Household income must fall within specified limits, which vary by county and household size.
This latest version allows you to purchase any home in Maryland that meets MMP guidelines.
You must complete an approved homebuyer education class .
If you live in the home as your primary residence for five years , the student debt is completely wiped out at no cost to you.
The program requires that your full remaining student debt balance be paid off at closing. If your debt exceeds the program's cap, you must pay the difference out-of-pocket. Key Qualifications
To participate, you generally must meet the Maryland Mortgage Program (MMP) requirements:
Typically requires a minimum credit score of 640 to 720 , depending on the specific loan product.
Most participants must be first-time homebuyers, though exceptions exist for certain "Targeted Areas".
Household income must fall within specified limits, which vary by county and household size.
This latest version allows you to purchase any home in Maryland that meets MMP guidelines.
You must complete an approved homebuyer education class . maryland smart buy program
If you live in the home as your primary residence for five years , the student debt is completely wiped out at no cost to you.
The program requires that your full remaining student debt balance be paid off at closing. If your debt exceeds the program's cap, you must pay the difference out-of-pocket. Key Qualifications Household income must fall within specified limits, which
To participate, you generally must meet the Maryland Mortgage Program (MMP) requirements:
Typically requires a minimum credit score of 640 to 720 , depending on the specific loan product. If you live in the home as your
Most participants must be first-time homebuyers, though exceptions exist for certain "Targeted Areas".