Maryland · Deferred 0% loan

MMP 1st Time Advantage

Up to 5% DPA, 0% deferred

30-year fixed with up to 5% DPA as 0% deferred second mortgage. Repaid on sale or refinance.

Maryland's 1st Time Advantage provides up to 6% of the purchase price in DPA for first-time buyers. The generous percentage means substantial dollar amounts in Maryland's expensive markets — up to $30,000 on a $500,000 home.

AmountUp to 5% DPA, 0% deferred

TypeDeferred 0% loan

Available inMaryland

First-time buyer requiredYes

Minimum credit score640

Multi-unit eligibleYes — 1-4 units

House-hack eligible

This program can be used on 1-4 unit properties. Live in one unit, rent the others.

Programs that pair with this

FHA Loan Saves ~$33,000 on a $200K home vs 20% down

Federal · Subsidized loan

VA Loan $0 down + no monthly mortgage insurance

Federal · Federal benefit

NACA Program $0 down + $0 closing + $0 PMI + below-market rate

National · Nonprofit program

MMP Flex ($5K or 3%) $5,000

Maryland · Deferred 0% loan

Maryland SmartBuy 3.0 $20,000

Maryland · Forgivable loan

MMP HomeAbility $45,000

Maryland · Deferred 0% loan

All Maryland programs →

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