2407 MCELDERRY STREET, BALTIMORE, MD 21205

$15K in downpayment assistance available! Below market interest rate available! Owner Occupants only – here is one of the best values in town! 2407 McElderry is part of a non-profit Affordable Homeownership Program offering up to $15,000 in downpayment and closing cost assistance plus access to a special mortgage loan at 1% below market interest rate. Light-filled and charming, this 2BR, plus bonus room, 1.5BA home boasts an open main level floor plan, a spacious kitchen with all-new stainless-steel appliances, a main level half bath, 2 bedrooms upstairs with an additional upper level bonus room, full bath, and an unfinished basement plus updated interior plumbing, electrical, heating and cooling systems. Please note that income restrictions apply Must be at or below 120% AMI, income documents attached. (please call agent to learn more). Must be owner occupied. This property qualifies for a Healthy Neighborhood Special Purchase Program Loan. The main benefits of the Special Purchase Loan include: 1% below the 60-day Fannie Mae rate (but in no event less than 4%), low down payment (just 3% of purchase price), no private mortgage insurance required, potential to pair with downpayment incentives (income limitations apply).