NEW $15,000/$20,000 Prince George’s County Down Payment Assistance

NEW $15,000/$20,000 Prince George’s County Down Payment Assistance

Due to the success of the Pathway to Purchase Program, Prince George’s County has opened a new down payment assistance program.
PGCPAP Program Highlights:
  • $15,000 Down-payment and Closing cost assistance
  • Police Officers, Teachers, Nurses, and similar positions may be eligible for $20,000
  • Income limit is 120% of the AMI (up from 100% for Pathway)
  • Maximum purchase price $462,000 (up from $307,000)
  • Home must pass a HQS Inspection
  • Re-sales, short sales, new construction, and foreclosures are all eligible.
  • Minimum credit score 620
  • Maximum DTI 35/47
  • Minimum down payment 1.75%
  • 60 day closing
  • Can be used with FHA, Conventional, or VA loans.
Michael Chelst | Branch Manager
Norcom Mortgage | NMLS #189764
7500 Greenway Center Drive Suite 110 | Greenbelt, MD 20770
Cell: 301-254-7636
Licensed in: MD DC & VA

Norwich Commercial Group, Inc. | NMLS #71655

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