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Baltimore City: Down Payment Grants for Healthcare Workers

UrbanLand Company
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Here’s a special report in from our new Hampden real estate office and First Time Buyer Workshops space. There are special grant programs you should know about if you work in healthcare at Johns Hopkins or anywhere else in Baltimore! “In the world of Down Payment Assistance, there are two types of programs,” said Gerard DiRuggiero, Principal Broker of UrbanLand Company. “You have forgivable grants (free money) and down payment assistance in the form of secondary loans with easy repayment terms. It’s always more exciting as a first time buyer when a free money grant is available. The exciting thing to know is that forgivable grants are available for the medical sector.” If you work in healthcare, you’re invited to join us at our regular weekly Workshops on Tuesday nights and Saturday mornings in Hampden.
We’re at 831 W. 36th Street on The Avenue right near Johns Hopkins. We also meet by phone and privately in person for anyone who wants assistance in getting started with a home. “Our Homebuyer Workshops team works hard to educate and guide the public, and our Workshop presenters naturally become the realtor for a large number of attendees,” commented DiRuggiero. “In Maryland, DC and Virginia, we’ve represented just over $49 million in first time buyer home purchases using special financing programs. The programs are easy to use and have wide eligibility guidelines.” Here’s a great example for healthcare workers.
  • You can make up to $125,000 per year in Baltimore and be eligible for assistance;
  • The grant pays for your 3.5% Down Payment requirement on an FHA first time buyer mortgage;
  • As agents, we pursue closing costs credits on your behalf during home search & negotiation to eliminate most of the rest of your purchase cash requirements;
  • Other grants are available for additional assistance specifically in the healthcare field;
If you’re a doctor, even if you’re just starting out, special mortgage programs exist that allow you to buy a home before paying off your medical school student loans. You can borrow up to $1 million on a very low down payment with flexibility on your student loans. Text/call 410.593.1399 to get started, attend a Workshop, or check your financial eligibility & get an estimate of how much home you can buy!
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