Deferred Loan Program
What is it?
The Deferred Loan Program offers below market-rate rehabilitation loans for owner-occupied properties. Loans up to $10,000 are available to very low-income households. Typical repairs qualifying for this assistance include, but are not limited to: furnace, roof, electrical, and plumbing repair, and accessibility improvements for elderly/handicapped homeowners.
Who is eligible?
Households below 50% of Baltimore City median income levels (i.e. $32,850 for a two-person household).
All Baltimore City homes and condominiums, including units with one to two dwellings, as long as the owner resides on the property
The underwriting staff will determine eligibility for specific loan programs following review of the application, income verification, credit reports, tax assessment and property value.
50% of Baltimore City Median Income Level by Household Size
Household size
1 Person - $28,750
2 Person - $32,850
3 Person - $36,950
4 Person - $41,050
5 Person - $44,350
6 Person - $47,600
7 Person - $50,900
8 Person - $54,200
What are the benefits?
Structural repair promotes safe and adequate living conditions for all property residents. Maryland law requires compliance with health and building codes.
What are the loan terms?
A loan up to $10,000 is available to qualifying households with a 3 % interest rate.
The homeowner makes no monthly payments and all payments are deferred until after the sale or transfer of title to the property
All application fees and closing cost are included in the loan amount.
How do I apply?
Download an application, or pick up an application at one of our six Community Action Centers.
For more information about this program, contact:
Baltimore Housing
Office of Rehabilitation
417 E. Fayette Street, Suite 1125
Baltimore, MD 21202
P: 410-396-4151
Office hours: 8:30 AM - 4:30 PM, Monday - Friday