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Investment property loans · Baltimore County, MD

Hard money, fix and flip and DSCR loans in Dundalk, MD

Dundalk started as worker housing for Bethlehem Steel's shipyard and was filled out by federal wartime housing in 1918 and 1919. Investors here work with that compact stock of stucco and brick rowhouses and duplexes, as rentals or modest resale rehabs. Tradepoint Atlantic, the logistics campus on the old Sparrows Point steel site, sits nearby, and lots near Bear Creek add flood and Critical Area checks to any plan.

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Where investors buy

Neighborhoods investors look at in Dundalk

About 90% of the houses in the historic core were built in 1918 and 1919 by the U.S. Shipping Board's Emergency Fleet Corporation: hollow-tile rowhouses, duplexes and detached homes with stucco walls and slate roofs, many later refaced in formstone or aluminum siding. Brick and masonry garden-apartment complexes followed between 1937 and 1944.
Old DundalkEast of Dundalk Avenue, curving Garden City streets such as Admiral Boulevard hold the wartime houses built for families, in nine designs ranging from rowhouses to duplexes and detached houses, many still in their original stucco.
St. HelenaWest of Dundalk Avenue on a straight street grid, with the smallest wartime houses, first built without kitchens for single shipyard workers and later converted to family rowhouses; Parnell Avenue and part of St. Helena Avenue lie inside Baltimore City.
Turner StationA historically Black community beside Dundalk that grew during World War I and expanded again in World War II as steel demand rose.
Day VillageA 1944 garden-apartment community of two-story masonry townhouse blocks on a peninsula off Bear Creek, built for Black war workers at nearby plants and now a National Register historic district.

Loan programs

Loans for Dundalk real estate investors

Pick the loan that fits the deal: short-term money to buy, renovate or build, or a long-term loan to hold the property. Published limits are subject to appraisal and underwriting.
Long-term

DSCR rental loans in Dundalk

30-year loans for Dundalk rentals of 1–4 units, fixed or adjustable, qualified on the rent with no personal income verification: up to 85% of the price on a purchase, with loans from $75,000.

Purchase LTV up to85%
Term30 years
Income docsNot required
Loans from$75K

Subject to appraisal and underwriting.

DSCR loans: terms and requirements
Short-term

Fix and flip loans in Dundalk

Buy and renovate in Dundalk with up to 95% of the price and 100% of the rehab budget, on a 12–18 months interest-only loan with no prepayment penalty when the house sells.

Purchase price up to95%
Rehab funded up to100%
Term12–18 months
Prepayment penaltyNone

Subject to appraisal and underwriting.

Fix and flip loans: terms and requirements
Short-term

Bridge loans in Dundalk

Close quickly on a Dundalk property with up to 95% of the cost financed and a 12–18 months interest-only term, then sell it or refinance onto a long-term loan. No prepayment penalty.

Leverage up to95% LTC
Term12–18 months
PaymentsInterest only
Prepayment penaltyNone

Subject to appraisal and underwriting.

Bridge loans: terms and requirements
Short-term

Ground-up construction loans in Dundalk

Financing for new builds in Dundalk, from spec homes built to sell to rentals built to hold. Every project is quoted on its plans, budget and builder.

Quoted on your deal.

Construction loans: get a quote
Long-term

Multifamily and commercial loans in Dundalk

Financing for Dundalk apartment buildings of five units or more, mixed-use and commercial property, quoted on the building's income.

Quoted on your deal.

Multifamily and commercial: get a quote

Good to know

Before you buy in Dundalk

Local rules and costs that change a deal's numbers or closing date in Dundalk and Baltimore County. Sources are listed at the bottom of the page.
  • Check which side of the city line an address falls on: the Dundalk Historic District reaches into Baltimore City, where Parnell Avenue and part of St. Helena Avenue sit, and a city address brings Baltimore City's higher recordation tax and its rental license rules into the deal.
  • Budget for Baltimore County's 1.5% transfer tax and recordation tax of $2.50 per $500 (0.5%), plus Maryland's 0.5% state transfer tax.
  • Check FEMA flood maps and Maryland's Chesapeake Bay Critical Area for lots near Bear Creek and other tidal water; the Critical Area takes in land within 1,000 feet of tidal wetlands and tidal waters, where local Critical Area programs regulate development.
  • Plan for Maryland's lead law on any rental: the 1918 to 1919 houses and the 1930s and 1940s apartments all predate 1978, so a new owner must register each unit with the Maryland Department of the Environment within 30 days, renew by December 31 each year, and pass a lead dust inspection at every tenant turnover.

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Have a Dundalk property in mind?

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United Lending LLC offers business-purpose financing secured by non-owner-occupied investment real estate. We do not offer loans for personal, family or household purposes, or loans on owner-occupied primary residences.

Questions

Loans in Dundalk: common questions

Do you offer hard money loans in Dundalk?

Yes. United Lending LLC offers private real estate financing for investors in Dundalk and the rest of Baltimore County: fix and flip and bridge loans sized on the deal, and DSCR rental loans sized on the rent. We're headquartered in Brooklyn, New York, and lend nationwide.

Do you offer DSCR loans in Dundalk?

Yes. Our DSCR loans are 30-year loans on 1–4 unit rentals, fixed or adjustable, qualified on the property's rent against its monthly payment with no personal income verification, up to 85% loan-to-value on a purchase and loans from $75,000. Investors use them for rentals in Old Dundalk, St. Helena and Turner Station, among other parts of Dundalk.

How much can I borrow for a Dundalk flip?

Up to 95% of the purchase price and up to 100% of the rehab budget, on a 12–18 months interest-only loan. Those are maximums, subject to appraisal and underwriting: the property, your experience and the comps set what your loan gets.

Is there a prepayment penalty on a loan in Dundalk?

There's no prepayment penalty on fix and flip or bridge loans. DSCR rental loans come with a choice of prepayment terms, from none up to five years, set out in your written terms before you commit.

Do I need to live in Dundalk or have a Maryland LLC?

No. You can borrow in your own name or through an LLC, wherever you live; many of our borrowers invest outside their home state. If your LLC was formed outside Maryland, your loan officer will tell you what's needed before closing.

Maryland

More places we lend in Maryland

Sources (12)Checked November 6, 2026

United Lending's loan terms are its published program limits. The local rules and costs on this page come from the public sources below, checked on the date shown; confirm them with the city, county or your closing attorney before you rely on them.

  1. Maryland Historical Trust, Dundalk Historic District National Register nomination (NR-773)
  2. Maryland Historical Trust, Dundalk Historic District listing
  3. Maryland Historical Trust, Day Village Historic District listing
  4. Department of Legislative Services, County Tax Rates FY 2022 to FY 2027
  5. Maryland Tax-Property Sec. 13-203 (state transfer tax 0.5%)
  6. Baltimore City Code Art. 28, Sec. 16-1 (city recordation tax)
  7. Maryland Natural Resources Sec. 8-1807 (Chesapeake Bay Critical Area, 1,000 feet)
  8. Maryland Environment Sec. 6-801 (pre-1978 rental units are affected property)
  9. Maryland Environment Sec. 6-812 (register within 30 days, renew annually)
  10. Maryland Environment Sec. 6-815 (risk reduction and inspection at each change in occupancy)
  11. Wikipedia, Dundalk, Maryland
  12. Wikipedia, Sparrows Point, Maryland