
Hometown Heroes Loan Program
Available to Qualifying Educators and First Responders in Anne Arundel County
Everyday heroes in our local community deserve affordable home ownership options. The Bank of Glen Burnie is committed to giving back to our community by improving housing affordability for our very own hometown heroes.
We are honored to extend the low down-payment, fixed-rate home loan options available to first-time buyers to all eligible first responders and educators regardless of previous home ownership status. This home loan program is designed to help those who protect and serve our community find affordable loan options that help maximize their homeownership budget.
Qualifying Heroes
- Must be a resident of Anne Arundel County, Maryland
- The home must be your primary residence
- Up to 90% LTV with zero PMI
- To qualify, you must be currently employed as a:
- First Responder (law enforcement officer, firefighter, EMT, paramedic)
- K-12 Educator
- We offer competitive mortgage rates
Ready to Get Started?
Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice.
All loans are subject to credit approval. Consult a loan officer for complete details.
