Community Development Block Grant Homeownership Assistance Program

At a Glance
$5,000 down payment and closing cost assistance, 5-year forgivable loan
Who's Eligible?
Baltimore City homebuyers who meet income and other program requirements
To Get Started:
Complete homeownership counseling and a program application

The Community Development Block Grant (CDBG) Homeownership Assistance Program provides down payment and closing cost assistance to eligible first-time homebuyers purchasing a home in Baltimore City.

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 before making an offer on your home.
  • 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 $517,500 for a single-family home.
  • You must apply and be approved prior to closing on your home. Program funds are not retroactive.
  • Household income cannot exceed 80% AMI
  • First-time homebuyers only
  • Requires a “Housing Quality Standard” (HQS) inspection
  • 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
Brenda Winston
(443) 984-2264
Email
Website

We're here to help.

Have more questions about this or other Baltimore City homeownership incentives? We're here to help! Send us an email or give us a call at (410) 637-3750. A Live Baltimore team member can walk you through your options.
Contact Us

Lenders Familiar with This Program

Bay Capital Mortgage Corp.
BB&T Home Mortgage
Fairway Independent Mortgage Corporation
First Home Mortgage
Fulton Mortgage Company