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Baltimore City CDBG First Time Homebuyer Program
Baltimore City Department of Housing
www.baltimorehousing.org

Contact


Michael Guye
Office of Homeownership 417 E. Fayette St., Suite 1101
Baltimore Maryland 21202
410-396-3124

Marva Allette
Office of Homeownership
Baltimore Maryland
410-396-3124

Program Overview


Baltimore City CDBG First Time Homebuyer Program is a $5,000 five-year forgivable loan to first-time homebuyers to assist with downpayment and settlement expenses.


Property Eligibility Requirements


Property must be located in Baltimore City.


Benefit Details


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 and 20% is forgiven at the end of each year that the buyer resides in the house.

Benefit: This loan may be combined with the City Employee loan program or the Trolley Tour program.
Loan Term:5 years
Homebuyer Counseling /
Education Required:
Yes
Owner Occupancy Required:Yes
Other Program Comments:Housing Quality Standard (HQS) inspection required. No peeling, flaking, chipping paint inside or outside on the property.

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.



For more information about this and other homebuyer programs please contact one of the following:

Workforce Housing Certified REALTOR®

 

Find a participating Lender