MMP Flex 6000

What is MMP Flex 6000?

MMP Flex 6000 is a deferred second loan for homebuyers in Statewide, Maryland.

• Maryland DHCD MMP Flex 6000 - non-bond TBA-funded MMP first with FLAT $6,000 deferred 0% DPA second. NO FTHB requirement. NO recapture tax. 640 FICO. Statewide.
• Maryland DHCD's MMP Flex 6000 is the non-bond, TBA-funded MMP product providing a flat $6,000 DPA second mortgage. Pairs with a 30-year fixed-rate MMP first mortgage sold into the TBA MBS market. Because Flex is NOT bond-funded, there is NO IRS Section 143 recapture tax, and the FIRST-TIME-HOMEBUYER REQUIREMENT IS WAIVED. The $6,000 second is a 0% non-amortizing deferred soft second - no monthly payment, due on sale/refinance/transfer/payoff. Typically delivers the LOWEST first-mortgage note rate of the MMP Flex options because the DPA dollar amount is small / fixed. Income up to $229,460 (3+ person targeted). 640 FICO, 45% DTI. Homebuyer education required.
• Funding comes from State and TBA.

How much assistance does it provide?

MMP Flex 6000 offers up to $6,000 in assistance.

• Buyer contribution: No mandatory MMP minimum borrower contribution; agency overlays may impose minimum.
• The program can be combined with other assistance, subject to the rules of each.
• Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

Do you have to pay it back?

MMP Flex 6000 is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off.

• Repayment is triggered by 0% deferred soft second. Full $6,000 due on sale/refinance/transfer/payoff/non-owner-occupancy. No monthly payment. No forgiveness.
• The assistance is recorded in 2nd Lien position.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

MMP Flex 6000 is open to buyers who will live in the home as their primary residence.

What are the income limits?

MMP Flex 6000 limits household income to $229,460.

• The limit applies to total household income, not only the borrower’s.
• Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

MMP Flex 6000 caps the purchase price at $1.5M.

• Eligible property types include Single-family detached, 2-unit owner-occupied (per overlays), condo (approved), townhouse, PUD.
• New construction is eligible.
• Manufactured homes are not eligible.

Is there eligibility for specific groups?

MMP Flex 6000 names veterans, active-duty service members, reservists and National Guard members, and surviving spouses among the groups it serves.

• Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

Where does it apply?

MMP Flex 6000 serves buyers purchasing in Statewide, Maryland.

• The program targets specific areas: High-cost MD counties have elevated income / purchase-price limits.

How do you apply?

Applications for MMP Flex 6000 go through the administering agency, which publishes the current terms and the application steps on its own site.

1. 1

   Take a homebuyer education course

   Required by the program, through MMP-approved homebuyer education provider network..

2. 2

   Contact the administering agency to reserve funds

   Funds are reserved through Reserved through MMP Lender Online portal at rate lock. Daily TBA rate sheet., and are subject to availability.

3. 3

   Work with a lender who handles the program

   Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.