BALTIMORE-The state-run mortgage program of Maryland, MarylandMortgage Program, is offering a new loan product that is intendedfor residents purchasing new homes for rehabilitating purpose. Theacquisition rehabilitation loan will enable eligible buyers toborrow through the MMP for the purpose of purchase, repairs andrenovations.
The borrowers can also avail assistance from the state inmatters of down payment and settlement costs. The main aim of theprogram is to bring about stability in the neighborhood.For the full story, go to The Baltimore Sun.
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