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BOOST/Alternate Credit Loan

Alternative Credit Small Mortgage

Type Of Program

Home Purchase Mortgage

Program distribution

Deferred Second Mortgage

Program Originator

NHS Baltimore

Program URL

https://www.nhsbaltimore.org/get-a-loan/

Amount

$75.00

Contact

NHS Baltimore

Location

Mortgage Lender

Kwasi Frye

Description

BOOST/Alternate Credit Loan is a 15-year fixed-rate loan for up to $75,000 for Baltimore City or Baltimore County residents looking to purchase a single-family home in Baltimore City or County. This loan is specifically for homebuyers with an untraditional credit history.

AMI Limit

Yes

AMI

105%

Must Earn Counseling Certificate

Yes

Eligibility Limitations

- Primary residence - Baltimore City or Baltimore County - Obtain a Housing Counseling Certificate - Single-Family Home -680+ Credit Score - Homeowner’s insurance required - Escrow of taxes and insurance required

Cosigner Permitted

Yes

Must be Primary Residence

Yes

Program Provider's Contact Name

Rena Somar

Program Provider's Address

25 E. 20th Street, Suite 170 Baltimore, MD. 21218

Program Provider's Phone

4103271200

Program Provider's Email

lendingadvisor@nhsbaltimore.com

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