Purchase & Rehab Loan
A home purchase and renovation loan for eligible borrowers buying a home within a designated Healthy Neighborhood area. Offered by Healthy Neighborhoods, Inc..
Key Facts
- Funder
- Healthy Neighborhoods, Inc.
- Award amount
- Not specified by funder
- Deadline
- Rolling / not specified
- Geography
- Maryland
- Categories
- Community Development
- Status
- Open
About This Grant
A home purchase and renovation loan for eligible borrowers buying a home within a designated Healthy Neighborhood area. Borrowers must use the loan to make improvements to the property at the time of purchase. The loan offers a fixed interest rate 1% below market, requires no private mortgage insurance, and allows borrowers to finance up to 110% of the after-rehabilitation appraised value. Borrowers must contribute 3% of the purchase price from their own funds. Design assistance from an...
Full requirements and application instructions: official listing.
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