Direct Homeownership Assistance Program

Direct Homeownership Assistance Program es un préstamo condonable para compradores de vivienda en Baltimore, Maryland. $5,000 forgivable second-mortgage bonus on top of the First-Time Homebuyers Incentive Program for buyers who are either (a) renters purchasing their current rental home of 6+ months OR (b) households with a member with a disability. 5-year forgivable, 0%, 80% AMI cap, FTHB-only, Baltimore City only. $5,000 in down payment and closing cost assistance for first-time homebuyers who EITHER (a) purchase the house they have rented and occupied for at least the past six months, OR (b) have a household member with a documented disability. Structured as a 5-year forgivable second mortgage at 0% interest, forgiven 20%/year over 5 years of continued owner-occupancy. Designed as a tenant-purchase / disability-accommodation incentive. Can ONLY be used in combination with the Baltimore City First-Time Homebuyers Incentive Program (FTHIP) - i.e., DHAP is a stack-on bonus to FTHIP, not a standalone incentive. Property must be Baltimore City. Buyer must contribute $1,000+ of own funds. Homebuyer counseling certificate required from city-approved agency (valid 12 months). 80% AMI household income cap. Los fondos provienen de Federal CDBG y Local Government.

Direct Homeownership Assistance Program ofrece hasta $5,000 de ayuda. Aporte del comprador de vivienda: Buyer must contribute at least $1,000 of own funds. El programa se puede combinar con otras ayudas, sujeto a las reglas de cada una. Los montos son los máximos publicados por el programa, no una oferta: la agencia que administra el programa determina cualquier ayuda individual.

Direct Homeownership Assistance Program se perdona después de 5 años, así que un comprador de vivienda que se quede ese tiempo no lo devuelve. El reembolso se activa por Forgiven 20%/year over 5 years of continuous owner-occupancy. Prorated unforgiven balance due on sale, transfer, cash-out refi, or non-owner-occupancy within 5 years. La ayuda se registra con un gravamen en posición 3. Los términos de condonación y reembolso los fija el programa y pueden cambiar; confírmalos en la página oficial del programa antes de presentar la solicitud.

Direct Homeownership Assistance Program está abierto a compradores de vivienda por primera vez y compradores de vivienda que vivirán en la vivienda como su residencia principal. “Primera vez” tiene excepciones aquí: Standard first-time-homebuyer requirement (no ownership of primary residence in past 3 years); displaced-homemaker / single-parent exceptions per HUD. Sobre el crédito, el programa indica: No DHCD-published DHAP minimum; first-mortgage lender's product minimums apply. Se requiere un curso de educación para compradores de vivienda, a través de Baltimore City-approved homeownership counseling agencies (NHS of Baltimore, Druid Heights CDC, Belair-Edison, Southeast CDC, GO Northwest, St. Ambrose). Requisito de residencia: Property must be in Baltimore City corporate limits and serve as primary residence. Ciudadanía o situación migratoria: U.S. citizen or eligible non-citizen per first-mortgage product rules. MUST be combined with First-Time Homebuyers Incentive Program (FTHIP) - cannot be standalone. ELIGIBILITY (one of two): (a) buyer must have rented and occupied the subject property as their residence for at least 6 months prior to purchase, OR (b) household member must have a documented disability per applicable federal definition. First-time homebuyer (no primary residence ownership in past 3 years). 80% AMI household income cap. Owner-occupied primary residence. $1,000 minimum buyer contribution. Mortgage cannot exceed FHA loan limit ($731,400). Fixed-rate first mortgage only (no ARMs, balloons, cash, co-signers, owner-financing). Housing Quality Standard (HQS) inspection required. Counseling certificate (workshop + counseling session) from city-approved agency, valid 12 months. Must apply and be approved BEFORE closing - no retroactive funding.

Direct Homeownership Assistance Program limita el ingreso del hogar al 80% del ingreso mediano del área, que varía según el condado y el tamaño del hogar. Household income at or below 80% Area Median Income (AMI) for Baltimore HMFA, by household size. Approximate 2026 limits: $68,450 (1-person) to $129,050 (8-person). Verify current at livebaltimore.com/annual-median-income-limits-for-baltimore-city. El límite se aplica al ingreso total del hogar, no solo al del prestatario. Las cifras del ingreso mediano del área las publica HUD y se actualizan cada año, así que consulta la tabla vigente del condado antes de basarte en una cifra.

Direct Homeownership Assistance Program limita el precio de compra así: First-mortgage amount cannot exceed FHA loan limit for Baltimore MSA ($731,400 single-family in 2025/2026). Los tipos de propiedad elegibles incluyen Single-family detached, Townhome, Rowhouse, Condominium y 2-4 unit owner-occupied. La construcción nueva es elegible. Las viviendas prefabricadas no son elegibles.

Direct Homeownership Assistance Program menciona a compradores de vivienda con discapacidades entre los grupos a los que atiende. Aparecer aquí significa que el programa menciona al grupo, no que pertenecer a él baste por sí solo para que un solicitante califique; las demás reglas de elegibilidad siguen aplicándose.

Direct Homeownership Assistance Program atiende a compradores de vivienda que compran en Baltimore, Maryland.

Las solicitudes de Direct Homeownership Assistance Program se tramitan a través de la agencia que administra el programa, que publica los términos vigentes y los pasos de la solicitud en su propio sitio. Los fondos se reservan a través de Apply via Baltimore Applicant Portal (applicantportal.dhcd.baltimorecity.gov) along with FTHIP application. Approval required prior to closing. Hey Prescott no es un prestamista y no acepta solicitudes; esta página describe el programa para que un comprador de vivienda pueda llevarlo a un prestamista o a un asesor de vivienda.