First Time Homebuyer Assistance Program
If you are a first-time home buyer, you could be eligible for up to $10,000 in down payment and closing cost toward the purchase of your first home in Prince George’s County.
As of May 1, 2020, Pathway To Purchase available funds are: $281,148.03
Eligible Properties
Any residential property including:
· Resale
· Foreclosure
· Short Sale
· New Construction
Pathway to Purchase is a 0% interest, deferred payment loan. The loan is forgiven after 10 years!
Loan Terms
Purchaser must pay back the loan in full when the home is sold, transferred or ceases to be the primary residence of the buyer(s) within the 10-year affordability period.
Purchase Price Limits
$323,000 for resale
$401,000 for new construction
If you have a need for housing and credit counseling, please let us hear from you. You may call us at 301-567-3330 or you may contact us by email at hope@hopefinancial.org
Housing Options & Planning Enterprises, Inc.(H.O.P.E.)
6188 Oxon Hill Road, Suite 700
Oxon Hill, MD 20745
301-567-3330 (Office)
301-710-0607 (Fax)