City of Laurel Homebuyer Assistance Program

City of Laurel Homebuyer Assistance Program is a grant for homebuyers in Laurel, Maryland, administered by City of Laurel, Department of Economic and Community Development. The City of Laurel Homebuyer Assistance Program provides a $5,000 grant to help first-time homebuyers (or those who have not owned a home in the past five years) with the down payment or closing costs on a home within the City of Laurel. For Fiscal Year 2026 the City allocated $50,000 to support 10 eligible homebuyers. The grant is paid after closing upon submission of final settlement documents, and recipients must occupy the home as their primary residence within 60 days of settlement and for at least three years. $5,000 grant for down payment or closing costs. No repayment if occupancy requirement met. First-come, first-served. Paid after closing. Funding comes from City of Laurel General Budget.

City of Laurel Homebuyer Assistance Program offers up to $5,000 in assistance. Amounts are the program's published maximums, not an offer — City of Laurel, Department of Economic and Community Development determines any individual award.

City of Laurel Homebuyer Assistance Program is structured as a grant, so it is not repaid. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

City of Laurel Homebuyer Assistance Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time" has exceptions here: Eligible if the applicant has not purchased a home within the past five (5) years. Residency requirement: Applicants must occupy the home as their primary residence within 60 days of settlement and for at least three years. Must be a first-time homebuyer or not have purchased a home in the past five years; household income of all owners must not exceed $100,000 at settlement; must occupy as primary residence within 60 days and for at least three years; applications submitted only through the online portal.

City of Laurel Homebuyer Assistance Program limits household income to $100,000. The limit applies to total household income, not only the borrower’s. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

City of Laurel Homebuyer Assistance Program can be used for Single Family, Townhouse, and Condo.

City of Laurel Homebuyer Assistance Program serves homebuyers purchasing in Laurel, Maryland.

Applications for City of Laurel Homebuyer Assistance Program go through City of Laurel, Department of Economic and Community Development, which publishes the current terms and the application steps on its own site. Funds are reserved through Applications reviewed first-come, first-served via online portal; open until allocated funds are fully distributed. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.