I'm looking for closing cost assistance for FHA 203k Loan

I'm looking for closing cost assistance for FHA 203k Loan

Baltimore, MD · Member since 2016 · 8 posts · 0 votes

In need of any closing cost assistance programs for 203k loan from Baltimore? If not what loan can I use to purchase, fix up and live in of 1-3 units multi-fam

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Harjeet BhattiPro Member
Lender · Glenview IL- CDLP NMLS#230554 · Member since 2015 · 2k+ posts · 747 votes
8y

@Wardell Hall FHLB has announce down payment assistance program starting again nationwide. Its $6000 for closing cost. This program can be used with FHA and Conventional loan. You can ask your lender if they offer and can combine with 203K.

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  • Harjeet BhattiPro Member
    Lender · Glenview IL- CDLP NMLS#230554 · Member since 2015 · 2k+ posts · 747 votes
    8y

    @Wardell Hall FHLB has announce down payment assistance program starting again nationwide. Its $6000 for closing cost. This program can be used with FHA and Conventional loan. You can ask your lender if they offer and can combine with 203K.

  • Real Estate Agent · Baltimore, MD · Member since 2016 · 142 posts · 75 votes
    8y

    Are you saying you need assistance for the downpayment, appraisal, inspection fees, etc?  Are you a first-time home buyer?  Maryland does have programs to help with closing costs.

  • Baltimore, MD · Member since 2016 · 8 posts · 0 votes
    8y

    No not for down payment but if it's a program yes I'll take it but just for closing cost

  • Real Estate Agent · Baltimore, MD · Member since 2016 · 142 posts · 75 votes
    8y

    Check out:

    https://livebaltimore.com/financial-incentives/

    http://mmp.maryland.gov/Pages/default.aspx

    Depending on where the property is, there is the Healthy Neighborhood program.

  • Real Estate Agent · Baltimore, MD · Member since 2016 · 142 posts · 75 votes
    8y
    Originally posted by @Wardell Hall:

    No not for down payment but if it's a program yes I'll take it but just for closing cost

     How much do you need for closing costs?  Are you already speaking with a lender?  Are you currently under contract on a property?

  • Baltimore, MD · Member since 2016 · 8 posts · 0 votes
    8y

    @Nicole B. Yes I do have a lender, but for now I'm going to stick with the MMP thanks for the info

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