Buying Into Baltimore Down Payment and Closing Cost Assistance

Buying Into Baltimore Down Payment and Closing Cost Assistance是面向Baltimore，Maryland购房者的可免除贷款。 $5,000 down payment / closing cost incentive awarded by lottery (~20 winners per Trolley Tour event, 3x/year). 5-year forgivable second. NO income limit, NOT FTHB-only. Open to any qualified Baltimore City buyer who attends and completes Live Baltimore's Trolley Tour requirements. Administered by Baltimore City DHCD; promoted by Live Baltimore. Buying Into Baltimore is a $5,000 down payment and closing cost incentive structured as a 5-year forgivable loan, awarded by lottery to buyers who attend Live Baltimore's Trolley Tour event (held three times per year - typically a spring, summer/fall, and special event). Approximately 20 homebuyers are randomly selected from the post-event eligible-applicant pool to receive the $5,000 incentive. The loan is administered by Baltimore City Department of Housing & Community Development (DHCD) and forgiven 20%/year over 5 years of continued owner-occupancy as primary residence. NO household income restriction and NOT limited to first-time homebuyers - making this one of the most broadly accessible Baltimore City incentives. Property must be located within Baltimore City limits. Buyer must contribute at least $1,000 of own funds. Homebuyer counseling certificate from a city-approved agency required (valid 12 months). Pairs with Maryland Mortgage Program (MMP) first mortgage and other FHA/VA/USDA/Conventional fixed-rate first mortgages. 资金来自Federal CDBG和Local Government。

Buying Into Baltimore Down Payment and Closing Cost Assistance在5年后免除，因此住满这段时间的购房者无需偿还。 触发还款的情形：Forgiven 20% per year over 5 years of continuous owner-occupancy. If property is sold, transferred, refinanced (cash-out), or no longer primary residence within 5 years, prorated unforgiven balance becomes due. 该援助以2顺位留置权登记。 免除和还款条款由项目设定，并可能变化——申请前请在项目官方网页上确认。

Buying Into Baltimore Down Payment and Closing Cost Assistance面向将房屋作为主要住所自住的购房者。 关于信用，该项目说明：No DHCD-published Buying Into Baltimore minimum; first-mortgage lender's product minimums apply (typically 620-640). 须参加购房者教育课程，由Baltimore City-approved homeownership counseling agencies (e.g., NHS of Baltimore, Druid Heights CDC, Belair-Edison Neighborhoods, Southeast CDC, GO Northwest, St. Ambrose Housing Aid Center).提供。 居住要求：Property must be located within Baltimore City corporate limits and serve as borrower's primary residence. 公民身份或移民身份：U.S. citizen or eligible non-citizen per first-mortgage product rules. Must attend Live Baltimore's Trolley Tour event and complete all post-event requirements (verification, attendance code, lottery registration). Approximately 20 winners drawn 12 business days after each Trolley Tour. Must complete homeownership counseling and obtain certificate from city-approved agency before making offer (certificate valid 12 months). Property must be Baltimore City. Owner-occupied primary residence. Buyer must contribute $1,000+ of own funds. Fixed-rate mortgage only (ARMs, balloons, cash, owner-financing not eligible). Mortgage cannot exceed FHA Baltimore MSA loan limit ($731,400 for 1-unit). Must apply and be approved before closing.

Buying Into Baltimore Down Payment and Closing Cost Assistance的收入限制如下：NO household income restriction for Buying Into Baltimore. (Income range $68,450-$129,050 in LendSquawk seed reflects the typical 80% AMI Baltimore HMFA range used for layered Baltimore City programs; Buying Into Baltimore itself has no cap.)。 该限制适用于家庭总收入，而不仅是借款人的收入。 地区收入中位数由HUD公布并每年更新，因此在依据某个数字之前，请查看该县的最新表格。

Buying Into Baltimore Down Payment and Closing Cost Assistance将房价上限设为$731,400。 符合条件的房屋类型包括Single-family detached、Townhome、Rowhouse、Condominium和2-4 unit owner-occupied。 新建房屋符合条件。 预制房屋不符合条件。

Buying Into Baltimore Down Payment and Closing Cost Assistance服务于在Baltimore，Maryland购房的购房者。

Buying Into Baltimore Down Payment and Closing Cost Assistance的申请通过管理该项目的机构办理，该机构在其网站上公布现行条款和申请步骤。 资金通过Lottery: Attend Live Baltimore Trolley Tour, complete attendance verification, register for lottery via Baltimore Applicant Portal (https://applicantportal.dhcd.baltimorecity.gov). Drawing held 12 business days after Trolley Tour. ~20 winners per drawing.预留。 Hey Prescott不是贷款机构，也不受理申请；本页介绍该项目，方便购房者向贷款机构或住房咨询师咨询。