2018 MMP Updates

New Products

Maryland Credit 640

For FHA loans with FICO scores 640-659 (see Fact Sheet​)

Maryland 6% Opportunity Grant

For limited income borrowers using an LPA loan (see Fact Sheet)

Maryland 4% Grant Assist

Now can be used for DPA for FHA loans as well as Conventional/USDA/VA (see Fact Sheet​)

Process Enhancements 

Auto-population of DPA Title Documents

Download with the closing package after pre-compliance approval.

Simplified documentation

For loans that don’t use state (DPA) or federal funds (MCCs), including a downloadable standard Pre-Compliance Loan Package (go to Loan Documentation)

E-Signatures

Lender’s Administrative Contact will have to sign up (download form)

Updated Website

Rate Assist / Loan Assist / Grant Assist

New structure based on what the borrower needs most (see Programs page - homebuyer section).

Partner Referrals

Automatic homebuyer referrals to top producting loan officers, and links for homebuyers to Workforce Housing Certified Realtors (learn more​).​​​