For Maryland Home Buyers: Funds are avail for a limited time.......
The Prince George’s County Department of Housing and Community Development and the Redevelopment Authority recently launched a new home ownership program. “Pathway to Purchase,” offers first-time home buyers up to $10,000 in down payment and closing cost assistance.
To qualify as a first time buyer must not have owned/purchased within last 3years. The maximum purchase price of homes utilizing Pathway to Purchase assistance is $313,000
Pathway to Purchase is a 0 percent 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 percent decrease per year, and after 10 years, it is forgiven and the lien is released. Home buyers can purchase residential properties, including new construction, resales, short sales, and foreclosures anywhere in Prince George’s County.
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