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 lender will have to confirm their approval status directly with US Bank (no list available through MMP).

Relevant Documents

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