HUD Good Neighbor Next Door Program

About Good Neighbor Next Door

Law enforcement officers, pre-Kindergarten through 12th grade teachers, firefighters and emergency medical technicians can contribute to community revitalization while becoming homeowners through HUD’s Good Neighbor Next Door Sales Program. HUD offers a substantial incentive in the form of a discount of 50% from the list price of the home. In return you must commit to live in the property for 36 months as your sole residence.

How the Program Works

Eligible Single Family homes located in revitalization areas are listed exclusively for sale through the Good Neighbor Next Door Sales program. Properties are available for purchase through the program for seven days.

How to Participate in Good Neighbor Next Door

Check the  listings for your state. Follow the instructions to submit your interest in purchasing a specific home. If more than one person submits an offer on a single home a selection will be made by random lottery. You must meet the requirements for a law enforcement officer, teacher, firefighter or emergency medical technician and comply with HUD’s regulations for the program.

HUD requires that you sign a second mortgage and note for the discount amount. No interest or payments are required on this “silent second” provided that you fulfill the three-year occupancy requirement.The number of properties available is limited and the list of available properties changes weekly.

To learn more, please see our Good Neighbor Sales Frequently Asked Questions!

Comments and Questions

To learn more, please visit the HUD website.

Baltimore County Single Family Rehab and Emergency Repair

Single Family Rehab and Emergency Repair

The Single Family Rehabilitation Loan Program is designed to assist income eligible homeowners with low cost or no cost loans to correct hazardous conditions, eliminate safety hazards, repair or replace major systems, correct interior and exterior deficiencies, energy improvements, modifications for persons with disabilities and eliminate lead based paint hazards.

The Emergency Repair Program is designed to assist income eligible homeowners with a grant to repair or replace a major system which has failed or is in imminent danger of failure and which poses a hazard to the occupants’ health or safety.

The Maryland Housing Rehabilitation Program (MHRP), like the Single Family Rehabilitation Loan Program, is designed to assist income eligible homeowners with low cost or no cost loans to correct hazardous conditions, eliminate safety hazards, repair/replace major systems, correct interior and exterior deficiencies, energy improvements, modifications for persons with disabilities and eliminate lead based paint hazards. This program is funded by the Maryland Department of Housing and Community Development.

The above information is a brief summary of these programs. Detailed regulations, policies and procedures govern the programs. For additional information or to schedule an appointment to file an application, contact the Housing Rehabilitation Program staff or visit their website for more details.

Debbie Sparks
Phone: 410-887-3124
dsparks@baltimorecountymd.gov

Revised April 6, 2016

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

Maryland HomeCredit

Maryland HomeCredit Program


Lower Your Federal Taxes, Every Year, For the Life of Your Loan

A Maryland HomeCredit can save a homebuyer tens of thousands of dollars over the life of a home loan, and makes owning a home more affordable. Together with a home loan through the Maryland Department of Housing and Community Development’s Maryland Mortgage Program, which offers Down Payment Assistance and the certainty of a 30-year fixed interest rate, the State of Maryland is making the dream of sustainable homeownership a reality for more Marylanders than ever.

You may already know about the mortgage interest deduction that most homeowners already claim each year on their federal taxes. The Maryland HomeCredit Program is different, and provides a federal tax credit to eligible homebuyers. A tax deduction reduces the homeowner’s “taxable income”. In contrast, a tax credit, such as the Maryland HomeCredit, provides the homeowner with a reduction in their actual federal tax liability.

The Department’s Maryland HomeCredit Program provides eligible homebuyers with a federal tax credit that may be claimed annually, the value of which is equal to 25% of the value of mortgage interest payments (up to $2,000) paid each year, for the life of the loan (i.e. until payoff, sale, refinance or transfer).

How to Get a Maryland HomeCredit

Homebuyers apply for a Maryland HomeCredit through an approved mortgage lender.  The Lender will confirm the borrowers’ eligibility for this program, and submit an application to the Maryland Department of Housing and Community Development.

Who Can Get a Maryland HomeCredit?

To get a HomeCredit, you must be purchasing a home in Maryland and meet borrowing criteria that include:

  • You must meet the same income limits and home purchase price limits as the Maryland Mortgage Program;
  • You cannot have owned a home during the past three (3) years, UNLESS you are purchasing in a Targeted Area;
  • The home  you purchase must be your primary residence.

NOTE – the Maryland HomeCredit Program is not available for refinances or existing homeowners

For More information: http://mmp.maryland.gov/Pages/MDHomeCredit.aspx

Also 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.

USDA Home Repair Program

Single Family Housing Repair Loans & Grants

Fact Sheet

Program Status: Open

What does this program do? 
Also known as the Section 504 Home Repair program, this provides loans to very-low-income homeowners to repair, improve or modernize their homes or grants to elderly very-low-income homeowners to remove health and safety hazards.

Who may apply for this program?
To qualify, you must:

  • Be the homeowner and occupy the house
  • Be unable to obtain affordable credit elsewhere
  • Have a family income below 50 percent of the area median income 
  • For grants, be age 62 or older and not be able to repay a repair loan

What is an eligible area?
Applicants may check the address of their home to determine eligibility.

How may funds be used?

  • Loans may be used to repair, improve or modernize homes or remove health and safety hazards
  • Grants must be used to remove health and safety hazards

How much money can I get?

  • Maximum loan is $20,000
  • Maximum grant is $7,500
  • Loans and grants can be combined for up to $27,500 in assistance

What are the terms of the loan or grant?

  • Loans can be repaid over 20 years
  • Loan interest rate is fixed at 1%
  • Full title service is required for loans of $7,500 or more
  • Grants have a lifetime limit of $7,500
  • Grants must be repaid if the property is sold in less than 3 years
  • If applicants can repay part, but not all of the costs, applicants may be offered a loan and grant combination

Is there a deadline to apply? 

  • Home loans are available year round as long as funding is available
  • Home loan applications are processed in the order they are received

How long does an application take? 
Approval times depend on funding availability in your area. Talk to a USDA home loan specialist in your area for help with the application

Who can answer questions and how do I get started?
Contact a USDA home loan specialist in your area

What governs this program?

  • The Housing Act of 1949 as amended, 7 CFR Part 3550
  • HB-1-3550 – Direct Single Family Housing Loans and Grants Field Office Handbook

Why does USDA Rural Development do this?
Helping people stay in their own home and keep it in good repair helps families and their communities. Homeownership helps families and individuals build savings over time. It strengthens communities and helps many kinds of businesses that support the local economy.

NOTE: Because citations and other information may be subject to change, please always consult the program instructions listed in the section above titled “What Governs this Program?” Applicants may also contact your local office for assistance.

ited State Department of Agriculture offers housing repair loans, also known as the Section 504 Home Repair program, to provide loans to very-low-income homeowners to repair, improve or modernize their homes or grants to elderly very-low-income homeowners to remove health and safety hazards in certain areas of Maryland.

To Qualify You Must

  • Be the homeowner and occupy the house.
  • Be unable to obtain affordable credit elsewhere.
  • Have a family income below 50 percent of the area median income.
  • For grants, be age 62 or older and not be able to repay a repair loan.
  • Live in an eligible area.

For more information visit United States Department of Agriculture Rural Development.