HOMEBUYERS HUB
Prince George's County
Prince George's County, located in Maryland, is a diverse and rapidly growing region adjacent to Washington, D.C. The benefits of first-time homebuyer programs in Prince George's County include financial assistance for down payments and closing costs, reduced interest rates, and educational resources to guide newcomers through the home buying process. These programs enhance the accessibility of homeownership in this thriving and culturally rich area, allowing individuals and families to invest in their first homes in a diverse and well-connected community with excellent opportunities and amenities.
Maryland Mortgage Program
What You need to know
640 Credit Score Requirement
Up to 25k In Assistance
Income limit up to 174,300.00
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Maximum Down Payment and Closing Cost Assistance: Borrowers in Prince George's County can receive a maximum of $25,000 in down payment and closing cost assistance. This assistance can significantly reduce the upfront costs associated with purchasing a home.
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Credit Score Requirements: Borrowers are required to have a credit score of 640 or higher to be eligible for the program. A credit score of 640 is considered fair, but it meets the program's minimum requirement.
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Maximum Income Limit: Borrowers can have a maximum income of $174,300 to qualify for the Maryland Mortgage Program in Prince George's County. This income limit is designed to make homeownership more accessible to a wide range of income levels.