MMP 1st Time Advantage

MMMP 1st Time Advantage is designed to offer eligible first-time homebuyers the lowest 30-year fixed interest rate available for a Maryland Mortgage Program loan. The Maryland HomeCredit Program (mortgage credit certificates) may not be layered with this loan, and there are no MMP downpayment or closing cost assistance funds (including Partner Match) other than the Special Assistance Grants, if applicable.

First-time Homebuyer Requirement and Standard MMP eligibility applies.


This product is only available for first-time homebuyers, unless:

  • Borrower is purchasing in a targeted area and sold their current home prior to closing on the new property; (for more information on targeted areas ); or
  • It has been more than three years since borrower has owned a principal residence; or
  • Borrower is an honorably discharged veteran who has not previously used the first-time homebuyer exemption. This is in accordance with the Heroes Earnings Assistance and Relief Tax Act of 2008, as amended. A DD-214 form must be submitted to document veteran status, and a Veteran First Time Homebuyer Exemption form must be completed.