Special Purchase Program (SPP) Mortgage Loan
A purchase-only mortgage loan program for homebuyers purchasing already-renovated, formerly vacant homes developed by HNI-approved developers within designated Healthy Neighborhoods boundaries in Baltimore City. 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 purchase-only mortgage loan program for homebuyers purchasing already-renovated, formerly vacant homes developed by HNI-approved developers within designated Healthy Neighborhoods boundaries in Baltimore City. The renovation is already complete — the buyer does not need to manage any rehab work. The loan offers a 30-year fixed interest rate 1% below market rate (floor 3%), no private mortgage insurance, a minimum 3% down payment, a maximum loan amount of $375,000, and a minimum credit score...
Full requirements and application instructions: official listing.
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