MMP DoublePlay
UP TO $5,000 DOWN PAYMENT ASSISTANCE All eligible homebuyers qualify for $5,000 in standard Down Payment Assistance (which is a no-interest, deferred loan), eligible homebuyers that participate in this program will qualify for a 0.25% reduction in the standard MMP interest rate. Check today’s interest rates
Maryland Veterans Incentive Program
All qualified borrowers under this initiative are also eligible to receive $5,000 for down payment and closing cost assistance through the Maryland Mortgage Program's Down Payment Assistance (DPA) Program plus any applicable Partner Match funds.
MARYLAND HOMECREDIT
Maryland HomeCredit discounted with no DHCD Fees (lender fees may apply). A Maryland HomeCredit provides homebuyers with a federal tax credit of up to $2,000 every year for the life of the mortgage
My HOME-Homebuyer Assistance on any Residential Property
The Redevelopment Authority of Prince George's County (RDA) has suspended the “My HOME” homebuyer assistance program effective January 28, 2015, due to funding depletion. Completed applications received by January 28, 2015 that are pending approval, will be funded on a “first completed” basis, as additional funds become available.
Buy SUITLAND Program-Selected Census Tracts in PG County
American Dream Downpayment Initiative (ADDI) Program
The American Dream Downpayment Initiative ("ADDI") provides downpayment and closing cost assistance to families who are first-time homebuyers (or have not owned a home in the last 3 years) for the purchase of single-family housing.The ADDI program is a 5-year forgivable loan at 0% interest of up to $5,000 for downpayment and/or closing costs.
Deputy Sheriffs, and County and Municipal Police Officers Save on Transfer Taxes when Buying a New Home At least one of the Purchasers must be employed as a Prince George's County Police Officer or Deputy Sheriff, or a Municipal corporation police officer serving in Prince George's County
Police FIRST TIME Homebuyers
Down Payment Savings from FHLB Atlanta Bank:
Up to a $15,000 Savings for Homebuyers
Down payment and closing cost savings are available to homebuyers through two new programs. These two programs do NOT require you to be a first-time homebuyer.
The Foreclosure Recovery program provides up to $15,000 for the purchase, or purchase and rehabilitation, of any home within the Real Estate Owned (REO, or better known as foreclosed) inventory of an FHLB Atlanta member financial institution.
The Community Stability program provides up to $7,500 for the purchase, or purchase and rehabilitation, of an existing home located in any neighborhood which is also approved for NSP funds. FHLBank Atlanta will provide up to $7,500 in 4 to 1 matching funds (the homebuyer must contribute at least $1,000) per eligible household for down payment and closing costs. Funds are available on a first-come, first-served basis and potential homebuyers must request the funds from a participating lender. A large number of local and national banks are participating lenders.
All qualified borrowers under this initiative are also eligible to receive $5,000 for down payment and closing cost assistance through the Maryland Mortgage Program's Down Payment Assistance (DPA) Program plus any applicable Partner Match funds.
MARYLAND HOMECREDIT
Maryland HomeCredit discounted with no DHCD Fees (lender fees may apply). A Maryland HomeCredit provides homebuyers with a federal tax credit of up to $2,000 every year for the life of the mortgage
My HOME-Homebuyer Assistance on any Residential Property
The Redevelopment Authority of Prince George's County (RDA) has suspended the “My HOME” homebuyer assistance program effective January 28, 2015, due to funding depletion. Completed applications received by January 28, 2015 that are pending approval, will be funded on a “first completed” basis, as additional funds become available.
Buy SUITLAND Program-Selected Census Tracts in PG County
The BUY SUITLAND Program will also award grants to assist purchasing owner occupied or vacant resale properties where the seller is at least 60 days delinquent on mortgage payments. Verification of mortgage delinquency at time of contract will be required.
American Dream Downpayment Initiative (ADDI) Program
The American Dream Downpayment Initiative ("ADDI") provides downpayment and closing cost assistance to families who are first-time homebuyers (or have not owned a home in the last 3 years) for the purchase of single-family housing.The ADDI program is a 5-year forgivable loan at 0% interest of up to $5,000 for downpayment and/or closing costs.
Deputy Sheriffs, and County and Municipal Police Officers Save on Transfer Taxes when Buying a New Home At least one of the Purchasers must be employed as a Prince George's County Police Officer or Deputy Sheriff, or a Municipal corporation police officer serving in Prince George's County
Police FIRST TIME Homebuyers
Down Payment Savings from FHLB Atlanta Bank:
Up to a $15,000 Savings for Homebuyers
Down payment and closing cost savings are available to homebuyers through two new programs. These two programs do NOT require you to be a first-time homebuyer.
The Foreclosure Recovery program provides up to $15,000 for the purchase, or purchase and rehabilitation, of any home within the Real Estate Owned (REO, or better known as foreclosed) inventory of an FHLB Atlanta member financial institution.
The Community Stability program provides up to $7,500 for the purchase, or purchase and rehabilitation, of an existing home located in any neighborhood which is also approved for NSP funds. FHLBank Atlanta will provide up to $7,500 in 4 to 1 matching funds (the homebuyer must contribute at least $1,000) per eligible household for down payment and closing costs. Funds are available on a first-come, first-served basis and potential homebuyers must request the funds from a participating lender. A large number of local and national banks are participating lenders.
UP TO $5,000 DOWN PAYMENT ASSISTANCE All eligible homebuyers qualify for $5,000 in standard Down Payment Assistance (which is a no-interest, deferred loan), eligible homebuyers that participate in this program will qualify for a 0.25% reduction in the standard MMP interest rate. Check today’s interest rates
Maryland Veterans Incentive Program
All qualified borrowers under this initiative are also eligible to receive $5,000 for down payment and closing cost assistance through the Maryland Mortgage Program's Down Payment Assistance (DPA) Program plus any applicable Partner Match funds.
MARYLAND HOMECREDIT
Maryland HomeCredit discounted with no DHCD Fees (lender fees may apply). A Maryland HomeCredit provides homebuyers with a federal tax credit of up to $2,000 every year for the life of the mortgage
My HOME-Homebuyer Assistance on any Residential Property
The Redevelopment Authority of Prince George's County (RDA) has suspended the “My HOME” homebuyer assistance program effective January 28, 2015, due to funding depletion. Completed applications received by January 28, 2015 that are pending approval, will be funded on a “first completed” basis, as additional funds become available.
Buy SUITLAND Program-Selected Census Tracts in PG County
- Assistance amount up to $40,000-primary residence only
- Allowed with FHA 203k loans
- Maximum loan amount-$625,000
- Foreclosed and short sale properties ONLY
- Income limits apply
- Minimum cash contribution based on income as % of Area Median Income (AMI)
- Maximum rehab amount-$35,000
- Eligibility: first time home buyers or those who have not owned a home anywhere in the last three years
American Dream Downpayment Initiative (ADDI) Program
The American Dream Downpayment Initiative ("ADDI") provides downpayment and closing cost assistance to families who are first-time homebuyers (or have not owned a home in the last 3 years) for the purchase of single-family housing.The ADDI program is a 5-year forgivable loan at 0% interest of up to $5,000 for downpayment and/or closing costs.
- Purchaser(s) must be first-time homebuyers or not have owned a home in at least three (3) years
- Purchaser(s) must earn 80% or less of the area median income based on household size
- Purchaser(s) must buy a home located in Prince Georges County, Maryland
- Purchaser(s) must live in home as their primary residence during the 5-year term of the downpayment/closing cost loan; no temporary subleases
- Purchaser must complete an intensive homeownership educational workshop conducted by a HUD-approved housing counseling agency PRIOR to applying for ADDI funds
- Contribute a minimum of $1,000 toward the purchase of the home
- Qualify for a first mortgage
Deputy Sheriffs, and County and Municipal Police Officers Save on Transfer Taxes when Buying a New Home At least one of the Purchasers must be employed as a Prince George's County Police Officer or Deputy Sheriff, or a Municipal corporation police officer serving in Prince George's County
Police FIRST TIME Homebuyers
- Eliminates the County transfer tax of 1.4% for Prince George's County Police Officers, Deputy Sheriffs, and Municipal Police Officers serving local communities in the County WHO ARE FIRST TIME HOMEBUYERS
- Reduces the County transfer tax from 1.4% to 1% for County Police, Deputy Sheriffs, and Municipal Police who currently own homes and wish to purchase a new residence
Down Payment Savings from FHLB Atlanta Bank:
Up to a $15,000 Savings for Homebuyers
Down payment and closing cost savings are available to homebuyers through two new programs. These two programs do NOT require you to be a first-time homebuyer.
The Foreclosure Recovery program provides up to $15,000 for the purchase, or purchase and rehabilitation, of any home within the Real Estate Owned (REO, or better known as foreclosed) inventory of an FHLB Atlanta member financial institution.
The Community Stability program provides up to $7,500 for the purchase, or purchase and rehabilitation, of an existing home located in any neighborhood which is also approved for NSP funds. FHLBank Atlanta will provide up to $7,500 in 4 to 1 matching funds (the homebuyer must contribute at least $1,000) per eligible household for down payment and closing costs. Funds are available on a first-come, first-served basis and potential homebuyers must request the funds from a participating lender. A large number of local and national banks are participating lenders.
All qualified borrowers under this initiative are also eligible to receive $5,000 for down payment and closing cost assistance through the Maryland Mortgage Program's Down Payment Assistance (DPA) Program plus any applicable Partner Match funds.
MARYLAND HOMECREDIT
Maryland HomeCredit discounted with no DHCD Fees (lender fees may apply). A Maryland HomeCredit provides homebuyers with a federal tax credit of up to $2,000 every year for the life of the mortgage
My HOME-Homebuyer Assistance on any Residential Property
The Redevelopment Authority of Prince George's County (RDA) has suspended the “My HOME” homebuyer assistance program effective January 28, 2015, due to funding depletion. Completed applications received by January 28, 2015 that are pending approval, will be funded on a “first completed” basis, as additional funds become available.
Buy SUITLAND Program-Selected Census Tracts in PG County
The BUY SUITLAND Program will also award grants to assist purchasing owner occupied or vacant resale properties where the seller is at least 60 days delinquent on mortgage payments. Verification of mortgage delinquency at time of contract will be required.
- Assistance amount up to $40,000-primary residence only
- Allowed with FHA 203k loans
- Maximum loan amount-$625,000
- Foreclosed and short sale properties ONLY
- Income limits apply
- Minimum cash contribution based on income as % of Area Median Income (AMI)
- Maximum rehab amount-$35,000
- Eligibility: first time home buyers or those who have not owned a home anywhere in the last three years
American Dream Downpayment Initiative (ADDI) Program
The American Dream Downpayment Initiative ("ADDI") provides downpayment and closing cost assistance to families who are first-time homebuyers (or have not owned a home in the last 3 years) for the purchase of single-family housing.The ADDI program is a 5-year forgivable loan at 0% interest of up to $5,000 for downpayment and/or closing costs.
- Purchaser(s) must be first-time homebuyers or not have owned a home in at least three (3) years
- Purchaser(s) must earn 80% or less of the area median income based on household size
- Purchaser(s) must buy a home located in Prince Georges County, Maryland
- Purchaser(s) must live in home as their primary residence during the 5-year term of the downpayment/closing cost loan; no temporary subleases
- Purchaser must complete an intensive homeownership educational workshop conducted by a HUD-approved housing counseling agency PRIOR to applying for ADDI funds
- Contribute a minimum of $1,000 toward the purchase of the home
- Qualify for a first mortgage
Deputy Sheriffs, and County and Municipal Police Officers Save on Transfer Taxes when Buying a New Home At least one of the Purchasers must be employed as a Prince George's County Police Officer or Deputy Sheriff, or a Municipal corporation police officer serving in Prince George's County
Police FIRST TIME Homebuyers
- Eliminates the County transfer tax of 1.4% for Prince George's County Police Officers, Deputy Sheriffs, and Municipal Police Officers serving local communities in the County WHO ARE FIRST TIME HOMEBUYERS
- Reduces the County transfer tax from 1.4% to 1% for County Police, Deputy Sheriffs, and Municipal Police who currently own homes and wish to purchase a new residence
Down Payment Savings from FHLB Atlanta Bank:
Up to a $15,000 Savings for Homebuyers
Down payment and closing cost savings are available to homebuyers through two new programs. These two programs do NOT require you to be a first-time homebuyer.
The Foreclosure Recovery program provides up to $15,000 for the purchase, or purchase and rehabilitation, of any home within the Real Estate Owned (REO, or better known as foreclosed) inventory of an FHLB Atlanta member financial institution.
The Community Stability program provides up to $7,500 for the purchase, or purchase and rehabilitation, of an existing home located in any neighborhood which is also approved for NSP funds. FHLBank Atlanta will provide up to $7,500 in 4 to 1 matching funds (the homebuyer must contribute at least $1,000) per eligible household for down payment and closing costs. Funds are available on a first-come, first-served basis and potential homebuyers must request the funds from a participating lender. A large number of local and national banks are participating lenders.
