November 30th, 2023 by WCBC Radio
Maryland’s Department of Housing and Community Development has issued the largest mortgage revenue bond in the agency’s history. Proceeds from the $400 million bond may be used to finance affordable, mortgage loans for first-time homebuyers through the Maryland Mortgage Program. The program has been the state’s flagship homeownership source for more than 40 years, providing fixed-rate mortgages along with other mortgage products. Borrowers can receive additional down payment and closing cost assistance, helping to address one of the biggest barriers for many homebuyers. For more information, visit mmp.maryland.gov.
