Pathways to Purchase

As a replacement for the My Home program, Prince George’s County released Pathways to Purchase which is available now.  The key details are:

• $25,000 in forgiven down payment and closing cost assistance.  Every year you live in the property, they will forgive $2,500 and so after 10 years the entire assistance is forgiven.
• Maximum home purchase price allowed is $432,000.
• Maximum housing payment may not exceed 35% of income, and maximum total debts may not exceed 47%.
• Required home quality inspection which must pass.  Cost is $139. Order at http://www.hudpass.com
• Minimum closing time frames 60 days+ to allow time for the county to perform their doc review.
• First time buyer counseling required from one of these agencies

The income caps which are based on household income are

Interested?

Ready to pre-qualify?  Start here.

Or reach out to ajaffe@firsthome.com or 240-479-7658