Smart Keys 4 Employees (SK4E)

Smart Keys 4 Employees (SK4E) is a deferred second loan for homebuyers in Maryland, administered by Maryland DHCD, Community Development Administration, Maryland Mortgage Program. A 'Smart Growth' enhancement to House Keys 4 Employees providing an additional $1,000 0% deferred loan when the purchased property is within 10 miles of the borrower's employer (or within the local jurisdiction) and in a Priority Funding Area. Added to HK4E partner-match funds. Additional $1,000 in 0% deferred DPA. Layered with HK4E and the $6,000 base MMP assistance. Funding comes from Maryland DHCD / Community Development Administration (Smart Growth enhancement).

Smart Keys 4 Employees (SK4E) offers up to $1,000 in assistance. The program can be combined with House Keys 4 Employees, MMP Partner Match, and non-MMP programs. Amounts are the program's published maximums, not an offer — Maryland DHCD, Community Development Administration, Maryland Mortgage Program determines any individual award.

Smart Keys 4 Employees (SK4E) is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off. Repayment is triggered by 0% deferred loan; repayable when home is sold or transferred, or when the first mortgage is paid off or refinanced. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Smart Keys 4 Employees (SK4E) is open to homebuyers who will live in the home as their primary residence. A homebuyer education course is required, through Per Maryland Mortgage Program requirements. Residency requirement: Property within 10 miles of employment OR within local jurisdiction, AND in a Priority Funding Area. Requires HK4E participation and a property in a Priority Funding Area within 10 miles of employer.

Smart Keys 4 Employees (SK4E) can be used for Single Family, Townhouse, and Condo.

Smart Keys 4 Employees (SK4E) is limited to employees of Employees of participating HK4E partner employers. Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

Smart Keys 4 Employees (SK4E) serves homebuyers purchasing anywhere in Maryland. The program targets specific areas: Priority Funding Areas; property within 10 miles of employer or within local jurisdiction.

Applications for Smart Keys 4 Employees (SK4E) go through Maryland DHCD, Community Development Administration, Maryland Mortgage Program, which publishes the current terms and the application steps on its own site. Funds are reserved through Borrower submits Verification of Partner Contribution to MMP lender; layered on House Keys 4 Employees. 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.