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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

 

1,098 Results Days on Site (new to old)
1
$225,000 New For Sale
321 Compton Avenue
Laurel, MD 20707
3 beds, 2 full, 1 partial baths | Single Family Home
1,372 sq ft; lot: 10019 sq ft
22
$98,000 New For Sale
4606 Gunther Street
Capitol Heights, MD 20743
9 beds, 3 full, 1 partial baths | Single Family Home
10,000 sq ft; lot: 16117 sq ft
Open House Thursday Nov 15, 5pm–7pm
26
$299,900 New For Sale
3509 43rd Avenue
Brentwood, MD 20722
4 beds, 2 full, 1 partial baths | Single Family Home
1,344 sq ft; lot: 3485 sq ft
14
$275,000 New For Sale
9706 47th Place
College Park, MD 20740
4 beds, 3 baths | Single Family Home
1,575 sq ft; lot: 6970 sq ft
1
$180,000 New Active Under Contract
10102 New Orchard Drive
Upper Marlboro, MD 20774
4 beds, 2 baths | Single Family Home
1,828 sq ft; lot: 13504 sq ft
20
$178,900 New For Sale
7903 Elmwood Lane
Clinton, MD 20735
3 beds, 3 baths | Single Family Home
1,125 sq ft; lot: 12632 sq ft
25
$255,900 New Under Contract
6005 Griffith Drive
Suitland, MD 20746
3 beds, 1 bath | Single Family Home
1,543 sq ft; lot: 13504 sq ft
57
$299,900 New For Sale
3708 Portal Avenue
Temple Hills, MD 20748
6 beds, 1 full, 1 partial baths | Single Family Home
1,782 sq ft; lot: 11761 sq ft
1
$219,900 New For Sale
623 Maury Avenue
Oxon Hill, MD 20745
4 beds, 2 full, 1 partial baths | Single Family Home
1,020 sq ft; lot: 3485 sq ft
4
$180,000 New Under Contract
6305 Gredinger Drive
Clinton, MD 20735
4 beds, 2 full, 1 partial baths | Single Family Home
1,400 sq ft; lot: 10454 sq ft
Open House Saturday Nov 17, 11am–2pm
28
$239,900 New For Sale
2250 Afton Street
Temple Hills, MD 20748
2 beds, 2 baths | Single Family Home
884 sq ft; lot: 4792 sq ft
1
$200,000 New Under Contract
12808 Applecross Drive
Clinton, MD 20735
3 beds, 1 full, 1 partial baths | Single Family Home
1,520 sq ft; lot: 10454 sq ft
30
$250,000 New For Sale
3401 28th Parkway
Temple Hills, MD 20748
3 beds, 2 baths | Single Family Home
1,188 sq ft; lot: 6098 sq ft
2
$100,000 New Under Contract
5605 Ramblewood Avenue
Clinton, MD 20735
3 beds, 1 full, 1 partial baths | Single Family Home
1,268 sq ft; lot: 10454 sq ft
6
$192,500 New For Sale
5804 Shoshone Drive
Oxon Hill, MD 20745
3 beds, 1 full, 1 partial baths | Single Family Home
1,040 sq ft; lot: 3920 sq ft
20
$291,500 New For Sale
6617 Rosemont Street
Upper Marlboro, MD 20772
4 beds, 2 full, 1 partial baths | Single Family Home
2,297 sq ft; lot: 17424 sq ft
45
$289,900 New For Sale
16102 Pond Meadow Lane
Bowie, MD 20716
5 beds, 2 baths | Single Family Home
2,232 sq ft; lot: 14375 sq ft
24
$230,000 New For Sale
8202 Sheriff Road
Landover, MD 20785
3 beds, 1 full, 1 partial baths | Single Family Home
1,152 sq ft; lot: 4792 sq ft
30
$295,000 New For Sale
1805 Brierfield Road
Oxon Hill, MD 20745
6 beds, 3 full, 1 partial baths | Single Family Home
2,466 sq ft; lot: 0.6 acres
4
$299,000 New For Sale
1901 Trafalgar Drive
Fort Washington, MD 20744
4 beds, 2 full, 1 partial baths | Single Family Home
1,170 sq ft; lot: 10454 sq ft

Listings 1-20 out of 1,098 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