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City Lift Down Payment Assistance Program for Baltimore City Homebuyer
City Lift Down Payment Assistance Program for Baltimore City Homebuyers
Yesterday I had the pleasure of attending an informational breakfast hosted by Wells Fargo and Neighborhood Housing Services about this great home ownership program that is going to be unveiled in the City of Baltimore on January 2, 2013. 
City Lift Down Payment Assistance Program is a limited time program.  It is designed to help aspiring homeowners pull together the necessary down payment monies to purchase a home.  For a limited time, if eligible, homebuyers may be able to receive $15,000 for down payment assistance for the purchase of a primary owner-occupied residence in the City of Baltimore.  The full $15,000 is forgivable after the purchaser has lived in the home for five years and if you sell before the end of five years then is forgiven at a rate of 20% per year. 
Homebuyers must meet all the program requirements in order to be eligible for the down payment assistance and its ongoing benefits and these funds can be layered with other down payment assistance programs like the Vacant to Value program, Healthy Neighborhoods program, Live Near Your Work, Smart Keys for Employees and some others. 
Homebuyers can purchase single ... more

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