Sign and own home event for first time home buyers in Prince
Georges county! The state of Maryland and the
housing authority of Prince George 's
county just announced a new program called “Maryland Mortgage Program Triple
Play". This program will make available up to $20,000 for down payment and
closing cost, a discount of 0.25% on the interest rate. Finally, a tax credit
for up to $2,000 annually on the home buyer’s federal income taxes for the life
of the loan is also made available.
It is estimated that about 500 families will benefit from
this new program, meaning the funds are very limited and once the fund is gone,
the program will likely close.
This program is for home buyers that have not owned a home in
the last 3 years, are able to qualify for a mortgage loan. However, buyers buying
in target zip codes don't have to be first time buyers, but their current home has
to be sold before closing on their new home.
This is a great program that will allow first time buyers to
get into homes for less than they pay for rent. This program started accepting
application in November. To get started, home buyers will need to contact a
lender that participates in this program. Also, the potential buyers need to
attend home buyer class. Many homes in the county qualify for this program. Some
of the targeted zips codes are homes for sale in 20744,20772, 20774,
20746,20706, 20747,29784,20737,20785,20786,20743.
This program is great for home sellers that are thinking of selling their home. Currently, the inventory is low and buyers will start
looking at homes once they apply for this program. Sellers can take advantage
of this program by getting their house ready with just a few updates that appeal to buyers.
If you are
thinking of selling your house in Bowie , Upper Marlboro, Fort Washington
Get personalized
Home Value Estimator Here.
Keji & Associates of Fairfax Realty is a team of
licensed agents working daily to get homes sold for our clients in Bowie, Upper
Marlboro, Fort Washington
No comments:
Post a Comment