Program Fact Sheets & Tools

First-time homebuyer loan products

Eligible first-time homebuyers may qualify for the program's lowest 30-year fixed interest rate. Learn more about 1st Time Advantage loan products.

1st Time Advantage fact sheets

• 1st Time Advantage Direct - PDF - 393.23 KB: No down payment assistance (DPA) available, but usually offers our most competitive interest rates.
• 1st Time Advantage 6​000 - PDF - 398.94 KB: Comes with a $6,000 loan for down payment and closing costs.  May be layered with Partner Match funding, if applicable.
• 1st Time Advantage 3% Loan - PDF - 397.08 KB: Comes with a DPA loan equal to 3% of the first mortgage.
• 1st Time Advantage 4% Loan - PDF - 378.22 KB: Comes with a DPA loan equal to 4% of the first mortgage.
• 1st Time Advantage 5% Loan - PDF - 1.61 MB: Comes with a DPA loan equal to 5% of the first mortgage.
• HomeStart 6% DPA Loan - PDF - 297.72 KB: For borrowers whose qualifying income is 50% or less of the Area Median Income (AMI). Comes with a DPA loan equal to 6% of the first mortgage.

1st Time Advantage flyers

• 1st Time Advantage 5% Loan Flyer - PDF - 1.61 MB
• HomeStart 6% DPA Loan Flyer​ - PDF - 1.4 MB

Maryland SmartBuy loan product

For first-time homebuyers with student debt.  Learn more about Maryland SmartBuy loan product.

• Maryland SmartBuy 3.0 Fact Sheet​ - PDF - 273.5 KB
• Maryland SmartBuy 3.0 Flyer - PDF - 2.65 MB

​HomeAbility loan product

For first-time homebuyers with disabilities (or resident guardians). Learn more about HomeAbility loan product.

• ​HomeAbility​​ Fact Sheet - PDF - 220.45 KB
• HomeAbility Flyer - PDF - 3.17 MB

First-time or repeat homebuyer loan products

MMP Flex loans are 30-year, fixed-rate home loans for first-time or repeat homebuyers. Some Flex products include down payment assistance through a no-interest, deferred loan. Learn more about Flex loan products

• Flex Direct - PDF - 117.04 KB: No down payment assistance (DPA) available, but usually offers our most competitive interest rates to repeat homebuyers.​
• ​Flex 3% Loan - PDF - 123.05 KB: Comes with a DPA loan equal to 3% of the first mortgage.
• Flex 6​000 - PDF - 123.2 KB: Comes with a $6​,000 loan for down payment and closing costs. May be layered with Partner Match funds, if applicable.

Montgomery County programs

These two programs provide down payment and closing cost assistance for eligible first-time homebuyers in Montgomery County. Learn more about Montgomery County specialty products​.

Montgomery County program fact sheets

• Montgomery County Homeownership ​Program​ - PDF - 197.57 KB
• Montgomery Employee Down Payment Assistance Loan (MEDPAL) - PDF - 334.8 KB

Federal Housing Administration Limited​ 203(k) Loan

The Federal Housing Administration (FHA) Limited​ 203(k) Loans product helps Maryland homebuyers purchase, restore and modernize a home in Maryland. Learn more about FHA Limited 203(k) loan product.

• FHA Limited 203(k) Loan Fact Sheet - PDF - 185.97 KB

Pathway to Purchase in Prince George's County

For eligible homebuyers purchasing a home in Prince George's County. Learn more about Pathway to Purchase in Prince George's County.

• Pathway to Purchase in Prince George's County Flyer​ - PDF - 468.86 KB

97% Conventional Refinance loan product

The 97% Conventional Refinance program allows homebuyers to refinance loan with interest rate fixed for 30 years.

• 97% Conventional Refinance Fact Sheet - PDF - 555.31 KB

Mortgage Credit Certificate program

Closed to new reservations. Existing certificates can be re-issued for refinancing. The Maryland HomeCredit (Mortgage Credit Certificate) program provides an annual federal tax credit on mortgage interest. Learn more about Maryland HomeCredit Program​.

• Maryland HomeCredit Fact Sheet - PDF - 675.96 KB

Additional down payment assistance

Many organizations partner with MMP to provide grants or loans to help homebuyers. Learn more about Partner Match Programs.

• Partner Match Programs​ Fact Sheet - PDF - 170.27 KB