The First-Time Homebuyer Product is provided for the purchase or purchase and rehabilitation of a home. Eligible properties include owner-occupied 1-4 family properties, townhouses, condos, foreclosed properties, cooperatives, manufactured and mobile housing, and new construction (within 30 days of closing).
The Buy Back the Block program provides grants to Baltimore City residents living in and purchasing within the grant-eligible Baltimore City area. These grants do not have to be repaid. The $15,000 home purchase grant reduces the amount of money you will need up front to buy a home. The $20,000 home purchase & renovation grant reduces the amount of money you will need up front to buy and renovate a home.
The First-Time Homebuyers Incentive Program (formerly Community Development Block Grant (CDBG) Homeownership Assistance Program) provides $10,000 in down payment and closing cost assistance to eligible first-time homebuyers purchasing a home in Baltimore City. Participants who qualify for this program, may also qualify for the Direct Homeownership Assistance Program.
The Chenoa Fund is a down payment assistance (DPA) program provided by CBC Mortgage Agency, a federally chartered government entity. It helps creditworthy borrowers who qualify for a mortgage but lack the funds needed for a down payment.
The Direct Homeownership Assistance Program provides down payment and closing cost assistance to eligible first-time homebuyers who (a) purchase the house they have rented and occupied for at least six months, or (b) have a household member with a disability.
The Maryland Mortgage program provides several options for down payment and closing costs assistance , some in the form of deferred loans
The Live Near Your Work program is a partnership between Baltimore City and participating employers to encourage homeownership near places of employment. Baltimore City matches employers’ contributions between $1,000 and $2,500 in the form of a grant. The total amount of assistance depends on the employer’s participation.
The Buying Into Baltimore down payment and closing cost assistance incentive is awarded by lottery 12 business days after Live Baltimore’s Trolley Tour event. Twenty homebuyers will be selected to receive funds from a pool of eligible applicants. Homebuyers must attend and complete all requirements of the Trolley Tour event. Following the event, incentive applicants have 12 business days to make an offer on a home, have the offer accepted, obtain a contract of sale, and submit required paperwork to be eligible for the lottery drawing. No part of the contract process, including the initial offer to buy the home and all signatures between buyer and seller on a ratified contract may be signed prior to the Trolley Tour event date.
To register for or get information about the next Trolley Tour event, go to the Trolley Tour page.