Products

Maryland Mortgage Program Loan Products

The Maryland Mortgage Program has a range of loan products designed to meet the needs of different borrowers. To learn which products are best for your situation, we recommend talking to an approved Maryland Mortgage Program lender (find a lender).

Current Interest Rates for all loan products can be found on our Interest Rate page. These rates can change daily or more frequently.


Montgomery Homeownership Program II

The Montgomery Homeownership Program II, an initiative of the Maryland Mortgage Program in partnership with Montgomery County, gives eligible homebuyers purchasing in Montgomery County up to $25,000 in down payment assistance.

Learn more about the Montgomery Homeownership Program II


Maryland Opportunity Grant

​Maryland Opportunity Grant assists income selected homebuyers with down payment and closing costs associated with purchasing a home in Maryland using the Maryland Mortgage Program (MMP) for Freddie Mac HFA Advantage, conventional mortgages only. We offer an outright grant of 2% of the first loan to support the down payment and closing costs for borrowers with total income up to the level stated for each county.

Learn more about the Maryland Opportunity Grant


Project Reinv​est in Baltimore City

Neighborhood Housing Services of Baltimore’s Program, Project Reinvest: Homeownership, provides eligible homebuyers purchasing in Baltimore City with $10,500 in down payment assistance which can now be combined with a Maryland Mortgage home loan to make homeownership even more affordable.

Learn more about the Project Reinvest in Baltimore City


Closing Cost Assistance Grant

The Closing Cost Assistance Grant assists homebuyers with closing costs associated with purchasing a home in Maryland using the Maryland Mortgage Program (MMP) for conventional mortgages only. The Maryland Department of Housing and Community Development offers a first mortgage loan that is accompanied by a grant of $1,500 to pay closing costs for the households with total income up to the level stated for each county. The grant cannot be used for a down payment.

Learn more about the Closing Cost Assistance Grant


Maryland NewBuild in Wicomico County Initiative

The Maryland Department of Housing and Community Development, in partnership with Wicomico County, is providing attractive financial incentives to help make buying newly-constructed homes even more affordable. Maryland New Build in Wicomico County offers several ways to save money today and for years to come.

Learn more about the Maryland NewBuild in Wicomico County Initiative.


Maryland SmartBuy

The Maryland SmartBuy initiative helps homebuyers with eligible student debt purchase a home. The program offers highly attractive financing and closing cost assistance for move-in ready homes, including loan forgiveness of up to 15% of the purchase price.

Learn more about the Maryland SmartBuy.


Maryland Mortgage Program - Conventional and Government

Eligible borrowers can work with an approved Maryland Mortgage Program lender to apply for a Maryland Mortgage Program home loan, which provides homebuyers with a 30-year, fixed interest rate home loan along with Down Payment Assistance.

Standard Maryland Mortgage Program home loans are available as Conventional or Government insured. For information about our approved private mortgage insurers, click here.

Learn more about the Maryland Mortgage Program.


Maryland "You've Earned It!" Initiative

For a limited time, eligible homebuyers that that purchase a home in one of Maryland's Sustainable Communities (see Maryland Mortgage Program Mapper) and who have at least $25,000 in student debt may qualify for a 0.25% discount on the standard Maryland Mortgage P rogram mortgage rate.

Learn more about the Maryland "You've Earned It!" initiative.


Maryland Preferred Rate 

Homebuyers can get an even lower interest rate than the standard Maryland Mortgage Program home loan by choosing the Maryland Preferred Rate Program. The lower interest rate helps borrowers obtain significant savings each month on their mortgage payments.

Click here for more information about the Maryland Preferred Rate


Maryland Mortgage Grant Assist

The Maryland Mortgage Grant Assist Program gives eligible homebuyers who use the Maryland Mortgage Program to purchase their home a grant valued at 4% of the first mortgage which is applied to closing costs. This grant does not need to be repaid, and funds available through this grant in excess of closing costs are applied to principle reduction of the purchase. The Maryland Mortgage Program has made homeownership more affordable for thousands of families, and comes with the security that only the state's flagship homeownership program can provide.

Learn more about the Maryland Mortgage Grant Assist.


Maryland Homefront

Maryland Homefront provides military veterans and active duty military with a special interest rate discount of 0.25% for a 30-year, fixed rate mortgage. This initiative is in appreciation of the contributions made by members of the United States armed services and their families.

Learn more about Maryland Homefront.


97% Conventional Refinance Program

A 30-year fully amortizing limited cash-out refinance loan with interest rate fixed for 30 years.

See fact sheet for more information. ​​​​​​​​​​​​​​​​​​​