First-Time Homebuyers Incentive Program

Ang First-Time Homebuyers Incentive Program ay isang loan na mapapatawad para sa mga bibili ng bahay sa Baltimore, Maryland. Foundational Baltimore City DPA incentive: $10,000 forgivable second for first-time buyers, 5-year 20%/year forgiveness, 80% AMI cap, Baltimore City only. Pairs with MMP and FHA/VA/USDA/conventional first mortgages. $10,000 down payment and closing cost assistance for first-time homebuyers in Baltimore City (formerly $5,000. DOUBLED to $10,000 by Mayor Brandon Scott in April 2023). Structured as a 0% interest 5-year forgivable second mortgage, forgiven 20% per year over 5 years of continued owner-occupancy. Formerly known as the Community Development Block Grant (CDBG) Homeownership Assistance Program. 80% AMI household income cap. First-time homebuyers only. Property must be in Baltimore City. Buyer must contribute $1,000+ of own funds. Homeownership counseling certificate from city-approved agency required (valid 12 months). Pairs broadly with Maryland Mortgage Program (MMP) and other FHA/VA/USDA/conventional first mortgages. Foundational stackable Baltimore City incentive that other DHCD bonuses (Direct Homeownership Assistance +$5,000 for renters/disabled households) layer on top of. Ang pondo ay mula sa Federal CDBG at Local Government.

Pinapatawad ang First-Time Homebuyers Incentive Program pagkalipas ng 5 taon, kaya hindi na ito babayaran ng bibili ng bahay na mananatili nang ganoon katagal. Kailangang bayaran kapag may 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. Nakatala ang tulong bilang lien sa posisyong 2. Ang mga tuntunin sa pagpapatawad at pagbabayad ay itinatakda ng programa at maaaring magbago — kumpirmahin ang mga ito sa opisyal na pahina ng programa bago mag-apply.

Bukas ang First-Time Homebuyers Incentive Program sa mga unang beses na bibili ng bahay at mga bibili ng bahay na titira sa bahay bilang pangunahing tirahan. May mga eksepsiyon dito ang "unang beses": Single-parent / displaced-homemaker exceptions per HUD definition. Tungkol sa credit, sinasabi ng programa: No DHCD-published FTHIP minimum; first-mortgage lender's product minimums apply (typically 620-640). Kailangan ang kurso sa homebuyer education, sa pamamagitan ng Baltimore City-approved homeownership counseling agencies: NHS of Baltimore, Druid Heights CDC, Belair-Edison Neighborhoods, Southeast CDC, GO Northwest, St. Ambrose Housing Aid Center, Diversified Housing Development. Requirement sa paninirahan: Property must be in Baltimore City corporate limits and serve as primary residence. Citizenship o katayuan sa imigrasyon: U.S. citizen or eligible non-citizen per first-mortgage product rules. First-time homebuyer (no primary residence ownership in past 3 years; displaced-homemaker / single-parent exceptions per HUD). 80% AMI household income cap. Owner-occupied primary residence. Property must be in Baltimore City limits. $1,000 minimum buyer contribution from own funds. Homeownership counseling certificate (workshop + counseling session) from city-approved agency, valid 12 months. Fixed-rate first mortgage only (no ARMs, balloons, cash, owner-financing, co-signers). Mortgage cannot exceed FHA loan limit ($731,400). Housing Quality Standard (HQS) inspection required. Apply and be approved before closing.

Nililimitahan ng First-Time Homebuyers Incentive Program ang kita ng sambahayan sa 80% ng median na kita sa lugar, na nag-iiba ayon sa county at laki ng sambahayan. Household income at or below 80% AMI for Baltimore HMFA, by household size. Approximate 2026 80% AMI: $68,450 (1-person) to $129,050 (8-person). Verify current at livebaltimore.com/annual-median-income-limits-for-baltimore-city. Nalalapat ang limit sa kabuuang kita ng sambahayan, hindi lang sa kita ng nanghihiram. Ang mga numero ng median na kita sa lugar ay inilalathala ng HUD at ina-update taun-taon, kaya tingnan ang kasalukuyang talahanayan para sa county bago umasa sa isang numero.

Ganito nililimitahan ng First-Time Homebuyers Incentive Program ang presyo ng pagbili: First-mortgage amount cannot exceed FHA loan limit for Baltimore MSA ($731,400 single-family). Kabilang sa mga kwalipikadong uri ng ari-arian ang Single-family detached, Townhome, Rowhouse, Condominium, at 2-4 unit owner-occupied. Kwalipikado ang bagong gawang bahay. Hindi kwalipikado ang mga manufactured home.

Pinaglilingkuran ng First-Time Homebuyers Incentive Program ang mga bibili ng bahay sa Baltimore, Maryland.

Dumadaan sa ang ahensyang nangangasiwa ang mga aplikasyon para sa First-Time Homebuyers Incentive Program, na naglalathala ng kasalukuyang mga tuntunin at mga hakbang sa pag-apply sa sarili nitong site. Nirereserba ang pondo sa pamamagitan ng Apply online via Baltimore Applicant Portal (https://applicantportal.dhcd.baltimorecity.gov). First-come, first-served subject to fund availability. Pre-approval required before closing. Ang Hey Prescott ay hindi nagpapautang at hindi tumatanggap ng aplikasyon; inilalarawan ng pahinang ito ang programa para madala ito ng bibili ng bahay sa isang lender o housing counselor.