Loan Options
Maryland Mortgage Program
Maryland Mortgage Program (MMP)
The Maryland Mortgage Program (MMP) provides 30-year fixed-rate home loans to eligible homebuyers purchasing in Maryland. Loan terms are competitive with other home loan products on the market, but what makes MMP unique is the range of associated financial incentives and other assistance that, for many homebuyers, means the difference between being able to purchase and continuing to rent. MMP down payment assistance can only be obtained with an MMP first mortgage; it is not a standalone option.
Student Loan Debt Assistance
Maryland SmartBuy is a program that makes selected state-owned homes available for sale, and allows eligible homebuyers to use special MMP financing to pay off their outstanding student debt as part of the home purchase. Other programs may be available for limited times for targeted locations or eligible groups.
Down Payment and Closing Cost Assistance
Down payment and closing cost assistance is money that you can use to meet the requirements for securing a home loan, and which makes the purchase a of a home more affordable. Funds available for down payment and closing costs may be provided in the form of a grant or as a deferred, no-interest loan.
MMP Benefits
- First Time Homebuyers
- Homebuyer Education
- Higher Income Limits for Targeted Areas
- 30 Year Fixed Rate Home Loan
- Down Payment Assistance & Grants
- Mortgage Credit Certificates (MMC)
- Student Debt Assistance
- Specialty Loans & Mortgage Enhancements
Get Started on Your Journey Home
Knowledge Base
2021 – The Year For The Home Buyer And Seller
By: David H Stevens, CMB In my almost forty years in the real estate and mortgage finance business, there have been a variety of cycles …
David H. Stevens Named New Advisor to the George Mason Mortgage Board of Directors
David H. Stevens, CMB, (Dave) is a 36 year veteran of the Mortgage Banking industry. Dave served as the President and CEO of the Mortgage …
What to Expect From a Biden Regime
David H Stevens, CMB is the CEO of Mountain Lake Consulting, Inc and an advisor to George Mason Mortgage. David was the CEO of the …
The Federal Reserve, the Housing Market, and Mortgage Rates
The housing economy is one of the remarkable stories we will remember about the COVID experience in the USA. In March when the nation shut …
FHFA Announces Conforming Loan Limits for 2021
Fannie Mae and Freddie Mac Baseline Limit Will Increase to $548,250 Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced the maximum conforming loan …
Have You Heard? Refinance and Remove FHA Mortgage Insurance
Refinancing your FHA loan to a conventional mortgage may clear room in your monthly budget, especially with interest rates hovering at historic lows. FHA Mortgage …