Area median income (AMI) is the median income for households in the Baltimore region. Households include everyone who will live in your home, including children. Income assessments are made from the borrowers income (eg: a borrower–or borrowers–would need to earn between $70,650 and 103,025). We can not use the income of individuals living in the home who will not be on the deed.
When you send us your income documents, be sure to include all revenue streams from jobs worked in a year. Unfortunately children’s disability social security does not qualify as an income stream nor does a deceased parent’s death benefits.
All individuals on the mortgage must be on the deed and all individuals on the deed must be on the mortgage to receive our grant.