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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

 

1,025 Results Days on Site (new to old)
28
$229,999 New For Sale
7712 Allendale Drive
Landover, MD 20785
3 beds, 1 full, 1 partial baths | Single Family Home
1,280 sq ft; lot: 3049 sq ft
38
$262,900 New For Sale
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
19
$275,000 New For Sale
6118 Perry Street
Hyattsville, MD 20785
3 beds, 2 baths | Single Family Home
936 sq ft; lot: 3485 sq ft
26
$195,000 New For Sale
4919 Heath Street
Capitol Heights, MD 20743
3 beds, 3 full, 1 partial baths | Single Family Home
1,454 sq ft; lot: 6098 sq ft
9
$285,900 New For Sale
2117 Browns Lane
Fort Washington, MD 20744
3 beds, 2 full, 1 partial baths | Single Family Home
1,136 sq ft; lot: 10019 sq ft
5
$175,000 New For Sale
7939 Polk Street
Glenarden, MD 20706
4 beds, 1 full, 1 partial baths | Single Family Home
1,021 sq ft; lot: 7405 sq ft
26
$230,000 New For Sale
2316 Kirby Drive
Temple Hills, MD 20748
3 beds, 1 full, 1 partial baths | Single Family Home
1,890 sq ft; lot: 4792 sq ft
7
$215,900 New For Sale
5708 Jenifer Place
Riverdale, MD 20737
2 beds, 1 full, 1 partial baths | Single Family Home
984 sq ft; lot: 6098 sq ft
1
$275,000 New For Sale
7625 Newburg Drive
Lanham, MD 20706
4 beds, 2 full, 1 partial baths | Single Family Home
2,058 sq ft; lot: 14810 sq ft
Open House Sunday Dec 9, 1pm–3pm
32
$295,000 New For Sale
6604 Weston Avenue
Capitol Heights, MD 20743
4 beds, 2 baths | Single Family Home
1,716 sq ft; lot: 6534 sq ft
49
$214,900 New Under Contract
6723 Hillmeade Road
Bowie, MD 20720
4 beds, 2 baths | Single Family Home
1,800 sq ft; lot: 10019 sq ft
11
$249,950 New For Sale
909 Shady Glen Drive
Capitol Heights, MD 20743
3 beds, 3 baths | Single Family Home
1,100 sq ft; lot: 10019 sq ft
28
$259,900 New For Sale
3105 Bellbrook Court
Temple Hills, MD 20748
4 beds, 1 full, 1 partial baths | Single Family Home
988 sq ft; lot: 6098 sq ft
Open House Sunday Dec 9, 1pm–3pm
37
$295,000 New For Sale
11610 Tyre Street
Upper Marlboro, MD 20772
5 beds, 2 full, 1 partial baths | Single Family Home
1,100 sq ft; lot: 10454 sq ft
10
$199,000 New Under Contract
12809 Pine Tree Lane
Fort Washington, MD 20744
3 beds, 2 full, 1 partial baths | Single Family Home
1,656 sq ft; lot: 10019 sq ft
30
$289,000 New For Sale
7804 Putnam Lane
District Heights, MD 20747
4 beds, 2 baths | Single Family Home
1,492 sq ft; lot: 10890 sq ft
35
$275,000 New For Sale
7102 Bock Road
Fort Washington, MD 20744
3 beds, 2 full, 1 partial baths | Single Family Home
2,174 sq ft; lot: 15246 sq ft
20
$275,000 New For Sale
9002 51st Avenue
College Park, MD 20740
3 beds, 1 bath | Single Family Home
988 sq ft; lot: 6534 sq ft
3
$210,000 New For Sale
11516 Cordwall Drive
Beltsville, MD 20705
6 beds, 2 full, 1 partial baths | Single Family Home
2,376 sq ft; lot: 10019 sq ft
9
$275,000 New For Sale
2231 Hindle Lane
Bowie, MD 20716
4 beds, 2 full, 1 partial baths | Single Family Home
2,052 sq ft; lot: 9583 sq ft

Listings 1-20 out of 1,025 Previous 1 2 3 4 5 Next
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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