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% – 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% – 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.

Looking for an immersive homebuying experience?

Explore Baltimore City’s neighborhoods and learn about homebuying at Live Baltimore’s Trolley Tour. This free in-person event on Saturday, May 11th, offers expert-led workshops and connects you with real estate professionals and community organizations. Plus, attending the tour makes you eligible to apply for a $5,000 incentive to assist with your home purchase. Learn more and register for Trolley Tour.

Baltimore City Employee Homeownership Program

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

Down Payment & Closing Costs

$10,000 to $20,500 down payment and closing cost assistance, 0% interest deferred 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

Direct Homeownership Assistance Program

$5,000 down payment and closing cost assistance

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

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

Down Payment & Closing Costs

Greater Mondawmin and Rosemont Incentive by NHS

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