Do I have to be a first-time buyer for MMP SmartBuy 3.0?

Yes. The program lists a first-time buyer requirement.

Is there an income limit?

Yes. The listed income limit is County-based.

What credit score does MMP SmartBuy 3.0 list?

The listed minimum credit score is 640.

MMP SmartBuy 3.0

MMP SmartBuy 3.0 is a 5-yr forgivable for student debt from MMP. Available statewide in Maryland. Up to $20,000 toward a home purchase. For first-time buyers. Income limit: County-based.

Up to $20,000

Listed as open as of May 2026

Available statewide in Maryland.

First-time buyer	Required
Income limit	County-based
Minimum credit score	640
Maximum DTI	50%
Homebuyer education	Required (HFA-approved (Framework, eHome, NeighborWorks, etc.))
Occupations	MD borrowers w/ student debt
Property types	1-4 family, condo
Occupancy	Owner-occupied primary
Eligible loan products	FHA/Conv
Sales price cap	Per county
Repayment	Forgiven 5 yrs
Forgivable	Per program structure
Stacking	Stacks with 1st Time Advantage

Source MMP·official program page·Listed May 2026

Cal has not re-checked this listing recently. Confirm the current terms with the program administrator before relying on them.

Provider: MMP · program details at the provider’s site.

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More Maryland programs

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MMP HomeAbility

0% int deferred 2nd · Up to $45,000
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0% int deferred 2nd · Amount varies by program
MMP Partner Match

1:1 match with employer/builder · Up to $2,500
MMP 1st Time Advantage DPA (3%/4%/5%/6000)

deferred_loan · Up to $6,000 or Up to 5%
MMP Flex Loans (5000/6000/3%/4%/5%)

deferred_loan · Up to $6,000 or Up to 5%
Maryland SmartBuy 3.0

forgivable_loan · Up to $30,000 or Up to 15%