This is a special program for purchasers of already renovated homes from approved developers within the boundaries of a Healthy Neighborhood.
Eligible homes are formerly vacant homes developed by approved developers (see more about developer approval process below) in eligible Healthy Neighborhoods. There is no renovation work required for the home-buyer upon purchase. The interest rate will be fixed at 1% "below market." The term is 30 years. The loan requires no private mortgage insurance and a minimum of 3% down payment. See summary of key terms for more details.
Looking for a home that is renovated and move-in ready?
Now, for select properties only, the Special Purchase Program is available with our Interest Rate Reduction (IRR) Grant! Using the IRR Grant proceeds, HNI buys mortgage discount points on behalf of the borrower in order to reduce the borrowing rate to just 3.5%!
Ben Glover, Director of Capital Programs: bglover@healthyneighborhoods.org | (410) 332-0387 Ext. 1005
753 E 36th St, Baltimore, MD 21205
$339,900
- 4 Bedrooms
- 3 Bathrooms
- Located in the Central Cluster
514 Lyndhurst St, Baltimore, MD 21229
$245,000
- 3 Bedrooms
- 3 Bathrooms
- Located in the Edmonson Village Cluster
52 S Fulton Ave, Baltimore, MD 21223
$299,999
- 3 Bedrooms
- 3 Bathrooms
- Located in the Pigtown & Barre Circle Cluster
40 S Fulton Ave, Baltimore, MD 21223
$299,999
- 3 Bedrooms
- 3 Bathrooms
- Located in the Pigtown & Barre Circle Cluster
Are you a Developer with an Eligible Project?
Join us in our mission to increase values in Baltimore City neighborhoods and reduce vacancies. Eligible developers can partner with Healthy Neighborhoods to get homeowners into properties across the city. We work with developers by providing loans to eligible homeowners that have favorable terms (like 1% below-market interest rates, minimum 3% home down payment, and no private mortgage insurance). We have worked with hundreds of homebuyers across 50+ neighborhoods in Baltimore City. Fill out the form linked below to see if you are interested in having your project potentially becoming eligible for homebuyers to use a Healthy Neighborhood loans.
Contact Ben Glover with questions about the program or the application:
- Phone: 410-332-0387 ext 1005
- Email: bglover@healthyneighborhoods.org
