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Pathway to Purchase PG County

NEW HOME OWNERSHIP PROGRAM LAUNCHES JANUARY 9

"Pathway to Purchase" Offers Up to $10,000 Down Payment and Closing Costs for First Time Home Buyers in Prince George's County

 

The Prince George's County Department of Housing and Community Development (DHCD) is launching a new home ownership program, entitled "Pathway to Purchase." This new program offers first-time home buyers up to $10,000 in down payment and closing cost assistance. Home buyers can purchase a home anywhere in Prince George's County. Eligible residential properties include: new construction, resale, short sales and foreclosures. 

Pathway to Purchase is a 0% interest loan program that must be paid back when the home is sold, transferred or ceases to be the primary residence of the buyer(s). However, the loan repayment has a 10% decrease per year and after 10 years, it is forgiven and the lien is released. 

"We are excited about this new opportunity," said Eric C. Brown, Director of the Prince George's County Department of Housing and Community Development. "We have dedicated $750,000 for this program to help people get on the path to home ownership." 

The maximum purchase price of homes utilizing Pathway to Purchase assistance is $313,000. There are four loan programs accepted with Pathway to Purchase. Accepted loan programs are: FHA, Maryland Mortgage Program, VA and Conventional Loans. All home buyers using Pathway to Purchase must pass a Housing Quality Standards (HQS) Inspection as part of the application process. 

The Redevelopment Authority of Prince George's County will administer the program. "We will begin taking applications on Monday, January 9, 2017," said Howard Ways, Executive Director of the Redevelopment Authority. "Home buyers must work with an APPROVED MORTGAGE LENDER to submit an application. We are eager to continue our progress in helping families begin their pursuit of the American Dream." 

Qualifying Households May Earn 51% to 80% of the Area Median Income (AMI)

 

Qualifying Households May Earn 51% to 80% of the Area Median Income (AMI)

 

Household Size                               80% Area Median

1                                                                $61,150
2                                                                $69,900
3                                                                $78,650
4                                                                $87,350
5                                                                $94,350
6                                                                $101,350
7                                                                $108,350
8                                                                $115,350

 

Posting Courtesy of:
https://pgcar.com/pghome_homebuying/Pathway-to-Purchase-downpayment-assistance.htm

 

791 Results Days on Site (new to old)
32
$219,000 New For Sale
7726 Oxman Road
Landover, MD 20785
3 beds, 1 bath | Single Family Home
858 sq ft; lot: 4792 sq ft lot
3
$174,900 New For Sale
4714 Deanwood Drive
Capitol Heights, MD 20743
4 beds, 2 full, 1 partial baths | Single Family Home
1,092 sq ft; lot: 4792 sq ft lot
4
$99,000 New For Sale
3344 Huntley Square Drive #A
Temple Hills, MD 20748
2 beds, 2 baths | Single Family Home
1,056 sq ft; lot: 2178 sq ft lot
32
$225,000 New Under Contract
1005 Brooke Road
Capitol Heights, MD 20743
3 beds, 1 bath | Single Family Home
1,191 sq ft; lot: 7405 sq ft lot
4
$245,000 New Under Contract
3701 Portal Avenue
Temple Hills, MD 20748
3 beds, 3 baths | Single Family Home
1,404 sq ft; lot: 19602 sq ft lot
15
$234,000 New For Sale
6009 Spell Road
Clinton, MD 20735
3 beds, 2 full, 1 partial baths | Single Family Home
1,100 sq ft; lot: 10019 sq ft lot
9
$210,000 New For Sale
900 Minna Avenue
Capitol Heights, MD 20743
2 beds, 1 bath | Single Family Home
1,430 sq ft; lot: 5227 sq ft lot
23
$298,000 New For Sale
4805 67th Avenue
Hyattsville, MD 20784
3 beds, 2 baths | Single Family Home
1,361 sq ft; lot: 6098 sq ft lot
11
$145,000 New For Sale
1408 Pine Grove Road
Capitol Heights, MD 20743
2 beds, 1 bath | Single Family Home
1,048 sq ft; lot: 0.52 acres
38
$259,950 New For Sale
3113 Bellbrook Court
Temple Hills, MD 20748
3 beds, 1 full, 1 partial baths | Single Family Home
988 sq ft; lot: 6534 sq ft lot
11
$199,000 New For Sale
908 60th Avenue
Fairmount Heights, MD 20743
2 beds, 1 bath | Single Family Home
890 sq ft; lot: 5227 sq ft lot
17
$174,900 New For Sale
4717 68th Avenue
Hyattsville, MD 20784
2 beds, 2 baths | Single Family Home
1,277 sq ft; lot: 6098 sq ft lot
22
$174,900 New For Sale
2807 Lakehurst Avenue
District Heights, MD 20747
3 beds, 1 full, 1 partial baths | Single Family Home
1,092 sq ft; lot: 8712 sq ft lot
4
$299,990 New For Sale
4000 Clark Street
Capitol Heights, MD 20743
3 beds, 2 full, 1 partial baths | Single Family Home
1,500 sq ft; lot: 13939 sq ft lot
Open House Sunday Jul 21, 12pm–2pm
35
$220,000 New For Sale
13225 10th Street
Bowie, MD 20715
2 beds, 1 bath | Single Family Home
768 sq ft; lot: 4792 sq ft lot
57
$249,900 New For Sale
4801 Glenoak Road
Hyattsville, MD 20784
3 beds, 1 full, 1 partial baths | Single Family Home
6,896 sq ft; lot: 7405 sq ft lot
6
$225,000 New For Sale
4114 Murdock Street
Temple Hills, MD 20748
4 beds, 1 full, 1 partial baths | Single Family Home
1,064 sq ft; lot: 7405 sq ft lot
9
$165,000 New Active Under Contract
333 Carmody Hills Drive
Capitol Heights, MD 20743
2 beds, 1 bath | Single Family Home
1,170 sq ft; lot: 3920 sq ft lot
25
$170,000 New Under Contract
10 Tunic Avenue
Capitol Heights, MD 20743
3 beds, 1 bath | Single Family Home
864 sq ft; lot: 3920 sq ft lot
14
$300,000 New For Sale
903 Balsamtree Place
Capitol Heights, MD 20743
5 beds, 1 full, 1 partial baths | Single Family Home
1,313 sq ft; lot: 6098 sq ft lot

Listings 1-20 out of 791 Previous 1 2 3 4 5 Next
agent photo
Ashlee Goerdt
Re/Max One ~ The Nicki Palermo Group
2530 Riva Road, Suite 101
Annapolis, MD 21401

Phone: 240-464-6316
Email: AshleeGoerdt@yahoo.com