The Maryland Mortgage Program (MMP) offers home loans and assistance funds to eligible borrowers. Up to $5,000 of assistance can be used to help cover the costs of the down payment, closing, prepaid items, and escrow expenses.
This assistance is offered in the form of loan with deferred payments and 0% interest. The loan amount becomes due once the property is sold, refinanced, no longer the borrower’s primary residence, or the first mortgage has been paid off.
Part of this assistance comes from the Partner Match Program, where a participating partner provides funds and MMP matches the funds.