Maryland Mortgage Program House Keys 4 Employees

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Maryland Mortgage Program House Keys 4 Employees

Partner Match Programs are designed to offer eligible borrowers who are using a Maryland Mortgage Program (MMP) loan with additional assistance for down payment and/or closing costs. These programs are offered by participating employers who provide assistance to qualified borrowers according to established criteria. The Department of Housing and Community Development matches the funds provided by the employer dollar-for-dollar, up to a maximum of $2,500. The matching funds are provided in the form of a 0% deferred loan which must be repaid when the home is sold or transferred, or when the first mortgage is paid off or refinanced. House Keys 4 Employees funds are applicable to MMP Flex 5000 or MMP 1st Time Advantage 5000 loans. The total amount of assistance that may be obtained depends on the level of participation by the employer.

The Smart Keys 4 Employees program may also be used as an add-on to this program if the property is located in Baltimore City, but it is not an individual program. Smart Keys 4 Employees provides $1,000 in the form of a 0% deferred loan which is repayable when the home is sold or transferred, or when the first mortgage is paid off or refinanced.

Eligibility Requirements 

  • The homebuyer’s employer must be a partner in the program
  • Employers may limit the program based on location, income, employment status, or other criteria of their choosing. Homebuyers should speak with their employers to be sure they meet all requirements.¬†
  • The property must be located in Baltimore City if using the Smart Keys 4 Employees Add-On

Contact Information

Maryland Department of Housing and Community Development, Maryland Mortgage Program
Website

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