by Brandon Scott

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 does not provide financing independent of a lender.​

But the reality is that this program is a layered cake of goodness. There really is a suite of programs that are available to assist an individual with obtaining a home in Maryland. I can’t highlight how amazing the opportunities are for someone looking to purchase a home in Maryland. My drive for making this video comes on the heels of two buyers I just closed that used the Maryland Mortgage program. Once everything was said and done, these individuals ended up paying less than $3,000 each to get into their home. This was largely in part to the money I was able to secure through seller concessions, on top of the Maryland Mortgage program. I have always been a proponent of down payment assistance but, this last transaction really drove home the power of being an advocate for my clients in combination with the power of these programs. So, I wanted to dig a little deeper into other programs that are offered through the MMP and bring you along with me.

In fact, another really dynamic aspect of the MMP is their Partner Match Program. Through this program your employer or organizations match funds toward the purchase of your home. The matching comes as a zero percent loan and are repayable when the first mortgage gets paid. What does this mean? You don’t have to pay these funds back until you sale the property or refinance it – refinancing creates a new loan and would result in the first mortgage being paid off.

The Many people miss out on these monies because they dive into the homebuying process, in lieu of making a plan. The Partner Match goes with any of the MMP programs except the Smartbuy program – student loan payment. The Partner Matching provided by MMP is $2,500 and the employer or community entity can contribute as much toward your home purchase. But if the organization or employer gives less than $2,500 then MMP will match the amount provided.

Reach out with the approved lender to get started and let them know you want to use the program. As long as you qualify for the MMP this is an additional option that’s available to you, and more funds to help you fill the gap. Remember, in addition to an employer, there are programs and community organizations that also provide down payment and closing cost assistance. And, the power of this is that you’re able to leverage many of these programs on top of the other.



Brandon Scott is a licensed real estate agent in Washington, DC, Maryland and Virginia. His license hangs with Coldwell Banker Dupont-Logan, DC. He’s been involved in the mortgage finance industry for the last 16 years in various fields. You can reach him by email at [email protected]. Subscribe to his YouTube Channel at RealTeaDMV