Maryland Mortgage Programs You Should Know About (Plus One That’s a Game-Changer)
- Kat Moore — The German Realtor®
- Aug 15
- 3 min read
If you’ve been following my recent blogs, you know we’ve talked about buying a mobile home in Maryland and how to finance it. Today, we’re taking it a step further — because Maryland has some pretty great mortgage programs you might not even know exist.
And at the end, I’m sharing a bonus program that’s been helping my clients buy before they sell (and it’s making Realtors like me do a little happy dance).
1. Maryland Mortgage Program (MMP)
The backbone of Maryland’s state-run housing help.
Offers competitive interest rates and down payment assistance.
Works with FHA, VA, USDA, and conventional loans.
Designed to make homeownership more affordable for first-time buyers and certain repeat buyers.
Mobile home note: Applies only to real property (permanently affixed homes with land ownership).
2. Flex 5000 & Flex 3%
Extra flexibility for your budget.
Flex 5000: $5,000 in closing cost assistance.
Flex 3%: A grant equal to 3% of the loan amount (no repayment required).
Can be layered with other programs for even more help.
3. HomeAbility
Specialized support for buyers with disabilities.
Offers higher income limits and additional assistance to cover accessibility needs.
Tailored for households with at least one buyer or household member with a disability.
4. Partner Match Programs
Because sometimes it’s all about teamwork.
If your employer, union, builder, or nonprofit offers homebuyer assistance, the state will match their contribution up to $2,500.
That’s free money to put toward your down payment or closing costs.
Can be combined with other MMP loans for a bigger impact.
5. Bridge / Equity Advance Program (The Game-Changer – details presented by Bill Saunders, Branch Manager, Guild Mortgage)
This one isn’t part of the MMP, but it’s worth knowing.
Lets you use the equity in your current home before you sell it.
Removes the home sale contingency, so your offer is stronger.
Covers down payment, closing costs, and even:
Up to $10,000 in cosmetic repairs on your current home.
Up to $5,000 for moving expenses.
You make no mortgage payments for 6 months on your current home while it’s for sale.
Minimum 620 credit score and primary residence to primary residence only.
Eligible for single-family homes and townhomes (no condos or 50+ communities).
How These Work With FHA, VA, USDA, and Conventional Loans
MMP, Flex, HomeAbility, and Partner Match can pair with FHA, VA, USDA, or conventional loans — meaning you still get the benefits of those loan programs plus the Maryland-specific perks.
The Bridge / Equity Advance Program is separate but can be used alongside standard financing for your new home.
Final Thoughts
Maryland’s mortgage programs aren’t just for first-time buyers — and they’re not all buried in fine print. Whether you need help with a down payment, want to match employer funds, or need to buy before you sell, there’s likely a program that fits your situation. Always make sure to work with a qualified lender or mortgage broker you trust and a real estate agent (that’s me 👋) for guidance on your side. Together, we can make sure you choose the right program and navigate the process with confidence.
P.S. If you missed my earlier blogs on buying a mobile home and financing options in Maryland, they make great companion reads to this one.
Kat Moore | Realtor | AdvisorSamson Properties
📞 410-414-5967 (cell), 443-975-7555 (office)
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