MMP-UPLIFT

UPLIFT (Utilizing Progressive Lending Investments to Finance Transformation) is a state initiative by the Maryland Department of Housing and Community Development (DHCD). It funds the construction and renovation of affordable, high-quality homes in specific Maryland neighborhoods that have experienced historical redlining and disinvestment.

Maryland Mortgage Program (MMP) UPLIFT loans help qualified borrowers buy eligible UPLIFT properties.

Who can apply

First-time homebuyers who:

• Meet standard MMP eligibility requirements
• Are buying an eligible home from the UPLIFT property list

UPLIFT eligible properties

You can only use this loan product to buy a home that is actively participating in the UPLIFT development initiative. UPLIFT properties must meet MMP requirements.

View the UPLIFT Property List

Benefits

• Competitive 30-year fixed-rate first mortgage
• Includes a secondary loan equal to 5% of your total first mortgage amount to help cover your down payment and closing costs:
  • 0% interest, 30-year deferred secondary loan
  • No monthly payments for the secondary loan as long as you live in the home and keep your first mortgage
  • You only pay it back when you sell, refinance, or transfer the home
  • If the 5% exceeds the total down payment and closing costs, your lender will apply the excess funds to the first mortgage.
• Can be combined with external grants or loans from employers, builders, or non-profits, as long as they meet all MMP, U.S. Bank, and investor guidelines. (Note: it cannot be combined with other MMP products or MMP Partner Match Program)

Eligibility requirements

To qualify you must:

• Complete an approved Homebuyer Education class
• Meet MMP loan eligibility requirements, including income limits, credit score, and purchase price limits
• Meet all requirements from lenders, mortgage insurers, and any partner organizations providing funding
• Not own any other real property at time of closing