NHS of Baltimore BRNI Down Payment Assistance

What is NHS of Baltimore BRNI Down Payment Assistance?

NHS of Baltimore BRNI Down Payment Assistance is a deferred second loan for homebuyers in Baltimore, Maryland, administered by Neighborhood Housing Services of Baltimore, Inc. (NHS of Baltimore).

• The BRNI (Baltimore Regional Neighborhood Initiative) Down Payment Assistance program offered through NHS of Baltimore is a $10,000 deferred loan at 0% interest for eligible buyers purchasing in Baltimore City. Funds assist with down payment and closing costs and are repayable upon sale or refinance of the home. Eligibility is based on total household income and funds are subject to availability.
• $10,000 deferred loan.
• 0% interest.
• Repayable upon sale or refinance.
• Down payment and closing cost assistance.
• Funding comes from Baltimore Regional Neighborhood Initiative (BRNI).

How much assistance does it provide?

NHS of Baltimore BRNI Down Payment Assistance offers up to $10,000 in assistance.

• The program can be combined with other assistance, subject to the rules of each.
• Amounts are the program's published maximums, not an offer — Neighborhood Housing Services of Baltimore, Inc. (NHS of Baltimore) determines any individual award.

Do you have to pay it back?

NHS of Baltimore BRNI Down Payment Assistance is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off.

• Repayment is triggered by Deferred loan at 0% interest, repayable upon sale or refinance of the home.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

NHS of Baltimore BRNI Down Payment Assistance is open to buyers who will live in the home as their primary residence.

Where does it apply?

NHS of Baltimore BRNI Down Payment Assistance serves buyers purchasing in Baltimore, Maryland.

How do you apply?

Applications for NHS of Baltimore BRNI Down Payment Assistance go through Neighborhood Housing Services of Baltimore, Inc. (NHS of Baltimore), which publishes the current terms and the application steps on its own site.

1. 1

   Take a homebuyer education course

   Required by the program, through HUD-approved NHS Homebuyer Workshop plus NHS one-on-one counseling.

2. 2

   Contact Neighborhood Housing Services of Baltimore, Inc. (NHS of Baltimore) to reserve funds

   Funds are reserved with the provider and are subject to availability.

3. 3

   Work with a lender who handles the program

   Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.