Get a Loan

Get a Loan

Loans Offered by NHS

Rehab Loans

Home-improvement loans to help you make your home safe and comfortable.

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Home Purchase Loans

Also known as Tu Hogar, this loan program helps individuals lacking a credit history to apply for a mortgage.

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Types of Home Purchase Loans

See requirements

BOOST/Alternate Credit Loan

BOOST loan is a home purchase loan that assists individuals without traditional credit history in qualifying for a mortgage.

Eligibility:

With this loan you could borrow up to $75,000 for the purchase of a primary single family residence. The borrower must:

  • - Occupy the property as a primary residence and cannot own another property
  • - Purchase the property in Baltimore City.
  • - Obtain a Housing Counseling certificate from a HUD-Approved counseling agency and have obtained 8 hours of homebuyer education

For more information contact Rena Somar at:

lendingadvisor@nhsbaltimore.com

 

Requirements:

LOANS

Fixed rate up to $75,000
$5K of the $75K can be set aside or repairs

Repayment Time

15 years

Interest Rate

6%

Purchase Price Limit

No limit

Maximum CLTV

105%

Credit Score

680 minimum score or alternate credit: 12 months of on-time rent & two other trade lines showing 12 months of on-time payment

Escrow

Homeowner’s insurance required
Escrow of taxes and insurance required

See requirements

The Tu Hogar program

The Tu Hogar program is a home purchase loan that assists individuals without traditional credit history in qualifying for a mortgage. For more information please visit our partners at Southeast CDC or the Latino Economic Development Corporation.

Happy Holidays!

We will close early on December 23 and reopen on January 3.

To register for the NHS Homebuyers' Education class, please click the button below.
Click Here to Register
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