Vacants to Value Booster

The Vacants to Value Booster program is for properties that were subject to a vacant building notice for at least one year prior to (a) rehabilitation of the property by a developer, or (b) sale of the property to a homebuyer who intends to renovate the property using a rehabilitation loan.

PROGRAM BENEFIT

This program reduces the amount of money you’ll need up-front to buy your home.

ELIGIBILITY & LIMITATIONS

• You must earn a homeownership counseling certificate from a City-approved counseling agency before making an offer on your home. *Homeownership certificates are valid for 12 months from the date of completion.
• You must live in this home as your primary residence.
• You must contribute at least $1,000 of your own money to your home purchase.
• Your mortgage amount cannot exceed the current FHA mortgage limit of $731,400 for a single-family home.
• You must apply and be approved prior to closing on your home. Program funds are not retroactive.
• No household income restriction
• Not limited to first-time homebuyers
• Fixed-rate mortgages only. Co-signers, cash sales, and owner-financing are not permitted.

PROGRAM CONTACT

Baltimore City Department of Housing and Community Development, Office of Homeownership
(410) 396-3124
Email
Website