What it can provide
Down-payment assistance equal to 3% of the first mortgage.
Who it is for
Eligible first-time Maryland homebuyers and applicable MMP exceptions.
Geography: Maryland statewide, subject to product-specific property rules.
Active
MMP 1st Time Advantage 3%
Down-payment assistance equal to 3% of the first mortgage.
See If This May Fit MeImportant terms
0% deferred second lien; repayment is generally triggered when the first mortgage ends.
Credit / underwriting
Generally 640 minimum, subject to loan type and underwriting.
Program availability and rules can change. A match from Homebuyers Hub is an educational screening result, not an approval.
Program details
How to evaluate MMP 1st Time Advantage 3%
Use the program summary below as a screening guide, then verify the current program rules for your household, property and mortgage before relying on the assistance.
Key points to compare
Assistance: Down-payment assistance equal to 3% of the first mortgage.
Buyer profile: Eligible first-time Maryland homebuyers and applicable MMP exceptions.
Location: Maryland statewide, subject to product-specific property rules..
Repayment or structure: 0% deferred second lien; repayment is generally triggered when the first mortgage ends.
Credit and underwriting: Generally 640 minimum, subject to loan type and underwriting.
What to verify before you apply
Before choosing a program, confirm current funding or reservation availability, household-income rules, purchase-price limits, occupancy requirements, property eligibility and the mortgage products that can be paired with the assistance.
Also verify whether first-time homebuyer status is required, what borrower funds must come from you, whether homebuyer education is required and when any second loan or grant would become repayable.
Those details can change by program and can affect which option provides the best fit for a specific transaction.
Related Maryland homebuyer resources
Compare Maryland homebuyer programs or use the program finder for a personalized shortlist.
This is a statewide Maryland option, but local programs and limits can still vary. Explore: Anne Arundel County, Baltimore City, Howard County, Montgomery County, Prince George's County and Frederick County.
Want a personalized program shortlist?
Answer the finder questions and compare the programs that may fit your location and buyer profile.
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