If you’ve been considering a purchase in Baltimore City, but just don’t have the saving for a down payment and closing costs, we’ve got some amazing news for you. Below are some are amazing programs to help offset down payment and closing costs and possibly get you in your new home for no money out of pocket.
Borrow 3%, 4%, or up to 5% at 0% interest to cpver your downpayment or closing costs. The loan is paid off when you sell the home or at the end of your 30-year mortgage term.
Buying in Baltimore Trolley Tour. How easy is this one? If you participate in the tour which views homes currently on the market, you could receive $5000 towards down payment & closing cost. (The tour is offered 3 times per year)
Live Near Your Work. If your employer participates in the program the city will match up to $2500 as a true grant that never requires repayment.
Vacant to Value. This program provides a $10,000 towards down payment and closing cost allowance that is forgiven after 5 years of ownership.
Baltimore City Employee Assistance. Can receive a $5000 loan that is forgiven after 5 years.
-Buy the home you currently rent or in the area you currently rent. You could receive a $10,000 non-paid grant
Let up help you find the best options to purchase a home and receive down payment assistance. It’s time to break out of your lease, stop paying your landlord’s mortgage, and purchase your new home!
We’d love to help you! Partner with The Roskelly Team and Mainstreet Mortgage and we’ll guide you through the process. Contact us today at (410) 721-6694 or apply online.
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