Do I have to attend a Neighborhood Tour or Homeownership Counseling to attend Buying Into Baltimore?
No. Homebuyers can still attend a Buying Into Baltimore event if they do not attend a Neighborhood Tour. But you will be missing out! The tours are a casual and authentic way to stop by a neighborhood and meet the folks who actually live there. Ask them where to buy groceries. Ask them what schools their children attend. Ask them where they like to grab dinner on a Friday night. Not to mention the chance to walk through houses for sale and talk with the Live Baltimore staff!
Homebuyers can still attend a Buying Into Baltimore event if they do not attend Homeownership Counseling. But please note, all homebuyers must earn a city-certified Homeownership Counseling Certificate to be eligible to use the $4,000 incentive. That is why Live Baltimore recommends you earn it prior to attending Buying Into Baltimore. There is a 90-day timeframe from the day of the event in which homebuyers must go under contract on their home.
How do the Buying Into Baltimore events work?
Buying Into Baltimore are homebuying events, and those who attend an event are eligible for a $4,000 homebuying incentive. Every year, there are two events, a spring/summer event and a fall event. At the events, homebuyers can take a narrated bus tour of homes and neighborhoods (or attendees may drive themselves), sit-in on homebuying workshops, have opportunities to speak with trusted real estate professionals and lenders, get insider perspective from neighborhood associations and neighbors, and have a truly authentic and educational experience to help with their homebuying decisions.
Neighborhood & Home Tours: bus or self-driven?
Each year, Live Baltimore searches the City to create authentic tours of homes and neighborhoods that are great opportunities for homebuyers. For each tour, we highlight financial incentives that may be used toward the featured homes as well as some of the reasons why the neighborhoods offer a superior quality of life (like schools, walkability, local retail, and green space, among others!). (please note, eligibility for financial incentives varies based on the property, neighborhood, and homebuyers' personal financial situations. All homebuyers will have to qualify through a mortgage lender.)
Narrated Bus Tour
In which neighborhood is the house I want to buy located?
If you have a home in mind and want to know which neighborhood it is in, use Baltimore City's online mapping application, CityView.
What is this $4,000 incentive?
The $4,000 incentive can be used toward downpayment and closing costs. The $4,000 is a 0% interest, forgivable loan. As long as the homebuyer stays in the house for five (5) years as the primary resident, then the forgiveable loan will not have to be repaid. The forgiveable loan balance reduces 20% each year you live in the house, and is gone after a five years.
How do I use the $4,000 incentive?
Homebuyers are eligible to use the incentive if all of the following conditions are met:
What is the Vacants to Value $5,000 incentive?
For designated Vacants to Value houses, the Buying Into Baltimore incentive amount is increased to $5,000 to use toward downpayment and closing costs. There are other incentives for which homebuyers may qualify that can be used toward the purchase and renovation of a designated Vacants to Value home, click here to learn more.
Questions? Call Baltimore Housing’s Office of Homeownership directly at 410.396.3124.
Are only the featured homes on the tour eligible for the $4,000 incentive?
No! The featured houses for sale on the tour qualify, but the incentive eligibility is not limited to those featured houses. As long as the house is within Baltimore City and is under $417,000, that home is eligible for the incentive.
I have a house for sale. Can I get it to be included on the tour?
Want to Volunteer?
If you are interested in volunteering for Buying into Baltimore, please email firstname.lastname@example.org.
Want to Learn More?
If you want more information about City life, simply fill-out our customer profile and we'll quickly get information out to you!