The Baltimore City Special Program

The Baltimore City Special Program

The Baltimore City Special, a partnership between the Maryland Mortgage Program and Baltimore City, gives eligible homebuyers purchasing in Baltimore City $7,500 in down payment and closing cost assistance.

This short-term financial incentive is provided by Baltimore City and the state of Maryland to help working families achieve homeownership. Eligible homebuyers can take advantage of t​his assistance by purchasing their home through the Maryland Mortgage Program, which has helped thousands of families achieve homeownership and comes with the security that only the state’s flagship homeownership program can provide.

Download the Baltimore City Special Flyer

Download the Baltimore City Special Fact Sheet​

​Getting Started

If you’re ready to take advantage of this special program:

    1. Talk to a Lender – Your lender can help you confirm your eligibility for the Baltimore City Special Program and Maryland Mortgage Program and will make sure you meet all the requirements, such as attending the right Homebuyer Education Class.
 Check Your Eligibility to see whether you can apply for a Maryland Mortgage Program​ loan. Note that being eligible to apply does not guarantee approval, and lenders will take into account things like your income, credit history and employment situation when considering your application.
Complete a Homebuyer Education Class – Completing a Homebuyer Education prepares you to make the right decisions when purchasing your home.  Homebuyer Education classes are available throughout Maryland, and are provided by a range of Community and Non-Profit organizations as well as local government housing agencies.
You must have Adobe ​Reader to view and print PDF documents on this page. If you do not have it, download it for free.

Pathway to Purchase in Prince George’s County

Pathway to Purchase in Prince George’s County

For a limited time, ​​eligible homebuyers in Prince George’s County can take advantage of two incredible homeownership programs to get our most affordable home loan available.

The Redevelopment Authority of Prince George’s County, through their Pathway to Purchase program, can provide up to $10,000 in down payment and closing cost assistance to be used in the purchase of eligible Prince George’s County properties. Homebuyers can combine this with the Maryland Preferred Rate Program, which offers our lowest possible interest rate on a 30-year fixed-rate loan.

Down payment and closing cost assistance through Prince George’s County’s Pathway to Purchase program is available as a 0% interest loan that must be paid back when the home is sold, transferred, or ceases to be the primary residence of the buyer(s). However, the Pathway loan amount decreases at a rate of 10% per year and after 10 years is completely forgiven and the lien is released.

Defaults on a first mortgage loan results in the remaining balance of the Pathway to Purchase loan changing to a rate of 5.75%.

Homebuyers apply separately for each program – scroll down for information on steps to take to start your applications. 

Eligible Properties

Homebuyers can purchase a home anywhere in Prince George’s County.  Eligible residential properties also include new construction, resale, short sales and foreclosures, as long as they meet other applicable program guidelines.

To learn more click on the below link.

http://mmp.maryland.gov/Pages/PrinceGeorges/default.aspx

Charles Counties First Time Home Buyers Settlement Expense Loan Program (SELP)

First Time Home Buyers Settlement Expense Loan Program (SELP) In Charles County

Charles County Settlement Expense Loan Program (SELP) provides direct financial assistance of up to $6,000 for settlement expenses to qualified low-income and moderate-income first time home buyers in Charles County. The loan is secured by a second mortgage, repayment of which is deferred until such time as the property is resold, transferred, refinanced, or the buyer discontinues occupancy of it as a principal residence.

Rita Wood
Chief of Housing Authority

Website

Homebuyer Pre-Purchase Education Taught In Howard County

Homebuyer Education

PRE-PURCHASE COUNSELING

Howard County Housing, in partnership with Guidewell Financial Solutions, has designed an initiative to promote successful homeownership in Howard County, Maryland. Educational workshops and one-on-one counseling will be offered on a monthly basis to households purchasing a home in Howard County, and/or participating in Howard County Housing’s (HCH) homeownership and rental programs, including, but not limited to, the Settlement Downpayment Loan Program (SDLP) and Moderate Income Housing Unit (MIHU) program. Guidewell Financial Solutions is a HUD-approved housing counseling agency and the workshop curriculum is derived from guidelines established by the National Industry Standards for Homeownership and Counseling. Individuals and families interested in purchasing a home in Howard County are invited to attend.

Interested participants can register by emailing homebuyerclass@howardcountymd.gov or calling 410-313-6328.

Please note that Howard County’s certificate for completing the counseling is not valid in Anne Arundel County, Baltimore County, Harford County or Baltimore City. If you are planning on purchasing in one of those counties, please access the Maryland Mortgage Program website at www.mmp.maryland.gov to locate the appropriate counseling agency.

More information available on the Howard County Website.

House Keys For Employees Program in Calvert County

House Keys For Employees Program in Calvert County

Apartment Complex in the county
Calvert County is home to numerous safe, attractive residential communities. Residents are drawn to the county’s rural character, good schools, low taxes and low crime rates.

Mission
Encourage the availability of a variety of housing types to serve different age groups, family sizes and incomes of Calvert County citizens.

View the Comprehensive Plan.

Strategies
While working to maintain the rural nature of the county, the Board of County Commissioners has also initiated a number of strategies to encourage the development of housing to meet the diverse needs of its citizens.These initiatives include:

  • Development of a housing information guide, which provides a listing of local housing resources.
  • Incorporation of new planning and zoning tools to provide additional opportunities for the construction of affordable housing within the county.
  • Partnership with the State of Maryland to provide down payment and closing cost assistance for first-time homebuyers through the House Keys 4 Employees Program.
  • Waiver of the purchase of Transfer Development Rights (TDRs), (required for increased density housing) available for qualifying affordable housing developments.

Calvert County Website

Housing Resource Links

Housing Opportunities Commission of Montgomery County

Homeownership

Purchasing a home is one of the best ways to invest in your future; however it is often the largest financial transaction most people will make. The Housing Opportunities Commission (HOC) is committed to making home ownership in Montgomery County affordable by offering qualified buyers home loans and down payment/closing cost assistance.

Housing Opportunities Commission Website

  For Lenders     |    Special Programs for HOC Residents   |    HOC Existing Loan Customers


Mortgage Purchase Program (MPP)

Conventional Financing Option

Getting Started

Interest Rates

Income and Sales Price Limits

Closing Cost Assistance

Participating Lenders

Eligible Property/MPDU

First Time Homebuyer EducationHome Inspection

Documentation

Terms and Conditions of MPP Mortgage

Recapture Tax

Power of Attorney

Free Credit Report

Payment Calculator

Frequently Asked Questions(FAQ)

Mortgage Vocabulary

Baltimore Financial Incentives

Live Baltimore – City Living Starts Here

Baltimore City offers a variety of incentive programs to homebuyers, homeowners, and renters. Each program has specific qualifications, managed by different city departments or nonprofits. If you think you qualify, contact the program administrator listed for the program you are interested in. Live Baltimore does not manage or fund any of these incentive programs, but we can help you review your options and put you in touch with the organizations that do.

Get started by clicking here…Live Baltimore

 

 

Montgomery County MPDU Homeownership Program

Description

Montgomery County’s Moderately Priced Dwelling Unit (MPDU) Program offers affordably priced townhomes and condominiums – both new and resale – to first-time homebuyers who have a moderate household income (see list of minimum and maximum income levels below).

When MPDUs are available for sale, DHCA conducts Random Selection Drawings to determine who is eligible to purchase them.  Participants are selected to purchase a home based on a number of factors.

Households must be able to qualify for a mortgage; pay a down payment; pay settlement fees including advance taxes and advance insurance; and pay a monthly mortgage payment, utilities, and other costs.  Special financing and down payment and closing cost assistance are available through the Housing Opportunities Commission.

In addition, MPDU owners are responsible for all home maintenance, home improvements, condo fees (if applicable), and compliance with homeowner or condominium rules and regulations. For new homes, the builder is responsible for all warranty items.

Program Rules

Homes that are purchased through the MPDU Program, whether new or re-sale, have controls on them.  New and some resales homes have 30 year controls; other resale homes have 10 or 15 year controls. These controls are in the form of restrictive covenants that state:

  • During the control period, the owner must occupy the home.  The unit may not be rented out.
  • During the control period, the owner must not refinance the property for more than the controlled resale price established by the MPDU office (owners are prohibited from refinancing the property based on the market value of the property).
  • During the control period, the owner can only sell the home at the MPDU established controlled resale price through the MPDU Program to an approved MPDU purchase program participant.
  • During the control period, MPDU owners must not purchase another property.
  • When the property is sold after the control period, the owner must pay 50% of the profit to Montgomery County.
  • After the control period expires, it is strongly recommended that owners contact the MPDU office prior to refinancing their MPDU.  Refinancing does not relieve the owner of the obligation to make a shared profit payment to the County upon sale; therefore, it is important not to refinance for the full market value.

Benefits of MPDU Home Ownership

  • You will get to own a home in Montgomery County at a greatly reduced price.  Living in Montgomery County provides access to high quality services and schools.
  • By purchasing an MPDU home with a standard 30-year fixed rate mortgage, your monthly mortgage payment will not increase each year, unlike rent which landlords typically increase annually.
  • You will be able to deduct mortgage interest and real estate taxes from your income tax.
  • Your property taxes are based on the MPDU value of your property, not a “market value.”
  • You have the freedom to make improvements to your home.
  • When you sell your MPDU home during the control period at the MPDU controlled resale price, you will get back what you originally paid for the MPDU, plus inflation and the cost of eligible improvements.
  • When you sell your MPDU home after the control period at a market resale price, you will keep half of the profit.

Are you Eligible?

  1. You are NOT eligible to participate in the MPDU purchase program if you currently own a house or have owned a house anywhere in the past five (5) years.
  2. INCOME Minimums and Maximums (all incomes are gross household income; that is, household income before taxes)
    • minimum annual household income: $35,000
    • maximum annual household income (effective March 17, 2016):
      Eligible Household Size
      and Maximum Income
      Household Size Maximum Income
      1 $53,500
      2 $61,000
      3 $69,000
      4 $76,500
      5 $82,500
      6 $88,500
      7 $95,000
      8 $101,000
  3. Participants in the MPDU purchase program MUST be able to:
    • pay a down payment, settlement fees and other closing costs, and
    • afford the monthly mortgage and other expenses for the property
  4. Financing  Applicants for the MPDU purchase program must provide a mortgage pre-qualification letter from an HOC participating Mortgage Lender in an amount of at least $120,000.  Special financing and down payment and closing cost assistance are also available through the Housing Opportunities Commission (HOC).

How to Apply – Easy as 1…2…3!

Step 1:  Attend First-Time Home-Buyer Class

Step 2:  Attend MPDU Orientation Seminar

Step 3:  Attend MPDU Application Session

NOTE:  You must take the First Time Homebuyer Class before the Orientation Seminar.  You just need to take both of these two classes before signing up for the Application Session.

  • DHCA does not mail applications for the MPDU purchase program. New, first-time participants in the MPDU program need to attend the first two required training sessions (Steps 1 and 2) in order to receive an application to participate in the MPDU program.  They must then attend an Application Session (Step 3) to turn in their completed application.
  • These classes are designed to answer all your questions about the MPDU program, provide information about the home purchase application and selection process, and provide information about home ownership responsibilities.
  • Current participants in the MPDU Program who have already taken the first two classes and who have already received a Certificate of Eligibility do not need to take the first two classes again – however, they must still attend an Application Session (Step 3) to turn in their renewal application and supporting documents.

Note:  Incomplete applications will not be accepted.  Do not sign up for the Application Session until you:

  • attend the First-Time Home-Buyer Class,
  • attend the MPDU Orientation Seminar,
  • obtain a mortgage pre-qualification letter,
  • gather all other documents needed for your application (as identified in your application folder), and
  • complete your application.

Steps and Instructions (click the link below)

Montgomery County Homeownership Program

Buying Into Baltimore and City Living Starts Here

City Living Starts Here is a $5,000 incentive to use toward buying a home anywhere in Baltimore City. You must attend a City Living Starts Here Tour to become eligible for the $5,000 incentive. Every year, there are up to four opportunities to get $5,000 toward buying your home! See when the next City Living Starts Here Tour is in the Upcoming Events section of this website.

DETAILS:

1. The mortgage amount cannot exceed $517,000.
2. 10 individuals will be selected by lottery to receive awards, following each event, from a pool of eligible applicants.
3. Incentive applicants have 10 business days after attending the City Living Starts Here event to obtain a contract of sale on a home and submit paperwork to become eligible for the lottery drawing.
4. Incentive winners must close on their purchase within 60 days of being selected in the lottery drawing. [Closing Date < Event Date + 10 Business Days (lottery drawing) + 60 Days]
5. Contracts signed prior to the event will not be eligible for the City Living Starts Here incentive.
6. Co-signers, cash sales, or owner financing are not permitted.
7. Short sale, foreclosure transactions, and new constructions do not qualify.
8. Homebuyer must earn their Homeownership Counseling Certificate from a City-approved counseling agency before writing a sales contract.
9. The home must be the homebuyer’s primary residence.
10. Homebuyer must invest a minimum of $1,000 from personal resources.
11. Incentive may be used toward downpayment and closing costs.
12. Incentive is a five-year forgivable loan (Your balance is forgiven by 20% each year, at the end of five years you no longer have a balance).
13. This incentive may be used in addition to other incentives.
14. Incentive appears as a second lien on property until the balance is forgiven or repaid.

For More Information on Baltimore City Housing call (410) 396-3124 or visit the Website

Also, for additional information about these programs, other homeownership opportunities, Baltimore neighborhoods and city life, you can also visit Live Baltimore. Live Baltimore offers instant analysis of incentive program eligibility.

Baltimore City Vacants to Value Program

We are pleased to announce that as of September 21, 2016 additional funds have been made available to support the Baltimore Homeownership Incentive Program (B-HiP), including the Vacants to Value Booster Program. We are now accepting applications from buyers purchasing a home that qualifies for the Vacants to Value Booster incentive program. For more information, and to submit your application, contact Michael Guye, Director of Homeownership at 410-396-3124 or Michael.Guye@baltimorecity.gov.

Over 360 home buyers have benefited from $10,000 in down payment and closing cost assistance when buying a formerly vacant, renovated house. You could be next! Home buyers can use 203K loans to build renovations into their mortgage. Many homes are already beautifully renovated by Vacants to Value developers in growing neighborhood markets.

Please note: The eligibility guidelines for this program have been modified recently. A house is eligible for this program only if it was subject to a Vacant Building Notice for a year or more prior to its rehabilitation for sale to a home buyer. You can find more information about this change here.

View samples of houses that have been pre-qualified for this incentive here. For more information, contact Michael Guye, Director of Homeownership at 410-396-3124 or Michael.Guye@baltimorecity.gov.

Baltimore City’s Vacants to Value (V2V) Program offers several options for buyers wishing to purchase a home in the City. There are formerly vacant, fully rehabbed properties for sale, or you may wish to buy a currently vacant home and complete the renovation yourself. The rehabbed properties qualify for a $10,000 down payment incentive, and may qualify for other programs as well.

Visit the Baltimore Housing website for more details.

City of Cumberland Closing Cost Grant

Closing Cost Grants

Cumberland Neighborhood Housing Services, offers homebuyers a grant of up to $2,000.00 toward closing costs to encourage home purchases in the City of Cumberland.  The grant is funded in part by funds from Community Development Block Grants (CDBG).

These grants are offered on a first-come, first-serve basis and assist 50-60 homebuyers per year.  On average, the homebuyer’s closing attorney will receive the disbursement of the grant two weeks in advance of the settlement, requiring application of the grant no later than two weeks before closing.  A notice of 14 days is required to process disbursements for this program.

No lien is placed on the homebuyer’s property.  There is no repayment of this grant.

Program Requirements

Participation in Homebuyer Education and graduation from the program is required by CNHS.  The ten hours worth of Homebuyer Education may be completed over several days or several weeks.  CNHS offers courses several times per month.  Homebuyers should enroll in courses prior to or immediately following application for home purchase financing.  Applicants should immediately inform the mortgage loan processor (broker or bank) that they are obtaining a grant for closing costs.

Costs eligible for the program are those costs totaling the dollar amount reflected on the Closing Disclosure.

Eligibility

  • The property must be located within the corporate boundaries of the City of Cumberland, Maryland
  • The property must be a primary place of residence (owner occupied)
  • Property may not be a mobile home or a home that has wheels affixed or may be affixed to be relocated
  • Applicant must complete all information on the application form
  • Applicant must provide proof of income for all members of the household
  • Applicants/occupants claiming zero income must complete a “Zero Income Statement”
  • Any occupants of the residence age 18 or older must provide complete proof of all income
  • Applicant must provide a contract of sale
  • Applicant must provide a copy of the Closing Disclosure within one week following closing
  • Applicant must provide a current flood certification, as provided by the lender
  • Applicant must complete the Homebuyer Education Curriculum and receive a Certificate of Completion
  • Applicant must fall within established HUD Income Limits (amended annually)
  • Applicant may not utilize owner financing
  • Purchase property may not be in a flood plain (100 year or 500 year plain)

Receiving A Grant

Applications are received, reviewed for completeness and eligibility, and processed by the counselor. Funds are distributed on a first-come, first-closed basis, meaning that availability is dependent upon closing the loan as soon as possible.  Grants are not reserved or held for clients.  All application information must be received, including proof of all income and a Contract of Sale.   Funds are disbursed to the closing attorney upon receipt of the Letter of Commitment or Loan Approval, a copy of the Homebuyer Education Certificate, and submission of the name and address of attorney and the date of closing.

All applications are to be submitted to Cumberland Neighborhood Housing Services, 400 N. Mechanic Street, Cumberland, Maryland 21502.  To obtain a grant application or ask questions, please call 301-722-6958.  Because income guidelines change frequently, applications are not made available online.

Visit their website here.

Baltimore County Closing Cost and Down Payment Programs

Closing Cost and Down Payment Programs

Settlement Expense Loan Program

The Settlement Expense Loan Program (SELP) provides assistance to low and moderate income, first-time homebuyers. The County can lend up to $10,000 to income-eligible purchasers to help pay down payment and closing costs required in the purchase of an existing home within the designated Community Conservation Areas of Baltimore County.

Assistance from SELP is in the form of a deferred loan that is forgivable if the homeowner occupies the property as their principal residence during the period of affordability as required by the HOME Investment Partnerships Act regulations. The period of affordability is 15 years.

How to Apply

You must first attend a First Time Home Buyers Workshop. Call 410-887-3124 for a schedule of Workshops and their locations.

After attending the workshop, you must also make an appointment for individual financial counseling with a housing counselor. This will all be explained at the Home Buyers Workshop. You are not eligible for a SELP loan if you already have a signed contract to buy a house.

Housing Counseling Affiliates

Candidates can apply for either SELP through Baltimore County’s housing counseling affiliates:

Belair-Edison Neighborhoods, Inc (BENI) provides free homebuyer education (workshops) and counseling.
Address: 3412 Belair Road, Baltimore, Maryland 21213
Phone: 410-4858422
Fax: 410-4850728

Diversified Housing Development, Inc. (DHD) provides free homebuyer education (workshops), homebuyer counseling and foreclosure counseling.
Address: 8025 Liberty Road, Windsor Mill, Maryland 21244
Phone: 410-496-1214
Fax: 410-496-9352

Eastside Community Development Corporation, Inc. provides free homebuyers education (workshops), homebuyer counseling, financial literacy counseling and foreclosure counseling.
Address: Eastpoint Mall, 7835 Eastern Avenue, Suite 302, Baltimore, Maryland 21224
Phone: 410-284-9861
Fax: 410-284-9864

Harbel Housing Partnership provides free homebuyer education (workshops), homebuyers counseling and counseling to senior homeowners and renters.
Address: 5807 Harford Road, Baltimore, Maryland 21214
Phone: 410-444-9152
Fax: 410-444-9181

St. Ambrose Housing Aid Center provides free homebuyers education (workshops), homebuyer counseling, financial literacy counseling, foreclosure counseling and legal assistance to low income and senior residents of Baltimore County.
Address: 321 East 25th Street, Baltimore, Maryland 21218
Phone: 410-366-8550
Fax: 410-366-8795

The Maryland Mortgage Program (MMP) provides assistance through its Down payment and Settlement Expense Loan Program (DSELP) provided the applicant has been approved for a Community Development Administration (CDA) loan.
Phone: 800-638-7781
Email: SingleFamilyHousing@dhcd.state.md.us

Staff Contact

Marcia Williams
Phone: 410-887-6055
Email: mdwilliams@baltimorecountymd.gov

Visit The Baltimore County Department of Planning website.

Revised January 30, 2017

Maryland Mortgage Program – You’ve Earned It Initiative

Maryland Mortgage Program – You’ve Earned It Initiative

The Maryland Mortgage Program (MMP) is offered through the Maryland Department of Housing and Community Development (DHCD). For a limited time, eligible homebuyers that that purchase a home in one of Maryland’s Sustainable Communities, and who have at least $25,000 in student debt may qualify for a 0.25% discount on the standard MMP mortgage rate. This program is primarily for first time homebuyers, but exemptions apply.

For more information visit the Department of Housing and Community Development Maryland Mortgage Program.

Maryland Mortgage Program – Maryland Homefront

Maryland Homefront – The Veterans and Military Family Mortgage Program

The Department of Housing and Community Development is proud to launch our newest version of Maryland Homefront: The Veterans and Military Family Mortgage Program (Maryland Homefront).  Homefront provides military veterans and active duty military with a special interest rate discount of 0.25% for a 30-year and a fixed rate mortgage, This initiative is in appreciation of the contributions made by members of the United States armed services and their families.

Check today’s interest rates

All qualified borrowers under this initiative are also eligible to receive $5,000 for down payment and closing cost assistance through the Maryland Mortgage Program’s Down Payment Assistance Program plus any applicable Partner Match funds. Note that this program is not applicable to refinances.

Talk to an approved Maryland Mortgage Program Lender about possible Down Payment Assistance options available to you.

Download the Homefront Flyer and Fact Sheets

Getting Started

If you’re ready to take advantage of this special program:

  1. Talk to a Lender – Your lender can help you confirm your eligibility for the Homefront Program and will make sure you meet all the requirements, such as attending the right Homebuyer Education Class.
  2. Check Your Eligibility to see whether you can apply for a Maryland Mortgage Program loan. Note that being eligible to apply does not guarantee approval, and lenders will take into account things like your income, credit history and employment situation when considering your application.
  3. Complete a Homebuyer Education Class – Completing a Homebuyer Education prepares you to make the right decisions when purchasing your home.  Homebuyer Education classes are available throughout Maryland, and are provided by a range of Community and Non-Profit organizations as well as local government housing agencies.
  4. Learn about Down Payment Assistance – The Maryland Mortgage Program provides help in the form of Down Payment Assistance alongside a range of Partner Match programs from employers, developers and community organizations that can cover down payment and closing costs.
You must have Adobe Reader to view and print PDF documents on this page. If you do not have it, download it for free.

For more information visit the Department of Housing and Community Development Maryland Mortgage Program.

Maryland Mortgage Program

Is the Maryland Mortgage Program Right for Me?

Buying a home is a big deal. For Marylanders just like you, it may be the single largest purchase you make, and will impact your family’s life for years to come.

For many people, becoming a homeowner can mean stability, greater control over how you live, and the potential for building wealth and equity for your family’s future.

Read more about the benefits of Homeownership.

You may have heard about the Maryland Mortgage Program (MMP) from a friend or a neighbor, from an ad you saw on a fast-moving bus or from a flyer you picked up at an event, and now you’re wondering if this program can help you move into a home of your own.

The Maryland Mortgage Program is a home loan program that’s right for many Marylanders, is a safe and secure loan from Maryland’s Housing Finance Agency, and has several important features:

Eligibility

Many people across Maryland are eligible to apply for a home loan through the Maryland Mortgage.  Read more: Click Here

 

For more information visit the Department of Housing and Community Development Maryland Mortgage Program.

Anne Arundel County Mortgage Assistance Program

Mortgage Assistance

The Mortgage Assistance Program is currently offering a special promotion for a maximum loan amount of $25,000.   This special promotion will end on June 30, 2017 OR until funds are exhausted.   MAP funds are available on a first come, first serve basis.   ACDS must receive a fully ratified sales contract by June 30, 2017 OR until funds are exhausted.    On July 1, 2017, the maximum loan amount will return to $20,000.

The Mortgage Assistance program (MAP) provides income eligible, homebuyers with up to $25,000 in assistance to purchase a first home. MAP funds can be used toward down payment, closing costs, and mortgage write-down and can be used in conjunction with FHA and MD Community Development Administration (CDA) loans.

Income Limit:

Assistance may not be provided to households whose total household income, from all sources, exceeds 80% of Area Median Income.

Household Income Limits

  • 1 person: $46,000
  • 2 person: $52,600
  • 3 person: $59,150
  • 4 person: $65,700
  • 5 person: $71,000
  • 6 person: $76,250
  • 7 person: $81,500
  • 8 person: $86,750

Amount Available:

Up to $20,000 is currently available, depending on an eligible client’s need.

Eligible Applicants:

First-time homebuyers who do not exceed the income limits and who have successfully completed the ACDS Homeownership Counseling Program prior to entering into a contract to purchase.

Eligible Properties

An existing or newly constructed residence, including detached, semi-detached and attached townhomes and condominiums, located within Anne Arundel County. The home must be owner-occupied or vacant at the time the offer to purchase is made, except when the existing tenant is the one making the purchase. The property must meet the ACDS Property Minimum Standards for code and safety. The maximum sales price is $271,000.00 for existing homes and $304,000.00 for new construction.

Funding Terms:

Assistance is provided as a loan, not a grant. However, the terms are very favorable, include 0% interest, and there are no monthly payments. Loans are due and payable upon sale, transfer of property, when the property ceases to become a primary residence, or in 30 years; whichever comes first.

Information for REALTORS® and Lenders:

Please visit our Lender/Realtor page to learn more about our processing requirements regarding contracts to purchase, inspections, loan documents, and settlement requirements.

Minimum Cash Contribution from Borrower(s):

The homebuyer must contribute a minimum cash contribution of one percent of the sales price from their funds.

For more information visit https://acdsinc.org/  (Arundel Community Development Services, Inc.)

Baltimore City’s Live Near Your Work Program

Live Near Your Work Program

This partnership between participating employers and the City of Baltimore is designed to encourage homeownership near place of employment. The City of Baltimore matches participating employers’ contributions between $1,000 to $2,500. Over 80 employers are currently enrolled in the program. A listing of employers can be found in the Baltimore Homeownership Incentive Programs packet. You can also download the Live Near Your Work -Employer Application. Of special note is the Johns Hopkins Live Near Your Work Program, which now offers $36,000 and $27,000 in designated neighborhoods near the hospital and university.

For more information, contact Daibeth Saunders at 410-396-3124 or Daibeth.Saunders@baltimorecity.gov. Live Baltimore has a dedicated staff member, Elizabeth Koontz, to aid in the enrollment and promotion of the Live Near Your Program. You may contact her at LKoontz@livebaltimore.com