Learn about buying a home

Before you start your home search, take an approved Homebuyer Education class. You will learn about the process and requirements of buying a home, and counseling agencies can often help identify sources of assistance.

You will also receive a certificate that’s required for many MMP loans and down payment assistance programs.

Find a lender and get pre-approved to determine what you can afford. This will guide your home search.

All MMP loans and down payment assistance ​are available through our state-approved mortgage lenders. You can reach out directly to one of them or get referred to a top MMP loan officer by completing our MMP leads form​.

Many homes in Maryland are eligible for a MMP loan, but some restrictions and conditions apply. Your lender will confirm whether you meet MMP requirements and explain how income limits and property rules apply to the home you want to buy. 

Find a realtor to help you find homes that fit your needs and budget. Realtors are an important source of guidance throughout the homebuying process.

You can search for a realtor on the Maryland Realtor's homebuyer resource website​​. These realtors have completed Housing Opportunity Certification (HOC) training and can provide up-to-date guidance on MMP.

When you work with a realtor, make sure you understand how they are compensated and whether they represent the buyer, the seller, or both. This will help you make informed decisions throughout your home purchase.

Once you find the right home, your agent will guide you through submitting an offer. This includes:

- Choosing a competitive offer price
- Adding important protections, such as financing and home inspection contingencies

This step often moves quickly. Your lender and realtor ​will help you coordinate to keep things on track.

Complete your loan application and lock in your rate after your offer is accepted.

- Your lender will help you identify the best MMP loan for you and lock in a low interest rate.
- Your realtor will guide you through other required steps, such as home inspection and appraisal.
- Your lender will review your updated employment and credit information to ensure you qualify for the loan.

Your lender submits your loan package to the MMP team to ensure it meets all state requirements. Once approved, your lender will schedule your closing date.

Sign the paperwork and get your keys! Congratulations, you are now a homeowner.