Pathways to Purchase | Alex Jaffe Team

As a replacement for the My Home program, Prince George’s County released Pathways to Purchase which is available now. The key details are:

$10,000 in forgiven down payment and closing cost assistance. Every year you live in the property, they will forgive $1,000 and so after 10 years the entire assistance is forgiven.
Required buyer contribution of 1.75% of the sales price. So on a $250k house, your required contribution is $4375. You of course need to cover the down payment and closing costs not covered by the $10k assistance and if applicable a seller closing cost credit.
Maximum home purchase price allowed is $399,000.
Required home quality inspection which must pass. Cost is $139. Order at http://www.hudpass.com
Minimum closing time frames 60 days+ to allow time for the county to perform their doc review.
First time buyer counseling required from one of these agencies

The income caps which are based on household income are

Interested?

Or reach out to ajaffe@firsthome.com or 240-479-7658