ANNAPOLIS, Md. -- The Maryland Mortgage Program is pleased to announce that the Loan-to-Value Ratio for SmartBuy 3.0 is increasing from 95% to 97% for reservations dated on or after September 26th.
There is no change to the Combined Loan-to-Value Ratio, which remains at 105%. This update along with the recent changes increasing student debt payoff up to $50,000 and expanded DPA options, make SmartBuy 3.0 even more attractive for homebuyers with student debt.
As always, we appreciate your continued participation in our programs. If you have any questions concerning this directive or suggestions for improvements, please email [email protected].