Maryland Mortgage Program offers buyers down payment assistance throughout Maryland, Virginia and the District of Columbia. There is some confusion about this program though because there are different monies available underneath the umbrella of the Maryland Mortgage Program. One of our preferred lenders is providing details about the different programs so you can have a better understanding of what programs are available for buyers as it relates to the MMP program only.*  SELP (Settlement Expense Loan Program) - This is the staple of the Maryland Mortgage Program and offers $5,000 to first time home buyers unless they are buying in a targeted area and then they can be second time home buyers.  If a buyer is working for an employer on their House 4 Keys list they will be eligible for more down payment assistance.  And, if they live within 10 miles of the house they are buying they are eligible for even more money through the Smart Keys program.  All money received through this … [Read more...]