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TD Bank HomeReady Grant

TD Bank, N.A. · Statewide County, Maryland

Last verified
See what you qualify forOfficial program site →
Assistance

$2,500

The maximum the program publishes — not an offer

Income limit

50% AMI

Of area median income; varies by county and household size

Repayment

Grant

Not repaid

What is TD Bank HomeReady Grant?

TD Bank HomeReady Grant is a grant for homebuyers in Statewide County, Maryland, administered by TD Bank, N.A.

  • TD Bank offers a $2,500 grant (limited time) on the Fannie Mae HomeReady mortgage for borrowers with income <= 50% AMI where at least one borrower is a first-time buyer. No geographic restriction, so available statewide in Maryland. No repayment; pairs with 3%-down HomeReady. Applications on or before 1/29/2027.
  • $2,500 grant, no repayment.
  • Statewide (income-based).
  • Pairs with 3%-down HomeReady.
  • 620 min credit.
  • Funding comes from TD Bank (lender grant on Fannie Mae HomeReady).

How much assistance does it provide?

TD Bank HomeReady Grant offers up to $2,500 in assistance.

  • Amounts are the program's published maximums, not an offer — TD Bank, N.A. determines any individual award.

Do you have to pay it back?

TD Bank HomeReady Grant is structured as a grant, so it is not repaid.

  • Repayment is triggered by None - grant, no repayment.
  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

TD Bank HomeReady Grant is open to first-time homebuyers and buyers who will live in the home as their primary residence.

The program requires

  • First-time homebuyer — with exceptions: At least one borrower must be a first-time homebuyer
  • The home is occupied as a primary residence
  • On credit: Minimum 620 (HomeReady, flexible underwriting)
  • A completed homebuyer education course, through HUD-approved homebuyer education/counseling may be required
  • DRAFT (dpa-gap-finder 2026-06-12): pending review. Lender-specific (TD HomeReady). Income <= 50% AMI; >=1 first-time buyer; limited-time offer (apps by 1/29/2027). TD's separate $10,000 'Home Access' SPCP not on TD's official page (status unverified) - not staged. TD Right Step excluded (first mortgage, no grant).

The program excludes

  • Households above 50% of area median income

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

TD Bank HomeReady Grant limits household income to 50% of the area median income, which varies by county and household size.

  • Qualifying income <= 50% of applicable AMI of the property location.
  • Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

TD Bank HomeReady Grant can be used for Single Family, Condo, Townhouse, and 2-4 Unit.

Where does it apply?

TD Bank HomeReady Grant serves buyers purchasing in Statewide County, Maryland.

How do you apply?

Applications for TD Bank HomeReady Grant go through TD Bank, N.A., which publishes the current terms and the application steps on its own site.

  1. Take a homebuyer education course

    Required by the program, through HUD-approved homebuyer education/counseling may be required.

  2. Contact TD Bank, N.A. to reserve funds

    Funds are reserved with the provider and are subject to availability.

  3. Work with a lender who handles the program

    Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.

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