This site requires JavaScript. See how to enable JavaScript in your browser.

Photo by Phylicia Ghee for Live Baltimore

Down Payment & Closing Costs

Homebuyers will need two types of funds to purchase their home⁠: a down payment and closing costs.

A down payment is money a buyer must invest up-front toward the home they are financing with a mortgage loan. Buyers typically put down anywhere from 3% to 20% of their home purchase price, depending on the terms of their loan. Closing costs are the amount of money needed to complete a home purchase. These costs can average between 5% and 8% of a home’s purchase price (in addition to down payment funds) and typically include title, recording, and inspection fees; property taxes; and other escrow funds. The following programs can assist homebuyers with their down payment and closing costs.

Join us for a free online workshop on Wednesday, September 24, at 6 PM!

Discover the loan programs, down payment and closing cost funds, renovation projects, and tax credits available just for you. This is your chance to learn about the options that can make homeownership a reality and ask questions to our expert lender. Register for this free workshop here.

Baltimore City Employee Homeownership Program

$5,000 down payment and closing cost assistance, 5-year forgivable loan

Down Payment & Closing Costs

Buy Back the Block

Up to $20,000 down payment and closing cost assistance, grant

Down Payment & Closing Costs,

Buying Into Baltimore

$5,000 down payment and closing cost assistance, 5-year forgivable loan

Down Payment & Closing Costs

Central Baltimore Homebuying Incentive Program

$10,000 down payment and closing cost assistance, 0% interest deferred loan

Down Payment & Closing Costs

CHAI Homebuyer Assistance Loan

$10,000, zero-interest loan

Down Payment & Closing Costs,

CHAI Homebuyer Incentive Grant

$5,000 forgivable loan for first-time homebuyers in 21215

Down Payment & Closing Costs,

Direct Homeownership Assistance Program

$5,000 down payment and closing cost assistance

Down Payment & Closing Costs

Druid Heights BRNI Boost

$10,000 down payment and closing cost assistance, below market rate deferred loan

Down Payment & Closing Costs

FHLBank Atlanta Community Partners Product

Up to $15,000 down payment and closing cost assistance, 5-year forgivable loan

Down Payment & Closing Costs

FHLBank Atlanta First-Time Homebuyer Product

Up to $12,500 down payment and closing cost assistance, 5-year forgivable loan

Down Payment & Closing Costs

First-Time Homebuyers Incentive Program

Typically $10,000 to $20,000+ down payment and closing cost assistance, 5-year forgivable loan

Down Payment & Closing Costs

Live Near Your Work

$2,000 to $5,000+ down payment and closing cost assistance, grant

Down Payment & Closing Costs

Maryland Mortgage Program 1st Time Advantage 3% Loan

Loan for home purchase PLUS down payment and closing cost assistance deferred loan

Down Payment & Closing Costs,

Maryland Mortgage Program 1st Time Advantage 4% Loan

Loan for home purchase PLUS down payment and closing cost assistance deferred loan

Down Payment & Closing Costs,

Maryland Mortgage Program 1st Time Advantage 5% Loan

Loan for home purchase PLUS down payment and closing cost assistance deferred loan

Down Payment & Closing Costs,

Maryland Mortgage Program 1st Time Advantage 6000

Loan for home purchase PLUS $6,000 down payment and closing cost assistance deferred loan

Down Payment & Closing Costs,

Maryland Mortgage Program Community Partners Incentive Program

Up to $2,500 down payment and closing cost assistance, 0% interest deferred loan

Down Payment & Closing Costs

Maryland Mortgage Program Flex 3% Loan

Loan for home purchase PLUS down payment and closing cost assistance deferred loan

Down Payment & Closing Costs,

Maryland Mortgage Program Flex 6000

Loan for home purchase PLUS $6,000 down payment and closing cost assistance deferred loan

Down Payment & Closing Costs,

Maryland Mortgage Program HomeStart 6% Loan

Loan for home purchase PLUS down payment and closing cost assistance deferred loan

Down Payment & Closing Costs,

Maryland Mortgage Program House Keys 4 Employees

Up to $2,500 down payment and closing cost assistance, 0% interest deferred loan

Down Payment & Closing Costs

Maryland Mortgage Program Smart Keys 4 Employees

Up to $1,000 down payment and closing cost assistance, 0% interest deferred loan

Down Payment & Closing Costs

Vacants to Value Booster

$10,000 down payment and closing cost assistance, 5-year forgivable loan

Down Payment & Closing Costs

Have more questions about Baltimore City down payment and closing cost incentives?

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

Explore More Ways to Afford Your Home

Taxes & Credits

Step 1 of 2

Email

Password

Enter Password Confirm Password

CAPTCHA

Name(Required)

First Name Middle Name (Optional) Last Name

Address

Complete address, including apartment or suite number Address Line 2 City State / Province / Region ZIP / Postal Code

Phone

Phone Type

Why Baltimore? (Optional)

Extras

Email Opt-in

I would like to receive Live Baltimore's event updates via email.

Bumper Sticker Opt-In

Send me an I ♥ City Life bumper sticker.

Real Estate Partners Opt-In

I would like to be contacted by Live Baltimore's real estate partners.

Facebook

This field is for validation purposes and should be left unchanged.