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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

 

464 Results Days on Site (new to old)
Open House Sunday Sep 24, 2pm–4pm
28
$295,000 New For Sale
6314 20th Avenue
Hyattsville, MD 20782
4 beds, 1 bath | Single Family Home
1,624 sq ft, 4792 sq ft lot
1
$75,000 New For Sale
8222 Bock Road
Fort Washington, MD 20744
3 beds, 1 full, 1 partial baths | Single Family Home
20473 sq ft lot
14
$275,000 New For Sale
2115 Springholly Drive
District Heights, MD 20747
4 beds, 2 baths | Single Family Home
10019 sq ft lot
6
$241,000 New For Sale
1402 Edgewick Avenue
Capitol Heights, MD 20743
3 beds, 2 full, 1 partial baths | Single Family Home
7405 sq ft lot
9
$259,000 New For Sale
2902 Lime Street
Temple Hills, MD 20748
4 beds, 3 baths | Single Family Home
13939 sq ft lot
5
$59,000 New For Sale
2454 Iverson Street #2454
Temple Hills, MD 20748
2 beds, 1 bath | Single Family Home
768 sq ft
20
$269,900 New For Sale
7902 Grant Drive
Glenarden, MD 20706
3 beds, 1 full, 1 partial baths | Single Family Home
5663 sq ft lot
10
$289,000 New For Sale
15016 Nashua Lane
Bowie, MD 20716
4 beds, 2 baths | Single Family Home
9583 sq ft lot
25
$289,900 New For Sale
6033 Mustang Drive
Riverdale, MD 20737
3 beds, 1 full, 1 partial baths | Single Family Home
6970 sq ft lot
13
$195,000 New For Sale
4316 Shell Street
Capitol Heights, MD 20743
3 beds, 1 full, 1 partial baths | Single Family Home
3920 sq ft lot
11
$205,000 New For Sale
3622 Key Turn Street
District Heights, MD 20747
3 beds, 2 full, 1 partial baths | Single Family Home
6534 sq ft lot
30
$299,000 New For Sale
5613 Monroe Street
Hyattsville, MD 20784
3 beds, 3 baths | Single Family Home
2,064 sq ft, 5663 sq ft lot
30
$259,900 New For Sale
6710 Janet Lane
Fort Washington, MD 20744
3 beds, 2 full, 1 partial baths | Single Family Home
10019 sq ft lot
11
$193,000 New For Sale
105 2nd Street
Laurel, MD 20707
4 beds, 2 baths | Single Family Home
3485 sq ft lot
19
$279,000 New For Sale
3809 70th Avenue
Hyattsville, MD 20784
4 beds, 2 baths | Single Family Home
6098 sq ft lot
4
$210,000 New For Sale
3118 Lassie Avenue
Suitland, MD 20746
3 beds, 2 full, 1 partial baths | Single Family Home
1,344 sq ft, 9583 sq ft lot
11
$199,000 New For Sale
4406 39th Street
Brentwood, MD 20722
4 beds, 1 bath | Single Family Home
7841 sq ft lot
6
$220,000 New For Sale
14103 Old Marlboro Pike
Upper Marlboro, MD 20772
3 beds, 2 baths | Single Family Home
8276 sq ft lot
29
$249,900 New For Sale
4012 73rd Avenue
Hyattsville, MD 20784
3 beds, 1 bath | Single Family Home
6970 sq ft lot
8
$200,000 New For Sale
408 Topeka Avenue
Capitol Heights, MD 20743
4 beds, 2 full, 1 partial baths | Single Family Home
5663 sq ft lot

Listings 1-20 out of 464 Previous 1 2 3 4 5 Next

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Ashlee Goerdt
TriStar Realty
4201 Mitchellville Road, Suite 401
Bowie, Maryland 20716

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