Healthy Neighborhoods Purchase & Rehabilitation Loan

At a Glance
Loan for home purchase with renovation
Who's Eligible?
Homebuyers who meet program requirements
To Get Started:
Confirm eligibility requirements and contact Healthy Neighborhoods to begin the application process

Healthy Neighborhoods offers a loan to help you purchase and renovate your new house on Healthy Neighborhoods’ target blocks.  Eligible homebuyers receive a below-market interest rate, free design advice, and no private mortgage insurance requirement.

PROGRAM BENEFIT

This program allows you to borrow money to buy and renovate your home.

ELIGIBILITY & LIMITATIONS

  • You must live in this home as your primary residence.
  • You must contribute 3% of the purchase price and may borrow up to 110% of the after-rehabilitation appraisal.
  • You may not own residential rental property.
  • You must use M&T Bank.
  • Your mortgage amount cannot exceed $295,000.
  • Your property must be on a Healthy Neighborhoods target block.
  • May be used in addition to other incentives
  • All contractor construction contracts and rehab work will be monitored and approved by Healthy Neighborhoods.

Program Terms & Conditions

PROGRAM CONTACT

Healthy Neighborhoods
Rahn Barnes
(410) 332-0387 x154
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.
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