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Number in household:
For first time buyers only?:
My HOME Program
Prince George's County Housing & Community Dvlpt.
My HOME Program is a
loan for up to 5% of the sales price for home purchase assistance to eligible first-time homebuyers to purchase owner-occupied or vacant residential properties anywhere in Prince George's County. Home purchase assistance includes down payment and/or mortgage principal reductions costs and/or closing costs. The program can be used anywhere in Prince George's County.
Who is eligible for this program?
Applicants must be first-time homebuyers and must not have owned residential real estate anywhere during the 3 years immeditely preceding the date of application to the program. Applicants must be credit worthy and able to qualify for the mortgage through a participating lender. The maximum debt to income ratio is 45%. Recipients must contribute 1.75% of the final purchase price or 50% of liquid assets over $3,000, which ever is greater. Applicants for the program must have a gross anual household income at or below 80% of the Washington, D.C. area median, adjusted for family size. To determine eligibility, go to: https://webapps1.hud.gov/hfc/calculator
Funds may be used for down payment, mortgage principal reduction and/or closing costs.
Maximum % of Sales Price:
HUD Median Income Limits: 80
Household Income Limit: $ 112100
Is this program for first time buyers only? Yes
Property Eligibility Requirements
The property must be located in Prince George's County.
The sales price cannot exceed $
Allowable property types:
new construction, resales, foreclosures, short sales
Eligible applicants can borrow up to 5% of the final sales price at an annual interest rate of 0%.
Please note: Every attempt is made to reflect
accurate and up to date information on housing programs displayed
on this site. Some inaccuracies may exist. For verification contact
a certified REALTOR member or a participating Lender.
For more information about this and other homebuyer programs please
contact one of the following:
Workforce Housing Certified REALTOR®
Find a participating Lender