There are a lot of opportunities for you and depending on who your employer is and the neighborhood you wish to live there are a lot of grant programs available for you for down payment assistance programs too.
I have a lovely home facing Herring Run Park for sale for $82,000 which qualifies for a Healthy Neighborhood grant up to $25,000 and a City Lift Grant of $15,000 as well which would go a long way to reducing your loan amount. You can couple those with CDA grant money and possibly even an FHLB grant of another $5000.
Baltimore City has over 225 distinct communities and many are very suburban in feel. You could purchase a single family detached home or a townhome. There are townhomes in the Westview area of Baltimore County that are in your budget, Middle River single family homes as well as townhomes, some homes in Dundalk and Brooklyn Park as well. The opportunities for you are endless.
To qualify for FHLB and CDA funds you don't have to buy in Baltimore City but the opportunities are endless.
I'd be happy to discuss the opportunities with you and refer you to a lender who can help you qualify for these loan programs if you need me to.
June Piper-Brandon, ePro, CIAS, CDPE, WHC
Century 21 New Millennium