Our Loans

Healthy Neighborhoods oversees a $30.5 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.

MAY 2019 UPDATE:

As a result of higher interest rates and an energized housing market in many of the Healthy Neighborhoods, we have committed funds in the Healthy Neighborhoods Loan Pool more quickly than we expected.  We expect to raise additional funds in the next 60 days. 

If you are purchasing a home and are under contract, you are advised to seek other financing.

If you need a refinance/rehab loan or a home improvement loan, please call Rahn Barnes at Healthy Neighborhoods at 410-332-0387 x 154.  He will take your reservation and answer any questions you may have.  Once additional funding is available, we will process loan applications in the order we receive them.

For a list of loan pool lenders who have contributed to this fund, click here.

To request special consideration or exception to the Term Sheet, click here.


Purchase & Renovate

Buying a home in one of Baltimore’s Healthy Neighborhoods? Healthy Neighborhoods offers a loan to help you purchase and renovate your new house on Healthy Neighborhoods target blocks. What’s in it for you? A below-market interest rate, free design advice, no private mortgage insurance requirement and more. What’s in it for us? We get new neighbors invested in keeping Baltimore beautiful!

Limited Funds for Purchase Only

Interested in a home in one of Baltimore’s Healthy Neighborhoods that doesn’t require renovation to achieve a move-in condition? $3 million is available to assist those who are looking to purchase without renovations.


Special Purchase

The special first mortgage loan is available to home buyers who will purchase formerly vacant homes in Belair-Edison developed by St. Ambrose Housing Aid Center and other formerly vacant homes developed by Healthy Neighborhoods approved developers.


Refinance & Renovate

Already live in a Healthy Neighborhood? We can refinance your existing mortgage and lend you additional funds to update your home on a target block.


Home Improvement

If you live within the boundaries of a Healthy Neighborhood but not on a target block, 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.

To contact us concerning our loans, please direct your inquiry to Rahn Barnes at ext. 154