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First-time Baltimore homebuyers must obtain a counseling certificate from a City-approved housing counseling agency. After the buyer has received the certificate, the borrower signs a contract to purchase and obtains a loan commitment. Then, the counseling agency will complete the CDBG program application. The loan amount is $5,000.
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This loan may be combined with the City Employee loan program or the Trolley Tour program. | Homebuyer Counseling / Education Required: |
Yes | | Owner Occupancy Required: | Yes | | Other Program Comments: | HQS inspection required. No peeling, flaking, chipping paint inside or outside on the property. |
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