Healthy Neighborhoods oversees a $35 million private loan fund and provides special below-market loans to homebuyers and homeowners in Baltimore City to encourage investment and standard-setting renovation. Healthy Neighborhoods provides four innovative loans to eligible borrowers.
Purchase & Rehab
Buying a home in one of Baltimore’s Healthy Neighborhoods? Healthy Neighborhoods offers a loan to help you purchase and renovate your new house. What’s in it for you? A below-market interest rate, design advice, no private mortgage insurance requirement and more. What’s in it for us? We get new neighbors invested in keeping Baltimore beautiful!
Refinance & Rehab
Already live in a Healthy Neighborhood? We can refinance your existing mortgage and lend you additional funds to update your home.
Home Improvement
If you live within the boundaries of a Healthy Neighborhood, we offer this loan to help you complete some renovation to your home. You can borrow between $5,000 and $20,000 to build a chef’s kitchen, put in a spa bathroom, update outdated windows, upgrade with new mechanical systems–whatever your home deserves and you desire.
Special Purchase Program
Our Special Purchase Program mortgage loan (SPP) is available to home buyers purchasing formerly vacant homes renovated through Healthy Neighborhoods approved developers.
Reinvest Baltimore Rate Savings Loan
For select Baltimore City properties (see below), qualified homebuyers can take advantage of Healthy Neighborhoods’ ‘Reinvest Baltimore Rate Savings’ loan program, which offers a below-market fixed interest rate of as low as 3.5%, made possible through funding from the State of Maryland.
To contact us concerning our loans, please direct your inquiry to Ben Glover at ext. 1005
