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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

 

992 Results Days on Site (new to old)
17
$259,900 New Under Contract
11808 Fairgreen Lane
Upper Marlboro, MD 20772
4 beds, 3 baths | Single Family Home
2,475 sq ft; lot: 14810 sq ft
Open House Saturday Jan 26, 1pm–3pm
12
$199,900 New For Sale
4219 Vine Street
Capitol Heights, MD 20743
2 beds, 1 bath | Single Family Home
726 sq ft; lot: 3920 sq ft
43
$262,900 New Under Contract
12021 Augusta Drive
Glenn Dale, MD 20769
3 beds, 2 full, 1 partial baths | Single Family Home
1,452 sq ft; lot: 10454 sq ft
18
$289,999 New Under Contract
9333 Fontana Drive
Lanham, MD 20706
3 beds, 2 baths | Single Family Home
925 sq ft; lot: 7841 sq ft
1
$249,900 New For Sale
7223 G Street
Capitol Heights, MD 20743
3 beds, 2 full, 1 partial baths | Single Family Home
1,320 sq ft; lot: 3920 sq ft
26
$239,000 New For Sale
5022 Glassmanor Drive
Oxon Hill, MD 20745
3 beds, 2 full, 1 partial baths | Single Family Home
1,044 sq ft; lot: 3920 sq ft
46
$287,500 New For Sale
2505 Lakehurst Avenue
District Heights, MD 20747
4 beds, 2 baths | Single Family Home
1,550 sq ft; lot: 6534 sq ft
13
$124,900 New For Sale
15242 Marlboro Pike
Upper Marlboro, MD 20772
2 beds, 1 bath | Single Family Home
1,105 sq ft; lot: 0.89 acres
1
$249,900 New For Sale
6604 G Street
Capitol Heights, MD 20743
3 beds, 3 baths | Single Family Home
875 sq ft; lot: 5227 sq ft
19
$189,900 New For Sale
7218 Sybaris Drive
Upper Marlboro, MD 20772
4 beds, 2 baths | Single Family Home
960 sq ft; lot: 11326 sq ft
14
$262,000 New For Sale
1314 Dunwoody Avenue
Oxon Hill, MD 20745
4 beds, 2 baths | Single Family Home
1,404 sq ft; lot: 6970 sq ft
23
$270,000 New For Sale
3428 25th Avenue
Temple Hills, MD 20748
3 beds, 1 full, 1 partial baths | Single Family Home
1,191 sq ft; lot: 6970 sq ft
35
$299,990 New For Sale
5104 Cumberland Street
Capitol Heights, MD 20743
3 beds, 3 baths | Single Family Home
1,497 sq ft
16
$300,000 New For Sale
15110 Nashua Lane
Bowie, MD 20716
3 beds, 2 baths | Single Family Home
1,532 sq ft; lot: 12197 sq ft
5
$260,000 New For Sale
1519 Ruston Avenue
Capitol Heights, MD 20743
4 beds, 3 baths | Single Family Home
1,008 sq ft; lot: 3920 sq ft
7
$214,996 New For Sale
1104 Capitol Heights Boulevard
Capitol Heights, MD 20743
4 beds, 2 baths | Single Family Home
2,644 sq ft; lot: 10019 sq ft
44
$225,000 New For Sale
6418 Seat Pleasant Drive
Capitol Heights, MD 20743
3 beds, 1 bath | Single Family Home
1,040 sq ft; lot: 3485 sq ft
Open House Saturday Jan 26, 11am–2pm
30
$279,900 New For Sale
704 66th Avenue
Capitol Heights, MD 20743
4 beds, 2 baths | Single Family Home
875 sq ft; lot: 5227 sq ft
25
$257,900 New For Sale
7906 Heflin Drive
Clinton, MD 20735
4 beds, 3 baths | Single Family Home
1,092 sq ft; lot: 14375 sq ft
19
$259,900 New For Sale
5801 Glen Rock Avenue
Fort Washington, MD 20744
3 beds, 2 baths | Single Family Home
2,625 sq ft; lot: 6970 sq ft

Listings 1-20 out of 992 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