2407 McElderry St, 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 3BR, 1.5BA home boasts an open main level floor plan, a spacious kitchen with all-new stainless-steel appliances, a main level half bath, 3 bedrooms upstairs with a 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).