Loan Program Matrix – Maryland Loan Programs Available to You

ProgramDown Payment3rd Party ContributionCredit ScoreOccupancyProgram Notes
Conventional Loan5%>90% = 3%
75.01 - 90% = 6%
75% or less = 9%
620Primary, 2nd Home, or Investment-Lender Paid Mortgage Insurance available.
-Non-Owner occupied co-signers allowed.
-Mortgage insurance can be removed without financing.
Conventional 97%3%3%620PrimaryAt least 1 borrower must be a First Time Homebuyer
Primary OnlyBorrower friendly, less restrictive guidelines.
Allows for higher debt ratios. Co-signers allowed.
USDA0%No cap620Primary OnlyReduced mortgage insurance.
Geographical income restrictions apply.
Closing Costs and prepaids may be financed up to appraised value.
Primary OnlyFor active service men and women and veterans.
No monthly mortgage insurance.
203k Rehab loan Streamline and Full3.5%6%620Primary OnlyAllows homeowner to complete repairs on home.
Similar guidelines as standard FHA loans. Borrower can choose contractor.
Fannie Mae Homestyle Renovation5%3%640Primary OnlyAny type of renovation is allowed.
10% of value allowed to be Do-it-Yourself work.


Primary, 2nd Home, Investment PropertyAllows buyers to obtain loans above the county loan limit. Loan amounts up to $4 Million.
80-10-1010%3%720PrimaryHelps avoid mortgage insurance. Co-signers not allowed.
FHA3.5%6%660PrimaryAllows for lot acquisition/construction with single closing.
VA0%4%660PrimaryAllows for lot acquisition/construction with single closing.
Conventional10%6%680PrimaryAllows for lot acquisition/construction with single closing.
*with exception


Have any questions about one of the loan programs listed above? Give us a call at 443-692-8800 so we can help!



Are you thinking of buying or selling a home, or have a friend or family member who is? Contact The Pivec Group today by calling 443-692-8800 or visiting our website! We look forward to hearing from you and helping you find YOUR dream home!Loan Program Matrix