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Provides updated guidance as of January 28, 2026, outlining purposes, participating parties, lender approval, interest rate considerations, and key resources. Details loan application and reservation procedures, borrower eligibility and ownership rules, targeted and non-targeted area purchasing, underwriting and income/asset requirements, and property and loan-proceeds restrictions. Includes compliance review and submission steps before and after closing, escrow holds, closing instructions, and mortgage insurance or guaranty requirements, plus mandatory homebuyer education and down payment assistance loan/grant eligibility.",{"@graph":69,"@context":122},[70,84,105],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":40,"@type":76,"position":81},"https://docshare.wps.com/document/research-report/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/compliance-manual-for-the-maryland-mortgage-program-updated-january-28-2026/646404/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/compliance-manual-for-the-maryland-mortgage-program-updated-january-28-2026/646404.png","ImageObject",300,407,{"name":92,"@type":93},"xXChrisXx","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-24","2026-10-23",true,{"@type":102,"interactionType":103,"userInteractionCount":8},"InteractionCounter",{"@type":104},"ViewAction",{"@type":106,"mainEntity":107},"FAQPage",[108,114,118],{"name":109,"@type":110,"acceptedAnswer":111},"What programs are covered by the compliance manual?","Question",{"text":112,"@type":113},"The manual covers the Maryland Mortgage Program, the Downpayment and Closing Cost Assistance Program, and the Maryland HomeCredit Program.","Answer",{"name":115,"@type":110,"acceptedAnswer":116},"Which part of the manual explains loan application and reservation procedures?",{"text":117,"@type":113},"Section 1 covers application requirements, loan reservation, deadlines, reservation pipeline reporting, and reservation restrictions.",{"name":119,"@type":110,"acceptedAnswer":120},"How does the manual address borrower and property eligibility requirements?",{"text":121,"@type":113},"Section 2 details general borrower eligibility, taking title rules, first-time buyer and ownership interest conditions, targeted vs. non-targeted area purchasing, underwriting, income and asset requirements, property requirements, and prohibited uses of loan proceeds.","https://schema.org",{"og:url":83,"og:type":124,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":126,"canonical":83},"index,follow",{"doc_id":128,"site_id":62},646404,1792811699,{"code":4,"msg":5,"data":131},{"doc_id":128,"user_id":132,"nickname":92,"user_avatar":133,"doc_module":4,"category_id":39,"category_name":40,"doc_title":65,"doc_description":67,"doc_content":134,"file_id":135,"file_url":136,"file_type":137,"file_size":138,"view_count":8,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":139,"language":140,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":141,"faqs":142,"seo_title":143,"seo_description":67,"update_tm":144,"read_time":145},8796112263567,"https://ap-avatar.wpscdn.com/davatar_3d24733baf745e90a7e4bdd5f77d97b2","COMPLIANCE MANUAL FOR  \nTHE MARYLAND MORTGAGE PROGRAM,  \nTHE DOWNPAYMENT AND CLOSING COST ASSISTANCE PROGRAM, AND  \nTHE MARYLAND HOMECREDIT PROGRAM  \nUpdated January 28, 2026  \n(The information in this document is current at the time of publication. Please check with all the third parties involved in your transaction for any updates at the time you are reserving an MMP loan to ensure the loan fully complies with all the applicable requirements.)  \nTable of Contents  \nPURPOSE ………………………………………………………………………………………………………4  \nMARYLAND MORTGAGE PROGRAM WEBSITE ................................................................................. 4  \nPROFESSIONAL PORTAL ................................................................................................................... 4  \nMASTER SERVICER – U.S. BANK........................................................................................................ 5  \nAPPROVAL OF PARTICIPATING LENDERS ........................................................................................ 5  \nLENDER MINIMUM ACTIVITY ............................................................................................................... 6  \nINTEREST RATES................................................................................................................................. 6  \nRESOURCES – WEBSITES .................................................................................................................. 7  \nCOMMON ACRONYMS ........................................................................................................................... 8  \nSECTION 1-LOAN APPLICATION AND RESERVATION PROCEDURES ........................................... 9  \n1.1 APPLICATION REQUIREMENTS ..................................................................................... 9  \n1.2 LOAN RESERVATION .................................................................................................... 10  \n1.3 DEADLINES.................................................................................................................... 10  \n1.4 RESERVATION PIPELINE REPORT .............................................................................. 10  \n1.5 RESERVATION RESTRICTIONS.................................................................................... 11  \nSECTION 2-COMPLIANCE REQUIREMENTS ................................................................................... 13  \n2.1 GENERAL BORROWER ELIGIBILITY ............................................................................ 13  \n2.2 TAKING TITLE ................................................................................................................ 14  \n2.3 FIRST-TIME HOMEBUYER AND PRESENT OWNERSHIP INTEREST .......................... 14  \n2.4 PROHIBITED OWNERSHIP INTERESTS IN CERTAIN PROPERTY .............................. 15  \n2.5 TARGETED AREAS, PRIORITY FUNDING AREAS, SUSTAINABLE COMMUNITIES... 16  \n2.6 PURCHASING IN A “NON-TARGETED AREA”............................................................... 17  \n2.7 UNDERWRITING ............................................................................................................ 19  \n2.8 ELIGIBILITY INCOME ..................................................................................................... 20  \n2.9 ASSETS.......................................................................................................................... 28  \n2.10 PROPERTY REQUIREMENTS ....................................................................................... 30  \n2.11 INELIGIBLE USE OF LOAN PROCEEDS........................................................................ 35  \nSECTION 3-COMPLIANCE REVIEW AND SUBMISSION.................................................................. 36  \n3.1 PRE-CLOSING COMPLIANCE ....................................................................................... 36  \n3.2 ESCROW HOLDBACKS .........................................","cbCaigsogaOXEgFx","https://ap.wps.com/l/cbCaigsogaOXEgFx","pdf",657102,58,"English","# Purpose\n## Maryland Mortgage Program Website\n## Professional Portal\n## Master Servicer – U.S. Bank\n## Approval of Participating Lenders\n## Lender Minimum Activity\n## Interest Rates\n## Resources – Websites\n## Common Acronyms\n# Section 1-Loan Application and Reservation Procedures\n## Application Requirements\n## Loan Reservation\n## Deadlines\n## Reservation Pipeline Report\n## Reservation Restrictions\n# Section 2-Compliance Requirements\n## General Borrower Eligibility\n## Taking Title\n## First-Time Homebuyer and Present Ownership Interest\n## Prohibited Ownership Interests in Certain Property\n## Targeted Areas, Priority Funding Areas, Sustainable Communities\n## Purchasing in a “Non-Targeted Area”\n## Underwriting\n## Eligibility Income\n## Assets\n## Property Requirements\n## Ineligible Use of Loan Proceeds\n# Section 3-Compliance Review and Submission\n## Pre-Closing Compliance\n## Escrow Holdbacks\n## Closing Instructions\n## Post-Closing Compliance\n## Electronic Signatures\n# Section 4-Mortgage Insurance/Guaranty\n## Conventional Uninsured and Insured (LTV 80% or Greater)\n## Loans with LTV Ratios Greater Than 80%\n# Section 5-Homebuyer Education\n## Mandatory\n## Requirements\n# Section 6-Down Payment Assistance Loans and Grants\n## Eligible Jurisdictions\n## Eligible Settlement Expenses\n## Eligible First Mortgages\n## Loan Reservation\n## Lien Position\n## Title Insurance","[{\"question\":\"What programs are covered by the compliance manual?\",\"answer\":\"The manual covers the Maryland Mortgage Program, the Downpayment and Closing Cost Assistance Program, and the Maryland HomeCredit Program.\"},{\"question\":\"Which part of the manual explains loan application and reservation procedures?\",\"answer\":\"Section 1 covers application requirements, loan reservation, deadlines, reservation pipeline reporting, and reservation restrictions.\"},{\"question\":\"How does the manual address borrower and property eligibility requirements?\",\"answer\":\"Section 2 details general borrower eligibility, taking title rules, first-time buyer and ownership interest conditions, targeted vs. non-targeted area purchasing, underwriting, income and asset requirements, property requirements, and prohibited uses of loan proceeds.\"}]","Compliance Manual for the Maryland Mortgage Program - Updated January 28, 2026 | PDF",1792760319,146]