Maryland Mortgage Program (MMP)

Helping Maryland Buyers Become Homeowners

The Maryland Mortgage Program (MMP) offers affordable home loan options for first-time buyers and other qualified buyers. With programs like Conventional, FHA, VA, and USDA loans, MMP helps make homeownership possible through down payment assistance, special loan products, and financial support.
What You’ll Find on This Page:
  • Loan program options
  • Down payment assistance details
  • Special programs by location or profession
  • Helpful tools and links
Helpful Tools & Resources
MMP Home Buyer Loan Programs
1st Time Advantage Loans (For First-Time Buyers Only)
  • 1st Time Advantage Direct
    No down payment help, but usually offers the lowest interest rate. Outside DPA programs may be used.
  • 1st Time Advantage 6000
    Includes $6,000 in down payment and closing help as a silent second loan with no interest or payments.
  • 1st Time Advantage 3%, 4%, and 5% Loans
    These come with 3%, 4%, or 5% of the first mortgage as a second loan at 0% interest, due when the first mortgage ends.
  • HomeStart
    Designed for buyers earning 50% or less of the area median income. Comes with 6% DPA (based on loan amount), with no interest or monthly payment.
Maryland Mortgage Program Flex (Open to Repeat Buyers)
  • Flex Direct
    No down payment assistance. Best rates for non-first-time buyers. Outside DPA can be added.
  • Flex 5000
    Includes a $5,000 second loan for down payment or closing costs (0% interest, due at sale/refinance).
  • Flex 3% Loan
    Offers 3% of the first mortgage amount as a 0% second loan.
Specialty Programs

Montgomery Homeownership Program
  • For MMP-eligible buyers in Montgomery County.
  • Get up to $25,000 (40% of buyer’s income) for down payment and closing costs.
  • Any extra funds go toward reducing your loan principal.
  • 0% interest; repayment deferred until resale, refinance, or 30 years.

Montgomery Employee DPA Loan
  • For approved Montgomery County employees buying in the county.
  • $25,000 second loan (0% interest) for down payment or closing costs.
  • Forgiven after 30 years if not repaid earlier.
Maryland SmartBuy 3.0

Buy a home and pay off student debt—at the same time.
  • Get up to 15% of the purchase price (max $20,000) to pay off existing student debt.
  • At least one borrower must fully pay off their student loan balance at the time of purchase.
  • Must meet MMP eligibility and loan requirements.
Who Can Qualify?
  • First-time buyers (or haven’t owned in the past 3 years)
  • Buyers using MMP-approved lenders
  • Completion of a homebuyer education course
  • Income and purchase price must fall within limits
  • Minimum credit score and contribution from buyer may be required
Questions? Need Help?
Contact me for guidance on using the Maryland Mortgage Program to buy your next home.