Maryland Statutes
§ 19-806
Maryland § 19-806
This text of Maryland § 19-806 is published on Counsel Stack Legal Research, covering Maryland primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Md. Code Ann., Local Government § 19-806 (2026).
Text
(a)(1) A program shall require a down payment of at least 10% of the purchase price of the dwelling.
(2)(i) The down payment may be in the form of cash or real property owned by a mortgagor on which a dwelling has been constructed.
(ii)If the down payment is in the form of real property, the property shall be valued at the lesser of its purchase price or appraised value.
(b)An individual mortgage loan authorized under a program may not exceed $90,000.
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Bluebook (online)
Maryland § 19-806, Counsel Stack Legal Research, https://law.counselstack.com/statute/md/glg/19-806.