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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

 

752 Results Days on Site (new to old)
41
$299,500 New For Sale
5933 89th Place
New Carrollton, MD 20784
3 beds, 2 baths | Single Family Home
950 sq ft; lot: 6970 sq ft lot
16
$267,000 New Under Contract
2516 Bellefield Court
Fort Washington, MD 20744
4 beds, 2 full, 1 partial baths | Single Family Home
2,060 sq ft; lot: 12197 sq ft lot
9
$219,900 New For Sale
6123 Osborn Road
Landover, MD 20785
3 beds, 3 baths | Single Family Home
1,205 sq ft; lot: 3485 sq ft lot
26
$239,900 New For Sale
3501 Oaklawn Road
Fort Washington, MD 20744
3 beds, 1 full, 2 partial baths | Single Family Home
880 sq ft; lot: 16117 sq ft lot
25
$100,700 New Under Contract
8722 Maple Avenue
Bowie, MD 20720
2 beds, 1 full, 1 partial baths | Single Family Home
1,304 sq ft; lot: 3920 sq ft lot
15
$119,900 New For Sale
708 60th Avenue
Fairmount Heights, MD 20743
1 bed, 1 bath | Single Family Home
lot: 10890 sq ft lot
21
$285,000 New For Sale
2100 Scott Key Drive
District Heights, MD 20747
3 beds, 2 full, 1 partial baths | Single Family Home
2,484 sq ft; lot: 21344 sq ft lot
13
$234,000 New For Sale
5009 Cheyenne Place
College Park, MD 20740
3 beds, 1 bath | Single Family Home
1,152 sq ft; lot: 6534 sq ft lot
23
$249,999 New For Sale
7013 Mason Street
District Heights, MD 20747
4 beds, 2 baths | Single Family Home
1,236 sq ft; lot: 6098 sq ft lot
10
$240,000 New For Sale
8218 Dyson Road
Brandywine, MD 20613
3 beds, 1 bath | Single Family Home
1,144 sq ft; lot: 2 acres
4
$227,500 New For Sale
9710 Tuckerman Street
Lanham, MD 20706
3 beds, 1 full, 1 partial baths | Single Family Home
1,176 sq ft; lot: 6534 sq ft lot
1
$189,999 New For Sale
25 Akin Avenue
Capitol Heights, MD 20743
4 beds, 2 baths | Single Family Home
1,468 sq ft; lot: 3920 sq ft lot
1
$260,000 New Under Contract
8906 56th Avenue
Berwyn Heights, MD 20740
4 beds, 2 baths | Single Family Home
1,440 sq ft; lot: 6098 sq ft lot
2
$294,350 New Under Contract
8807 Cortland Lane
Lanham, MD 20706
3 beds, 2 full, 1 partial baths | Single Family Home
2,820 sq ft; lot: 0.63 acres
23
$225,000 New For Sale
1200 Nye Street
Capitol Heights, MD 20743
3 beds, 1 bath | Single Family Home
1,244 sq ft; lot: 5663 sq ft lot
21
$100,000 New For Auction
6632 24th Place
Hyattsville, MD 20782
3 beds, 1 full, 2 partial baths | Single Family Home
1,123 sq ft; lot: 3485 sq ft lot
27
$290,000 New For Sale
2803 Alex Court
Bowie, MD 20716
3 beds, 1 bath | Single Family Home
1,040 sq ft; lot: 13504 sq ft lot
Open House Saturday Sep 21, 12pm–2pm
1
$234,000 New Active Under Contract
2407 Oxon Run Drive
Temple Hills, MD 20748
3 beds, 1 full, 1 partial baths | Single Family Home
840 sq ft; lot: 7405 sq ft lot
1
$250,000 New For Sale
7413 Lenham Drive
Fort Washington, MD 20744
5 beds, 2 full, 1 partial baths | Single Family Home
1,100 sq ft; lot: 11326 sq ft lot
40
$285,000 New For Sale
4335 Shell Street
Capitol Heights, MD 20743
4 beds, 2 baths | Single Family Home
780 sq ft; lot: 3920 sq ft lot

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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