PUBLIC SERVANT LOAN PROGRAM.

The rising cost of housing in Howard County has made it difficult for some of our most important citizens to buy homes. We’d like to fix that. The purpose of our Public Servant Loan Program is to facilitate the first time purchase of a Howard County home by professionals serving the community. Teachers, police officers, firefighters, hospital professionals, and other county workers. It’s the only loan program of its kind in the county.

One of the key components of the loan program is the absence of a down payment requirement. Conventional mortgages traditionally require 20% down payment to qualify for a loan, thus buyers of a $350,000 house would need $70,000 up front. The Howard Bank Public Servant Loan Program will cover 100% of the purchase price of the home, plus an additional 10% for closing costs and documented home improvement expenses.

For more information, please contact Donna Frederick, Vice President and Consumer Loan Manager, at 410-750-0020 or dfrederick@howardbank.com

Renaissance Loan Fund
Public Servant Loan Program
Community Involvement and Sponsorships