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.

NHS will be closed on Monday, July 4, to celebrate Independence Day.
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