Low to Moderate Income (LMI) Closing Costs
Closing Costs
Forgivable Second Mortgage
Baltimore County Department of Planning
$10.00
SingleFamilyHousing@dhcd.state.md.us
Settlement Expense Loan Program (SELP) provides assistance to moderate to low income, first-time homebuyers up to $10,000 to help pay closing costs within the designated Community Conservation Areas of Baltimore City. A deferred loan that is forgivable if the homeowner occupies the property as their principal residence during a time of affordability as required by the Home Investment Partnerships Act for 15 years. Must attend a first time home buyer two-part; workshop and have an individual; financial counseling with a housing counselor.
Forgivable loan if homebuyer occupies the property as their principal residence during a time of affordability as required by the Home Investment Partnerships Act for 15 years.
mdwilliams@baltimorecountymd.gov