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    Up to $10,000
    Down Payment & Closing Cost Assistance

     

     

     

     

     

    Pathway to Purchase First Time Homebuyer Assistance Program Highlights

     

     

     

    Pathway to Purchase
    Pathway to Purchase offers Up to $10,000 down payment and closing costs for First Time Home Buyers in Prince George's County
     

     

         
     

    0% interest second trust for first time home buyers must
    be paid back on prorated basis when home is sold,
    transferred or buyer moves out. Fully forgiven provided
    buyer remains in home for 10 years. See chart for details

     

         
     

    All Prince George’s county zip codes eligible.
    Maximum purchase price $313,000

     

         
     

    Buyer's minimum contribution 1.75% of purchase
    or 50% of liquid assets over $3000 (whichever is greater)

     

         

    FHA, VA, Conventional loans

     

     

     

     

    INCOME LIMITS FOR AFFORDABLE HOUSING PROGRAM
     

    Household Size

    51%-80% Area Median

    1

    $61,150.00

    2

    $69,900.00

    3

    $78,650.00

    4

    $87,350.00

    5

    $94,350.00

    6

    $101,350.00

    7

    $108,350.00

    8

    $115,350.00

     

    PROGRAM CHART
     

    Purchaser Remains in HOME

    Balance Due

    As % of Total Pathway to Purchase Loan Received

    Less than 1 year

    100%

    At least 1 year but less than 2 years

    90%

    At least 2 year but less than 3 years

    80%

    At least 3 year but less than 4 years

    70%

    At least 4 year but less than 5 years

    60%

    At least 5 year but less than 6 years

    50%

    At least 6 year but less than 7 years

    40%

    At least 7 year but less than 8 years

    30%

    At least 8 year but less than 9 years

    20%

    At least 9 year but less than 10 years

    10%

    Ten years of more

    0%

       

    PURCHASE PRICE LIMITS:
    The maximum purchase price of homes utilizing PATHWAY TO PURCHASE assistance is: $313,000.00 (resales) and $313,00.00 (new construction) THERE ARE NO EXCEPTIONS TO THIS LIMIT.

    DEBIT REQUIREMENTS:
    33% FRONT END | 45% BACK END

    BUYER’S MINIMUM CONTRIBUTION:
    1.75% of purchase price or 50% of liquid assets over $3,000.00 (whichever is greater).

    View the Guidelines:
    CLICK HERE

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