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Spring into Action with These Programs!
BY GREGORY HARE
With brighter days ahead, the Maryland Mortgage Program (MMP) is springing into action! MMP gives realtors the tools and resources to help buyers navigate the homebuying process.
MMP provides down payment assistance and specialized programs to make homeownership more affordable and achievable, turning possibilities into reality! Whether your clients are purchasing their first home or looking to modernize their new purchase, MMP has a partnership product for you:
Flex 3% Loan - Comes with a downpayment assistance loan equal to 3% of the first mortgage in a0% deferred second lien. Can be used for repeat buyers.
FHA 203K Limited Loan Allows for additional financing for repair/modernization as part of the home purchase
1st Time Advantage Direct No DPA, but offers the lowest interest rate available with a MMP loan--often under 3%!
Follow us on social to stay up to date: facebook.com/marylandmmp/
Gregory Hare is the Assistant Secretary, Maryland Department of Housing and Community Development. mmp.maryland.gov, singlefamilyhousing.dhcd@maryland.gov, 1-800-756-0119
