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Office of Homeownership
Buying Into Baltimore Fairs and Trolley Tours
Contact: Michael Guye 410-396-3124
What is it?
This program is a joint venture of the City of Baltimore and the Live Baltimore
Home Center. Neighborhood tours are scheduled in the spring and fall. The first 50
homebuyers that attend the trolley tour and execute a sales contract within 90 days of
the fair receive a $3,000 award towards closing costs.
Who is eligible?
Homebuyers executing contracts of sale within 90 days of the Buying Into Baltimore
Home Buying Fair and Neighborhood Tours. Validated tickets are accepted on a firstcome,
first-served basis at the Office of Homeownership.
What are the benefits?
$3,000 down payment and closing assistance with no annual income limits.
What are the restrictions/loan terms?
Mortgage loan may not exceed $417,000. Buyer must contribute at least $1,000 towards
purchase and must use the property as the principal residence. Borrower must attend the
fair, get a ticket, and have ticket validated in at least four tour homes. The home must be
located in the designated region for that fair. Contract must be signed after the event.
Closing on the property must occur within 90 days of the event date. Loan is forgivable
(20 percent per year) over 5 years for each year of occupancy.
How to Receive Your $3,000 Down Payment & Closing Cost Award
Please note the new requirement by the City of Baltimore in order to qualify
for the $3,000 award.
How to Qualify for the $3,000 Award
 Attend a Buying Into Baltimore Fair and have your ticket stamped in at least 4 of the
16 featured tour homes.
You must purchase a home in Baltimore City. This is not limited to only the featured
tour homes but can be any home located in the designated region of the city.
Contract of sale must be signed AFTER the date of the event; contracts signed prior
will not be eligible.
Closing on the property must occur within 90 days of the event.
Program applicants are required to get one-on-one counseling and a counseling
certificate from a City-approved counseling agency prior to signing a contract of
sale.
There are no annual income limits, and you do not have to be a first time
homebuyer.
Buyer must:
Agree to use the Baltimore City property as his/her principal residence.
Use a Fannie Mae or Freddie Mac approved lender with a mortgage loan
amount not to exceed $417,000.
Contribute at least $1,000 towards purchase.
Complete homeownership counseling and receive a certificate of completion
prior to signing a contract of sale.
To Receive Your Award
1. Submit a copy of your executed contract of sale, validated home tour ticket, counseling certificate and picture ID in person to:
Baltimore Housing Office of Homeownership
417 E. Fayette Street, Suite 1125
Baltimore, MD 21202
For award information, call: 410-396-3124.
2. All contracts with validated tickets will be accepted on a first-come, first-served
basis at the above address.
3. Those received will be stamp-dated and placed on a list for the first 50 received
for the fair tour.
4. All others will be placed on a waiting list.
5. If awarded, the City will give an instruction sheet and a commitment letter for the award funds, and funds will be issued at closing.
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