Buying a home is one of the most important financial steps many families will take—and assistance with the cost of purchasing a home can make that goal more attainable.
GO Northwest Housing Resource Center is offering a $5,000 Homebuyer Incentive for eligible homebuyers purchasing a home in select Northwest Baltimore neighborhoods.
The program is part of GO Northwest’s continuing work to help Baltimore residents achieve stable homeownership and build intergenerational wealth.
$5,000 Toward Your Home Purchase
Eligible homebuyers may receive $5,000 in financial assistance when purchasing a home in one of the participating Northwest Baltimore neighborhoods.
The program includes several important features for prospective buyers:
That last requirement is especially important. Prospective buyers who want to take advantage of the incentive should contact GO Northwest before signing a contract to purchase a home so that the required homebuyer education and counseling can be completed in time.
Where Is the Incentive Available?
The $5,000 Homebuyer Incentive is available for qualifying home purchases in these 11 Northwest Baltimore neighborhoods:
Ashburton • Callaway-Garrison • Central Forest Park • WFFBOC (formerly Concerned Citizens of Forest Park) • Dorchester • Forest Park • Forest Park Golf Course Neighbors • Garwyn Oaks • Hanlon • Howard Park • West Forest Park
These communities offer a wide range of housing opportunities while providing access to the neighborhoods, institutions, businesses, parks, and amenities of Northwest Baltimore.
Homebuyer Education Is Part of the Process
Buying a home involves much more than finding a property and obtaining a mortgage. Buyers need to understand financing, credit, household budgeting, closing costs, mortgage requirements, and the long-term financial responsibilities that accompany homeownership.
GO Northwest provides HUD-approved homebuyer education and counseling to help prospective homeowners understand that process and make informed decisions.
For buyers interested in the $5,000 incentive, completing the required education and counseling early is particularly important because the certificate must be obtained before contract ratification.
Helping Baltimore Residents Build Wealth Through Homeownership
Homeownership can provide more than a place to live. For many households, a home becomes a major long-term asset and an important means of building and transferring wealth from one generation to the next.
Reducing the financial barriers to purchasing a home while providing buyers with professional education and counseling can help create a stronger foundation for sustainable homeownership.
If you are considering purchasing a home in Northwest Baltimore, now is the time to find out whether you qualify.
Interested in the $5,000 Homebuyer Incentive?
Contact GO Northwest Housing Resource Center to learn more about eligibility, homebuyer education and counseling, and the steps required to apply.
Call: 410-947-0084, Option 1
Email: intake@go-northwesthrc.org
Don’t wait until you have signed a contract. Contact GO Northwest early in your homebuying process to learn about the program and complete the required education and counseling.
Helping Baltimore residents build intergenerational wealth and stability through homeownership.
Buying our first home was a dream come true, but it needed major updates. GO
Northwest guided us to the Healthy Neighborhoods Loan Initiative, helping us secure funds for renovations. Now, our home is not only ours—it’s everything we envisioned!
