Baltimore County’s Neighborhood Stabilization Program gets home buyers up to $50,000! March 25, 2009
Posted by Patti Shawgo in Uncategorized.trackback
Baltimore County’s office of Community Conservation has come up with a new program that both helps home buyer’s get much needed money for closing cost and down payment assistance and reduces the number of vacant houses on the market. The Neighborhood Stabilization Program (or NSP) gets home buyer’s up to $50,000. Money becomes available in May, and prospective home buyers MUST complete an approved home buyer education class BEFORE going under contract.
Right now there are 2 approved counseling agencies that are doing home buyer counseling Diversified Housing and Harbel, and the classes are getting booked quick! In addition, Baltimore County is holding some classes of their own due to the high demand, and if you drop me a line, I can get you set up with this class.
Some great points about this program:
- You don’t have to be a first time home buyer
- Income limits are higher for this program than many other assistance programs
- The money is forgivable, a little bit is forgiven each year over 15 years
- The funds count as your own funds for FHA…this means you don’t necessarily need 3.5% of your funds!
- The program is only in specific zip codes
Hello,
I would like to get signed up for the class that is needed to be eligble for this loan. Planning to purchase by August
I would like to find out if there is a time limit for closing on a property using this incentive.
I need help getting in a first buyer program, the kind of help i need is to be walk through the whole process, my credit score is not that great.
I would like to get signed up for the classes. Signed up at June seminar and have not heard from anyone. I am planning to by a home by Aug/Sept.
Please help me sign up for a class as soon as possible.
please assist me with signing up for the class
I’m guessing someone looking to buy a $400k home won’t qualify, right?
I would like information on this program. I am looking to purchase a home in the 21207 zip code. I have already been preapproved for my fha loan and I want to complete the process as soon as possible.
I would like information on this program. I am looking to purchase a home in Dundalk and am a first time home buyer. I have already been preapproved for an FHA loan and am interested in purchasing my home in order to receive the $8000 credit being offered.
I would like information on the work shop programs, before November in order to receive the $8000.00 credit being offered.
I would like to find out if there is a class being held in my zipcode which is 21207.lf so I am interested in signing up for a class