The Maryland Mortgage Program Supplied $13.5 Million Down Payment Assistance In 2015

Maryland first time home buyers had a record year in 2015, receiving $444 million worth of mortgages in Fiscal Year 2015 from the Maryland Mortgage Program (MMP). The program also offered 2,233 families down payment assistance totaling more than $13.5 million.

The reports:

Governor Larry Hogan announced Sept. 24 that for the first time since the creation of the Maryland Mortgage Program (MMP) in 1977, the state finished a fiscal year helping families obtain a home in all 24 of the state’s jurisdictions.

Administered by the Maryland Department of Housing and Community Development (DHCD), the program has been widely accessed throughout Central Maryland, and has been active on the Eastern Shore, and in the D.C. Metro area and Southern Maryland.

However, MMP had never purchased a mortgage in each of the state’s 23 counties and Baltimore City— that is, until the state closed the books on Fiscal Year 2015.

“I want every corner of Maryland to know that state government is working for them,” Governor Larry Hogan said.

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