Baltimore City First-Time Homebuyers Incentive Program

Administered by: Baltimore City Department of Housing and Community Development · City · Forgivable Loan

Funding status: Active

How much assistance

$10,000 to $20,000+ in down payment and closing cost assistance (Forgivable Loan)

Five-year forgivable loan.

Eligibility

  • Income limits: Household income at or below 80% of the Area Median Income (AMI).
  • First-time buyer required: Yes — Must be a first-time homebuyer.
  • Geographic restrictions: Must purchase a home in Baltimore City.
  • Homebuyer education required: Yes

How to Apply for Baltimore City First-Time Homebuyers Incentive Program

Step 1: Complete a homeownership counseling certificate from a City-approved counseling agency before making an offer. Contribute a minimum $1,000 from your own funds. Contact the Baltimore City Office of Homeownership at (410) 396-3124.

Visit program website

Notes

Amount awarded depends on household income, closing costs, monthly mortgage payment, and home sales price. An additional $5,000 bonus is available for buyers who purchase a home they have rented for at least 6 months or who have a disability.

Cities Where This Program Is Available