NHS offers you affordable loans to buy, improve, and keep your home. We are your neighborhood lender. We also offer consumer loans to fit your needs.

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Loans Offered by NHS

Consumer Loans
Loans ranging from $400-$3,000 that require little to no security and can be approved in two weeks!


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

Loans ranging from $300-1,000 that require little to no security and can be approved in two weeks!
Rehab Loans

Low interest home-improvement loans to help you make your home safe and comfortable.
Home Purchase Loans

Also known as BOOST, this loan program helps individuals lacking a credit history to apply for a mortgage.
Types of Consumer Loans
See requirements
Employer-based Small Dollar Loan
Eligibility:
The Community Loan Center of the Chesapeake offers employers in 5 Maryland counties the ability to offer their employees a way to overcome financial hardships. Learn more here.
- - Must work at a participating employer for at least 3 months
- - Must have a checking account
- - Must be eligible for employee benefits
- - Must have an ability to repay the loan
For more information contact Rena Somar at:
rsomar@nhsbaltimore.com or call 410-327-1200 (ext.116)
Requirements:
LOANS
$400 - $1000
Repayment Time
12 months
Free financial counseling available
Interest Rate
18% + $20 administrative fee
Employment
Working at a participating employer for at least 3 months
Repayment Schedule
Loans are automatically repaid through payroll deduction
No prepayment penalties
Banking requirement
Checking account
Underwriting
Must have an ability to repay the loan
Credit
No credit history or collateral needed
Types of Rehab Loans
See requirements
Up to $3000 Small Rehab Loan
If you do not have enough equity in your house but need repairs, then this is the route for you.
Eligibility:
- - Must be employed continuously for 1 year
- - Must have direct deposit
- - Must reside in Baltimore City or County
- - Must have credit score of at least 620
For more information contact Intake Team at:
lendingadvisor@nhsbaltimore.com or call 410-327-1200 (ext.103 or 104)
Requirements:
LOANS
Up to $3000
Repayment Time
Up to 3 years
Interest Rate
8%
Employment
Must be employed continuously for 1 year
Repayment Schedule
Monthly ACH payment optional
Banking requirement
Must have bank account
Underwriting
Must have an ability to repay the loan
Credit
Credit score of 620 and above.
See requirements
Up to $7500 Quick Fix Loan
With this mortgage loan product, you could install a new heat pump or insulate your attic and improve efficiency. You can choose your own contractor to complete the work and may close in as little as 30 days. Borrow up to $7,500 at a 5% interest rate payable for 5 years.
Eligibility:
- - Must reside at or below 120% of the Area Median Income
- - Must reside in Baltimore City or County
- - Must have credit score of at least 620
- - Must have equity in the amount of the loan
For more information contact NHS at:
Requirements:
LOANS
$3001 - $7500
Repayment Time
Up to 7 years
Interest Rate
5%
Employment
Must be employed continuously for 1 year
Repayment Schedule
Monthly direct deposit option
Banking requirement
Must have direct deposit
Underwriting
Must have an ability to repay the loan
Credit
Credit score of 620 and above.
See requirements
Over $7500 Large Renovation Loan
Eligibility:
With this loan you could borrow up to $30,000 at a 0% - 4% interest rate. Payments can be deferred until you sell your home depending on your ability to repay the loan. Use this loan to cover costly improvements such as new roof, furnace, electric or plumbing.
- - Must reside at or below 120% of the Area Median Income
- - Must reside in Baltimore City or County
- - Credit reviewed
- - No medical collections over $1000
- - No judgements no liens
For more information contact NHS at:
Requirements:
LOANS
$7501 - $30,000
Repayment Time
Up to 20 years
Interest Rate
0% - 4%
Employment
Must have 1 year stable income
Repayment Schedule
Based on the ability to repay
Banking requirement
No requirement
Underwriting
Must have an ability to repay the loan
Credit
Credit reviewed no score required
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:
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.