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M & T Bank -
M & T Bank

Program Overview

M & T Bank - is a program to assist low & moderate income individuals and families to purchase a home. Available statewide

Property Eligibility Requirements

Available throughout Maryland for eligible borrowers. The sales price cannot exceed $ 417000. Allowable property types: single-family, townhouse

Benefit Details

Face-to-face homeownership counseling is required. Benefit: Lower mortgage insurance rate; 2% unsecured loan (10 year-term) towards downpayment and closing cost loan may be added (not to exceed a combined LTV of 105%. Loan Term: 30 yrs. years Homebuyer Counseling / Education Required: Yes Owner Occupancy Required: Yes Other Program Comments: Borrower may obtain a lower interest rate by having an automatic payment deduction and/or an M & T account.

Please note: Every attempt is made to reflect accurate and up to date information on housing programs displayed on this site. Some inaccuracies may exist. For verification contact a certified REALTOR member or a participating Lender.