Downpayment Assistance Program

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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