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Homeownership Equity Program Prince George’s County Maryland

The Homeownership Equity Program (HEP) offers a down payment & closing cost forgivable loan of $30,000 towards eligible first time home buyers in Prince George’s County, Maryland.  The $30,000 is forgiven after five years of residency (20% of it is forgiven annually).

The assistance is available for county properties within the 495 beltway, or if you are a public sector working or have multigenerational caregivers:

Applicants must be a first-time homebuyer and may meet one or more of the following criteria:
A. County residents that are public sector workers;
B. County residents that are former renters in the designated ZIP codes or neighborhoods inside
the I-495 Capital Beltway; or
C. County residents with multigenerational caregivers.

The maximum housing payment allowed is 35% of your qualifying income, and the maximum total debts allowed is 47% of your income.

This program is available for buyers with higher incomes than Pathway to Purchase.

An 8 hour housing counseling class is required, and the list of eligible housing counseling agencies is https://www.princegeorgescountymd.gov/sites/default/files/media-document/Housing%20Counseling%20Agencies%20-%204-20-2026.pdf

Typically the first step is setting up an initial phone call to review available loan programs and your basic finances.  The goal is to establish the best financing structure for your purchase and determine an appropriate price range for your search.  You’re welcome to set an appointment with me by clicking this link: Calendly

Pre-Qualify Now: https://ajaffe.firsthome.com/startapp

ajaffe@firsthome.com 240 – 479 – 7658

ZIP Codes Within the I-495 Beltway
Prince George’s County, Maryland
ZIP Code Primary Community Area Beltway Status
20710 Bladensburg Predominantly Within
20712 Mount Rainier Predominantly Within
20722 Brentwood Predominantly Within
20737 Riverdale Predominantly Within
20740 College Park Predominantly Within
20742 University of Maryland Predominantly Within
20770 Greenbelt Predominantly Within
20781 Hyattsville Predominantly Within
20782 Hyattsville / Adelphi Predominantly Within
20783 Adelphi / Chillum Predominantly Within
20743 Capitol Heights Predominantly Within
20745 Oxon Hill Predominantly Within
20746 Suitland Predominantly Within
20747 District Heights Predominantly Within
20748 Temple Hills Partially Within
20784 Landover / New Carrollton Partially Within
20785 Landover / Cheverly / Glenarden Partially Within

Map provided by https://chart.maryland.gov/InteractiveMap/GetInteractiveMap