Photo by Phylicia Ghee for Live Baltimore

Affording A Home

A variety of financial incentives make living in Baltimore City more affordable.


There are many types of mortgage loans available to homebuyers. In Baltimore City, special loan programs can provide down payment and closing cost assistance and/or lower interest rates.

Down Payment & Closing Costs

Homebuyers will need funds to cover both a down payment and closing costs when purchasing a home. Baltimore City offers many programs that make assembling these funds easier.

Taxes & Credits

Homeowners in Baltimore City can apply to a variety of programs that reduce property taxes.


Existing homeowners and homebuyers have options to renovate or purchase and renovate their home in Baltimore City.

Other Financial Incentives

Addition financial incentives, not fitting into the categories described above, are also available to Baltimore City residents and homebuyers.

Have more questions about affording a home in Baltimore City?

We’re here to help. Send us an email or call 410-637-3750 for one-on-one assistance.

Learn About the First Incentive Type