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July 19, 2017

Project Reinvest in Baltimore City

Category: Down Payment Assistance Loan Origination Market Updates

The Neighborhood Housing Services of Baltimore and the Maryland Mortgage Program are partnering to promote Project Reinvest in Baltimore City.  They are offering additional down payment assistance of $10,500 for eligible purchases in Baltimore City.

The NHS help people find a place they can call home in Baltimore by gathering resources, simplifying information, researching money-saving incentives and offering firsthand knowledge about the city with the goal of cultivating and maintaining thriving neighborhoods.  The MMP is a home loan program that offers down payment and closing cost assistance in addition to free/low-cost homebuyer education.

With the help of these programs, First Home Mortgage Corporation can make your dream of owning a home in the newly rejuvenated Baltimore City a dream come true.

Highlights of this new project are:

  • Only available for properties in Baltimore City
  • Neighborhood Housing Services will provide the DPA of $10,500
  • May be combined with other Maryland Mortgage Program products
  • Program-specific income limits apply (see below)*
  • First Home Mortgage is an approved lender by the Maryland Mortgage Program

*Household size/ Income limits
1 Person/ $63,800
2 People/ $72,900
3 People/ $82,000
4 People/ $91,100
5 People/ $98,400
6 People/ $105,700
7 People/ $113,000
8 People/ $120,300

Want to see if you qualify for this down payment assistance in Baltimore City? Contact First Home today. Click Here!