New Baltimore City Home Buying Grant Program Only Available Until June 30, 2017

New Baltimore City Home Buying Grant Program 

Only Available Until June 30, 2017

The Maryland Mortgage Program just announced ANOTHER amazing program offered this time to home buyers in Baltimore City!  Read on for details....

• Fully forgivable GRANT monies of $7,500 that can be used for down payment and/or closing costs
• Income limits based on total household income.  1 to 2 person household income limit is $107,400 and 3 or more person household income limit is $125,300
• Program runs through May 1st to June 30, 2017 or until the money is gone
• Available for conventional or government loans, minimum credit score for conventional loans is 640, VA is 640 and FHA is 660
• This program can be combined with other City programs offered through the City of Baltimore, employers, builders, developers, non-profits, etc. 
• All properties located in Baltimore City except for Maryland Department of Housing and Community Development  REO properties
• Can be combined with the Maryland Tax Homecredit Program and CDA will waive the $450 CDA MCC fee
• Buyer does NOT have to be a first time home buyer, buyer must only occupy property as their primary residence and not own any other real estate at the time of closing
• Home buying counseling does NOT have to be taken prior to writing the contract of sale

If you are thinking of buying or selling an home in  Maryland give us a call at 410-292-0100 or start your search here and we'll talk about the market conditions and what your home could possibly be worth in today's market place if you are thinking of selling. If you are considering buying a home, there is no better time than now to buy. The tax savings and wealth building alone is worth the plunge into todays market.  Remax New Beginnings and I are connected with some of the brightest and best real estate agents in the world and can assist with your move here in Maryland or anywhere in the United States or abroad.  Ask me how.

June Piper-Brandon ~ Associate Broker ~ CDPE, CIAS, ePro, MRP

Remax New Beginnings

Grand Slam Grant Program for Buying a Home in Baltimore City

Grand Slam Grant Program for Buying a Home in

Baltimore City

Grand Slam Grant Program is a great opportunity to get some grant funds to buy a home in Baltimore City.  You'll need to take a Home Buyer Education class and have a one on one interview to qualify.  Be sure to connect with a Realtor that is familiar with Baltimore City grant programs and an approved lender.  

Baltimore City has over 225 distinct neighborhoods.  With so many great areas there is something for everyone.  

Downpayment Assistance Program for Baltimore City Homebuyers

City Lift Down Payment Assistance Program for Baltimore City Homebuyers

On January 2 the City of Baltimore and Wells Fargo unveiled the new City Lift Downpayment Assistance Program in the City of Baltimore.
City Lift Down Payment Assistance Program is a limited time program. It is designed to help aspiring homeowners pull together the necessary down payment monies to purchase a home. For a limited time, if eligible, homebuyers may be able to receive $15,000 for down payment assistance for the purchase of a primary owner-occupied residence in the City of Baltimore. The full $15,000 is forgivable after the purchaser has lived in the home for five years and if you sell before the end of five years then is forgiven at a rate of 20% per year.
Homebuyers must meet all the program requirements in order to be eligible for the down payment assistance and its ongoing benefits and these funds can be layered with other down payment assistance programs like the Vacant to Value program, Healthy Neighborhoods program, Live Near Your Work, Smart Keys for Employees and some others.
Homebuyers can purchase single family detached homes, 2-4 unit homes, condos and PUDS (planned urban development) but no manufactured homes and the property must be owner-occupied primary residence and the home must be in the City of Baltimore.
There are income limits and the City Lift down payment assistance program is available if you are approved for home financing and your household income is equal to or less than 120% of the Area Median Income adjusted for houshold size. Take a look at the table below.

Household Size	115%	120%
1	$68,950	$71,900
2	$78,800	$82,200
3	$88,650	$93,450
4	$98,450	$102,700
5	$106,350	$110,950
6	$114,250	$119,150
7	$122,100	$127,350
8	$130,000	$135,600

This program will be unveiled and available on January 2, 2013. If you want to qualify you need to start the process now so you don't miss out on the limited time funds. $1,000,000 will be released on January 2, 2013 and once those funds are gone then you have to wait until April 5 and 6, 2013 before the remaining funds are released and you'll need to qualify again.
If you are interested in purchasing a home in Baltimore City and you aren't already working with an agent please contact me so I can refer you to an approved lender and get you started on the path to home ownership.

If you are thinking of buying or selling an home in Maryland give me a call at 410-292-0100 or start your search here and we'll talk about the market conditions and what your home could possibly be worth in today's market place if you are thinking of selling. If you are considering buying a home, there is no better time than now to buy. The tax savings and wealth building alone is worth the plunge into todays market. Century 21 New Millennium is part of the largest nationwide relocation company and can assist with your move here in Maryland or anywhere in the United States or abroad. Ask me how.

In keeping with saluting our heroes, during 2012 I am waving flat fees for active duty military, retired military and the families of fallen military, as well as policemen, firemen and emt's. If you enter into a contract by the New Year's eve I will waive the flat fee at settlement. This is a $395 savings. If you are thinking about buying or selling a home give me a call and receive full service real estate assistance from an experienced agent. Our office is open 7 days a week and we can be reached at 410-730-8888 or I can be reached directly at 410-292-0100.

June Piper-Brandon ~ Associate Broker, CDPE, CIAS, ePro

Century 21 New Millennium