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Department Owned Properties For Sale

The Maryland Department of Housing and Community Development owns single family properties that may be purchased by homebuyers, non-profit organizations and public housing authorities.

The department’s REO portfolio properties are listed and sold through two contract realtors, Cummings and Company Realtors or Long & Foster. These properties are being offered without regard to race, color, religion, sex, disability, marital status, familial status, sexual orientation or national origin.

DHCD offers two special programs related to the sale of its REO properties:

First Look Maryland

First Look Maryland is a special invitation to non-profit organizations, public housing authorities and community partners to preview the department’s REO portfolio properties.

For the first 15 days a new DHCD single family property is listed by Cummings and Company Realtors or Long & Foster, favorable pricing and financing will be offered to qualified buyers. After that time, the property will become available to the general public.

Exclusive Buyer Incentives

DHCD-Owned Foreclosure Program

The Maryland Department of Housing and Community Development has state-owned homes for sale through two contracted realty firms (Cummings & Company and Long & Foster). Certain conditions may apply to borrowers interested in purchasing these properties.

Description Interest Rate Points APR
DHCD-Owned Foreclosures Government 2.000% 0-points 3.478%
DHCD-Owned Foreclosures Conventional* 2.000% 0-points 2.457%

NOTE – Down Payment Assistance (DPA) is not available when originating a Conventional Loan for DHCD-Owned (REO) property.

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