Loan Product Resources

​​​​​​​​​​​​​​​​​​​​​Use these fact sheets and flyers to learn about Maryland Mortgage Program (MMP) loan products and share information with homebuyers. Fact sheets include key details such as eligibility, loan terms, and available assistance. Flyers provide a shorter, easy-to-read overview.

General MMP Loan Requirements

Standard 30-Year Purchase Product Fact Sheet :
Applies to most Maryland Mortgage Program loans unless a specific product states otherwise. It includes general requirements such as income limits, credit scores, and property eligibility. See individual program fact sheets for product-specific details.

First-Time Homebuyer Programs

Eligible first-time homebuyers may qualify for the program’s lowest 30-year fixed interest rate.

Fact sheets:

• 1st Time Advantage Direct​: No down payment assistance (DPA) available, but usually offers our most competitive interest rates.
• 1st Time Advantage 6​000: Comes with a $6,000 loan for down payment and closing costs.
• 1st Time Advantage 3% Loan​: Comes with a DPA loan equal to 3% of the first mortgage.
• 1st Time Advantage 4% Loan: Comes with a DPA loan equal to 4% of the first mortgage.
• 1st Time Advantage 5% Loan: Comes with a DPA loan equal to 5% of the first mortgage.
• HomeStart 6% DPA Loan: For borrowers whose household income is 50% or less of the Area Median Income (AMI). Comes with a DPA loan equal to 6% of the first mortgage.

Flyers:

• 1st Time Advantage 5% Loan Flyer
• HomeStart 6% DPA Loan Flyer​

Learn more about 1st Time Advantage Loans Program​

First-Time and Repeats Homebuyers Programs

MMP Flex Loans are 30-year, fixed-rate home loans for first-time or repeat homebuyers. Some Flex products include down payment assistance through a no-interest, deferred loan.

Fact sheets:

• Flex Direct: No down payment assistance (DPA) available, but usually offers our most competitive interest rates to repeat homebuyer.​
• Flex 6​000​: Comes with a $6​,000 loan for down payment and closing costs.
• ​Flex 3% Loan: Comes with a DPA loan equal to 3% of the first mortgage.

Learn more about Flex Loans Program​

Specialty Products

Montgomery County Specialty Products

These two programs provide down payment and closing cost assistance for eligible first-time homebuyers in Montgomery County.

Fact sheets:

• Montgomery County Homeownership ​Program​
• Montgomery Employee Down Payment Assistance Loan (MEDPAL)

Learn more about Montgomery County Specialty Products​

Maryland SmartBuy Program

For first-time homebuyers with student debt:

• Maryland SmartBuy 3.0 Fact Sheet​
• Maryland SmartBuy 3.0 Flyer

Learn more about Maryland SmartBuy Program​

​HomeAbility Program

For first-time homebuyers with disabilities:

• ​HomeAbility​​ Fact Sheet
• HomeAbility Flyer

Learn more about HomeAbility Program

Federal Housing Administration (FHA) Limited​ 203(k) Loans

This product will help Maryland homebuyers purchase, restore and modernize a home in Maryland

• FHA Limited​ 203(k) Loans Fact Sheet

Learn more about FHA Limited 203(k) Loans Program

Pathway to Purchase in Prince George’s County

For eligible homebuyers purchasing in Prince George's County:

• Pathway to Purchase in Prince Georg's County Flyer​
  

Learn more about Pathway to Purchase in Prince George's County Program

Other Programs

• 97% Conventional Refinance Program​: Refinance loan with interest rate fixed for 30 years.

Mortgage Credit Certificate

Closed to new reservations. Existing certificates can be re-issued for refinancing. Provides an annual federal tax credit on mortgage interest.

• Maryland HomeCredit (Mortgage Credit Certificate)

Learn more about Maryland HomeCredit Program​

Down Payment Assistance

Many organizations partner with MMP to provide grants or loans to help homebuyers:

• Partner Match Programs​ Fact Sheet

Learn more about Partner Match Programs