This Saturday, May 8, 2010, you can qualify for $3,000 to help buy a home in the West side of Baltimore City in the Buying Into Baltimore 2010 Homebuyer Fair and Neighborhood Tour.

What do you have to do to qualify for the $3,000 award?

First, you must visit 4 of the 16 homes featured on the tour. These are just samples of homes on the market that would qualify for the award. Meet and begin at the Polytechnic Institute at 1400 West Coldspring Lane, Baltimore, MD 21209. (As a side note, the East Side Buying Into Baltimore 2010 Homebuyer Fair and Neighborhood Tour will be September 11, 2010).

More details to qualify and receive the award from the site:

Bring your validated/stamped ticket, signed contract of sale & photo ID to Baltimore Housing, Office of Homeownership (417 E. Fayette St. Suite 1125 – contact info will be on ticket). You will be eligible for the award funds if all of the following conditions are met:

  • A housing counseling certificate is required before a commitment letter for award funds will be issued. Counseling must be completed prior to signing a contract of sale. We urge you to get this housing counseling as soon as you can; it must be completed BEFORE signing the sales contract. Click here for a list of housing counseling agencies.
  • You are one of the first 50 people to submit the validated home tour ticket, valid homeownership counseling certificate, and signed contract of sale to the City’s Homeownership Office.
  • You must use this home as your primary residence.
  • You close on your new home within 90 days from the event date. Contracts signed prior to the event will not be eligible for the award funds.
  • Your property is within the fair boundaries.
  • Your mortgage amount cannot exceed $417,000.
  • You are encouraged to use a Fannie Mae or Freddie Mac approved lender.
  • You must invest a minimum of $1,000 from personal funds/resources.
  • The award is secured by a Deed of Trust written for a five-year term; the payback obligation reduces 20% for each year of occupancy and is released after the five year period.
  • Purchase contracts must be signed and dated after the “Buying into Baltimore” event, not before. Contracts signed prior to the event date will not be accepted.
  • So here you have a great opportunity to buy a home in Baltimore City and receive a reward for doing so!

    Contact me for more information on the West Side Buying into Baltimore 2010 Homebuyer Fair and Neighborhood Tour.