If you are a first-time home buyer, you could be eligible for up to $10,000 in down payment and closing costs through Prince George’s County’s Pathway to Purchase program. As of July 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
Learn more here.