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Buying Into Baltimore and City Living Starts Here
All Home Buyers
Baltimore City
Closing Cost Assistance
Down Payment Assistance
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 […]

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.