While credit unions have their own down payment assistance efforts, the Maryland Department of Housing and Community Development is having a hard time convincing the state's cooperatives to join its program.
As of Feb. 2, the department's Maryland Mortgage Program listed 71 participating lenders that offer financial assistance to make down payments or pay closing costs. There were no credit unions on the list that contained banks and mortgage finance companies.
William Ariano, deputy director of the DHCD, said the department reached out to credit unions to become lenders in the program but so far, none have joined.
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