The Maryland Mortgage Program is offering an acquisition-rehabilitation product designed to help Maryland homebuyers purchase, restore and modernize a home in Maryland. A 203(k) option is available for each of the MMP FHA loan types.

Product Highlights

• FHA Limited 203(k) loans may only be used for minor remodeling and non-structural repairs.
• Total rehabilitation cost cannot exceed $75,000 (for FHA Case Numbers assigned on or after 11/4/2024 only).
• Manufactured Homes, Condos, and attached PUDs are not acceptable.
• Borrowers must meet all eligibility requirements established for the Maryland Mortgage Program, US Bank, and FHA.
• Rates will be posted on the daily Rates sheet​

Approved MMP FHA Limited 203(k) Lenders

Financing for the MMP FHA Limited 203(k) product is available only through lenders that have been 203(k)-approved by US Bank. These lenders can help you confirm your eligibility and ensure you meet all applicable requirements.

The following lenders are currently approved per our latest information:

• Atlantic Bay Mortgage​
• FitzGerald Financial, a division of TowneBank Mortgage​

Relevant Documents

• Directive 2025-01​
• MMP FHA Limited 203(k) Fact Sheet​