30-year fixed-rate first mortgage at the lowest MMP rate for eligible first-time homebuyers. No built-in DPA; outside DPA sources may be used.

Paired with: Conventional, FHA, VA, USDA

• First-time homebuyer: Required
• Primary residence only
• Income: MMP household income and purchase price limits apply; vary by county.
• Homebuyer education required

First-time homebuyer means no principal residence owned in the past 3 years. Requirement waived in targeted areas (current home must be sold before closing) and for honorably discharged veterans using the exemption for the first time. Cannot be combined with the Maryland HomeCredit (MCC) program.

Source: mmp.maryland.gov

$6,000 deferred second mortgage with 0% interest and no monthly payments, toward down payment and closing costs; due when the first mortgage ends (payoff, refinance, transfer, or sale).

Paired with: Conventional, FHA, VA, USDA

• First-time homebuyer: Required
• Primary residence only
• Income: MMP household income and purchase price limits apply.
• Homebuyer education required

Source: mmp.maryland.gov

Deferred second mortgage equal to 3%, 4%, or 5% of the first-mortgage amount toward down payment and closing costs; 0% interest, deferred until sale, refinance, or payoff.

Paired with: Conventional, FHA, VA, USDA

• First-time homebuyer: Required
• Primary residence only
• Income: MMP household income and purchase price limits apply.
• Homebuyer education required

First-mortgage interest rate is higher than the 1st Time Advantage Direct rate in exchange for the DPA. A 5% option is also offered for first responders and teachers (First Homes for First Responders and Teachers) and for buyers of eligible MMP-UPLIFT properties.

Source: mmp.maryland.gov

30-year fixed-rate first mortgage for first-time and repeat homebuyers. Flex 6000 includes a $6,000 DPA loan; Flex 3% includes DPA equal to 3% of the first mortgage. Both are 0% interest deferred second loans due when the first mortgage ends. Flex Direct has no DPA.

Paired with: Conventional, FHA, VA, USDA

• Primary residence only
• Income: MMP household income and purchase price limits apply.
• Homebuyer education required

Borrower may not own any other real property at closing.

Source: mmp.maryland.gov

Down payment assistance equal to 6% of the first-mortgage amount as a 30-year 0% interest deferred loan for lower-income first-time homebuyers.

Paired with: Conventional, FHA, VA, USDA

• First-time homebuyer: Required
• Primary residence only
• Income: Household income at or below 50% of area median income (AMI).
• Homebuyer education required

Part of the 1st Time Advantage product line.

Source: mmp.maryland.gov

95% first mortgage plus a 0% interest second mortgage of up to 25% of the purchase price (maximum $45,000) toward down payment and closing costs.

Paired with: Conventional

• Primary residence only
• Income: Combined qualifying income at or below 80% of area median income (AMI).
• Homebuyer education required

For a borrower or co-borrower with a documented disability, or the guardian and main caregiver of a disabled immediate family member who lives with them. Second loan is due at sale, refinance, or transfer. Combined loans may not exceed 105% of value.

Source: mmp.maryland.gov

DHCD matches assistance from approved partner employers, builders, or community organizations up to $2,500 as a 0% interest deferred loan, payable when the first mortgage is paid off.

Paired with: Conventional, FHA, VA, USDA

• Primary residence only
• Income: MMP income limits apply.
• Homebuyer education required

Available only with the 1st Time Advantage 6000 or Flex 6000 loan. Employer/organization must be an approved MMP partner.

Source: mmp.maryland.gov

$5,000 down payment and closing cost incentive awarded by lottery; structured as a 5-year forgivable loan.

Applicants must complete homeownership counseling, attend a Live Baltimore Trolley Tour event, and have a ratified contract on a Baltimore City home within 12 business days after the event. Twenty awards per lottery. Buyer must contribute at least $1,000 and must be approved before closing.

Source: livebaltimore.com

The City matches participating employer contributions of $1,000 to $2,500, for total incentives of $2,000 to $5,000+ depending on the employer, toward down payment and closing costs.

Requires employment with a participating employer, homeownership counseling from a City-approved agency within the past year, and at least $1,000 of the buyer's own funds. Employers may add their own restrictions, including eligible neighborhoods. Funded by fiscal year, first-come first-served.

Source: www.baltimorecity.gov