Feeling burned out by the homebuying process? You’re not alone.
Between rising home prices, high interest rates, and limited inventory, many people trying to buy a home in Maryland today are feeling frustrated, fatigued, or even ready to give up. It’s what the industry now calls homebuyer fatigue.
But here’s the good news: There are still smart, flexible mortgage solutions that can make homeownership possible—even in this market.
What is homebuyer fatigue?
Homebuyer fatigue is the emotional and financial burnout many buyers feel after months of searching, bidding, and dealing with market challenges. The main causes include:
- High interest rates making monthly payments harder to afford
- Soaring home prices reducing buying power
- Low inventory creating intense competition for available homes
- Rising costs like taxes, insurance, and maintenance
For first-time buyers, this can feel like trying to jump through hoops just to stay in place.
But there are mortgage options that can help
While the market is tough, the mortgage world is evolving to meet these challenges. Here are some real solutions that might help you finally get into the home you’ve been searching for.
Down payment assistance programs
Think you need 20% down to buy a home? Think again.
There are thousands of down payment assistance (DPA) programs across the U.S. that offer:
- Grants or forgivable loans
- Help with closing costs
- Special incentives for teachers, first responders, and veterans
These programs are often available at the state, county, or city level, and they can make a big difference in getting you to the closing table. Learn more about down payment assistance programs that are available near you!
First-time buyer loan programs
If you haven’t owned a home in the last 3 years, you may qualify as a first-time buyer — and that opens the door to programs with:
- Lower interest rates
- Reduced private mortgage insurance (PMI)
- Flexible credit guidelines
Examples include:
- Fannie Mae HomeReady®
- Freddie Mac Home Possible®
- State-specific programs designed for new buyers
FHA loans and other flexible mortgage options
If your credit score isn’t perfect or you’re working with a limited budget, there are still options.
- FHA loans offer as little as 3.5% down and more flexible approval criteria (FHA.gov)
- VA loans (for eligible veterans) require no down payment and offer competitive rates (Veterans Affairs)
- USDA loans offer 100% financing in eligible rural and suburban areas (USDA)
- Adjustable-rate mortgages (ARMs) can offer lower initial rates if you don’t plan to stay long term
Reach out to one of our knowledgeable loan officers if you would like to know more about these programs and if you qualify.
Final thought: don’t let fatigue win
If you’ve been house hunting in Maryland for a while and feel like giving up — don’t. Markets shift, interest rates change, and new programs are launched all the time. The key is having the right information and the right lending partner to guide you through the options. Whether you’re just starting or you’ve made a few attempts already, now might be the perfect time to revisit your strategy with a fresh perspective — and a better mortgage plan.
Ready to re-energize your home search? Talk with one of our trusted loan officers or start the pre-approval process today and get started on finding your dream home!
