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Archive for Grant Programs
HUD Income Guidelines for Baltimore County MALP and SELP, Baltimore City CDBG, and Federal Home Loan Bank’s FHP
Below is the new HUD income guidelines for Baltimore County MALP, SELP, Baltimore City CDBG, and Federal Home Loan Bank’s FHP effective July 13, 2011. 80% Income 1 Person $44,950 2 Person $51,400 3 Person $57,800 4 Person $64,200 5 Person $69,350 6 Person $74,500 7 Person $79,650 8 Person $84,750 Contact me for more [...]
Spring Market Has Arrived!
Spring is here and the real estate market is beginning to heat up! Programs for first-time home buyers are in full bloom. I am beginning to see a few multiple offers on really nice houses. Here is a spring cleaning item you can do to get prepared. Get preapproved before you go house shopping. On [...]
Federal Home Loan Bank (FHLBank) Funds are Available up to $7,500 Towards Down Payment and Closing Costs!
Starting yesterday January 2oth, Federal Home Loan Bank (FHLB) funds became available again. This first-time home buyer program (FHP) provides matching funds to qualified first-time home buyers. The FHP match contribution is 5-to-1. Specifically, for every $1 of contribution the home buyer provides; FHLBank will provide assistance, up to a maximum of $7,500. To receive the maximum contribution [...]
Free Home Buyer Seminar at Na’Klectic Natural Hair Gallery and Spa Saturday September 11, 2010!
I will be conducting a free home buyer seminar on Saturday September 11, 2010, from 12-00pm- 2:00pm at Na’Klectic Natural Hair Gallery and Spa. The theme of the seminar is “How to Buy A Home in the New Economy and Save Thousands of Dollars.” Some of the topics I will cover are 1. Understanding [...]
Federal Home Loan Bank of Atlanta (FHLB) Program Starts April 19, 2010 up to $7,500 in Grant Money for First-Time Home Buyers!
The Federal Home Loan Bank of Atlanta first-time home buyer program (FHP) will start on April 19, 2010. Through its FHP, the Bank will provide up to $7,500 in matching funds per eligible household for down payments and closing costs. The Bank has preliminarily allocated approximately $11 million dollars of funds for the 2010 FHP [...]
Community Development Block Grant Program (CDBG) $5,000 for Closing Costs and Down Payment Assistance
Baltimore City’s Community Development Block Grant Program started this month. The program provides funding that can be used as closing cost and downpayment assistance. Only first-time home buyers with family incomes of 80 percent or below the area median income qualify for the program. Community Development Block Grant Program 2009 Income Limits are: 1 person [...]
Who is a First-Time Home Buyer?
“First-time home buyer” is defined by the Cranston-Gonzalez National Affordable Housing Act of 1990. The code specifies: The term “first-time home buyer” means an individual and his or her spouse who have not owned a home during the 3- year period prior to purchase of a home with assistance under subchapter II of this chapter, [...]
Federal Home Loan Bank of Atlanta Funds are Available up to $10,000 for First-Time Home Buyers!
The Federal Home Loan Bank of Atlanta funds are available with some participating lenders. Member Banks can access up to $1 million annually and distribute matching FHP awards up to $10,000 per household to eligible home buyers. The program is a 5 to 1 match. If a buyer puts $2,000 of their own funds in [...]
Free Home Buyer Workshop with Harbel Housing Partnership!
I will be presenting this evening for Harbel Housing Partnership from 6-9pm at the White Marsh Library 8133 Sanpiper Cir. 21236. Harbel is a nonprofit organization that specialize in homeownership education for first-time home buyers. They conduct numerous workshops throughout the year. I have been working with Harbel for 5 years. If you would like [...]
Baltimore County Neighborhood Stabilization Program “NSP” $50,000 Loan for Home Buyers
Baltimore County is starting a program to encourage home buyers to consider homeownership in existing residential communities that have foreclosed properties in the 21207, 21220, 21221, 21234, 21244, 21133, and 21117 zip codes. Before signing a real estate contract, a buyer must complete TWO workshops (home buyer and pre-settlement) and counseling with a Baltimore County affiliated [...]
