Welcome or Register

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

 

961 Results Days on Site (new to old)
35
$265,000 New For Sale
12002 Maycheck Lane
Bowie, MD 20715
4 beds, 2 full, 1 partial baths | Single Family Home
1,872 sq ft; lot: 10454 sq ft
Open House Sunday Mar 31, 1pm–4pm
31
$255,000 New For Sale
2020 Oakwood Lane
District Heights, MD 20747
3 beds, 2 baths | Single Family Home
1,025 sq ft; lot: 8712 sq ft
1
$239,900 New For Sale
12403 Tove Court
Clinton, MD 20735
3 beds, 1 bath | Single Family Home
1,028 sq ft; lot: 12197 sq ft
57
$219,900 New Under Contract
1404 E West Highway
Hyattsville, MD 20783
3 beds, 1 full, 1 partial baths | Single Family Home
1,395 sq ft; lot: 6534 sq ft
22
$269,900 New For Sale
9628 52nd Avenue
College Park, MD 20740
3 beds, 1 bath | Single Family Home
884 sq ft; lot: 5227 sq ft
16
$169,000 New For Sale
7632 Oxman Road
Landover, MD 20785
3 beds, 2 baths | Single Family Home
858 sq ft; lot: 3920 sq ft
4
$285,000 New For Sale
5708 Quebec Street
Berwyn Heights, MD 20740
6 beds, 2 baths | Single Family Home
864 sq ft; lot: 11761 sq ft
1
$220,000 New For Sale
5507 Spruce Drive
Clinton, MD 20735
4 beds, 3 baths | Single Family Home
1,425 sq ft; lot: 11761 sq ft
19
$265,000 New For Sale
4509 Navy Day Place
Suitland, MD 20746
4 beds, 2 full, 1 partial baths | Single Family Home
1,311 sq ft; lot: 6534 sq ft
1
$300,000 New For Sale
7600 Flam Court
Fort Washington, MD 20744
4 beds, 3 baths | Single Family Home
1,215 sq ft; lot: 10454 sq ft
21
$290,000 New For Sale
8202 Bridlewood Place
District Heights, MD 20747
3 beds, 2 baths | Single Family Home
960 sq ft; lot: 10019 sq ft
30
$299,900 New Under Contract
506 Rosier Road
Fort Washington, MD 20744
3 beds, 3 full, 1 partial baths | Single Family Home
2,092 sq ft; lot: 20473 sq ft
1
$194,900 New For Sale
6803 Edgemere Drive
Temple Hills, MD 20748
3 beds, 2 baths | Single Family Home
1,938 sq ft; lot: 10019 sq ft
18
$298,700 New Under Contract
2602 Gaither Street
Temple Hills, MD 20748
4 beds, 2 baths | Single Family Home
1,326 sq ft; lot: 6098 sq ft
13
$224,900 New For Sale
7411 Colchester Drive
Clinton, MD 20735
3 beds, 2 baths | Single Family Home
1,152 sq ft; lot: 10019 sq ft
21
$225,000 New For Sale
1012 Centennial Drive
Fort Washington, MD 20744
4 beds, 2 baths | Single Family Home
2,198 sq ft; lot: 17424 sq ft
36
$250,000 New For Sale
5511 Janice Lane
Temple Hills, MD 20748
3 beds, 2 baths | Single Family Home
1,224 sq ft; lot: 7841 sq ft
1
$239,990 New For Sale
7403 Roanne Drive
Oxon Hill, MD 20745
4 beds, 3 baths | Single Family Home
1,016 sq ft; lot: 11761 sq ft
1
$70,000 New For Sale
1836 Metzerott Road #412
Adelphi, MD 20783
1 bed, 1 bath | Single Family Home
864 sq ft; lot: 871 sq ft
24
$237,000 New For Sale
806 Irvington Street
Oxon Hill, MD 20745
4 beds, 3 baths | Single Family Home
1,000 sq ft; lot: 6098 sq ft

Listings 1-20 out of 961 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