Classes

Classes are offered every other week. Start time is 8:30 and ends at 4:00. There is a $25 cost to take the class which will provide you with an HUD approved First Time Homebuyer Certificate.

Down Payment and Closing Cost Assistance My HOME Program Funding Suspended

Down Payment and Closing Cost Assistance My HOME Program Funding Suspended New Savings for Military Homebuyers ~ MD Homefront $50 Million Initiative $30 Million Targeted Areas Initiative Offers 2.875% Interest Rates for Maryland Homebuyers Buy Suitland Initiative: Up to 5% of Home Purchase Price to First-Time Homebuyers Up to 7% for Local Civic Employees Up to $10,000 Downpayment / Closing Costs Assistance with American Dream Downpayment Initiative Receive Up to $15,000 for Down Payment from Participating Banks Maryland Veterans Homeownership Initiative for Prince George's County Sheriff & Police Officer Tax Breaks Up to $35,000 for Those Who Work and Buy a Home in College Park The Prince George's County Department of Housing and Community Development's (DHCD) My HOME Program has committed funding for over 300 down payment and closing costs assistance loans, making the American Dream of homeownership possible for many low and moderate income buyers. DHCD has temporarily suspended funding for the My HOME Program and is currently taking steps to identify additional resources in order to begin accepting applications as soon as possible. The My HOME Program has not been terminated; it has suspended the intake of new applications effective November 7, 2012. Applications submitted for processing as of November 7, 2012 will be funded on a ready to close basis, or placed on a waiting list, when additional funding becomes available. Once additional funds have been identified, the My HOME Program will resume taking applications. DHCD said the My HOME Program website at www.princegeorgescountymd.gov/myhome will be updated to reflect new information in the program's funding status and periodic e-mails will be sent to participating lender and REALTOR® partners. Please note that funding is still available through the Buy Suitland Program, for buyers interested in the Suitland NSP Target Census Tracts. See program guidelines at www.princegeorgescountymd.gov/buysuitland

Next HUD Approved Housing Counseling Agency Dates

Next HUD Approved Housing Counseling Agency Dates Please register http://www.thefreedownpayment.com/class_registration.html Cost $25 Registration 8:30 am Starts @ 9 1 Break class ends at 4:30 pm July 14th July 21st July 28th August 4th August 11th August 18th August 25th

NSP 2011

************************Announcement****************************************

My down payment assistance Prince George's county will be the new name of the down payment assistance program replacing NSP. It is set to kick off in February of 2011. As more details become available be will keep you up to speed.

8 Hour Required HUD Approved Course

Next HUD Approved Housing Counseling Agency Dates

Please register http://www.thefreedownpayment.com/class_registration.html

Registration 8:30 am
Starts @ 9
1 Break
class ends at 4:30 pm

Dates
January 8

January 22

February 12

February 26

March 12

March 26

April 9

April 23

May 7

May 21

June 11

Next HUD Approved Housing Counseling Agency Dates

With the advent of Prince Georges County’s NSP (Neighborhood Stabilization Program) set to kick off in 2011, we are happy to announce that we will now offer monthly Saturday informational sessions for the first time homebuyers programs and down payment assistance. Additionally, we will review existing programs, HPAP offers up to $77,000 in the District of Columbia for first time home buyers.

1. In 2010 NSP outlaid up to $20,000 towards down payment and closing cost for foreclosures and distressed properties in Prince Georges County. It would be prudent to reserve your spot today, funds are limited.


Date: Saturday, January 8, 2011
Time: 10:00-11:30
Location: 9701 Apollo Drive Suite 230 Upper Marlboro, MD 20774
Cost: Free

Each session has a maximum occupancy of 10 seats; solidify your spot by filling out the attached registration form and return. Registration must be received by Friday January 7th at 12:00 pm to reserve your position.




Next HUD Approved Housing Counseling Agency Dates

Please register http://www.thefreedownpayment.com/class_registration.html

Registration 8:30 am
Starts @ 9
1 Break
class ends at 4:30 pm

Dates
January 8

January 22

February 12

February 26

March 12

March 26

April 9

April 23

May 7

May 21

June 11

June 25

$30,000 for Anne Arundel County

Here is information to an additional program that became available!!!!

Arundel Community Development Services, Inc (ACDS) is currently offering down payment assistance in Anne Arundel County Maryland. The Mortgage Assistance Program (MAP) is designed for first time homebuyers needing assistance with down payments, closing costs, and reducing first mortgage amounts. Depending on your need, this program can provide up to $30,000 in assistance.
The funds are provided as a loan; however, no payments are required and the funds are loaned at zero percent interest. MAP loan amounts must be repaid when you sell your home, transfer the title, or in 30 years, whichever occurs first. Under certain circumstances you may be required to repay the MAP loan if you refinance your first mortgage. The dollar amount of the MAP loan is determined by ACDS staff in conjunction with your mortgage company. A lien for the amount of the loan will be placed on the property through a Deed of Trust.
Am I eligible for MAP funds?
To be eligible for the Mortgage Assistance Program, you must:

1. (1) be a first time homebuyer, which means you have not owned an interest in real property during the last three years,
2. (2) be a graduate of the ACDS Homeownership Counseling Program, and
3. (3) have a household income at or below the limits listed in the chart below.

Household Size:

1
Person

2
Person

3
Person

4
Person

5
Person

6
Person
Income Limit

$45,100

$51,550

$58,000

$64,400

$69,600

$74,750
As income limits are subject to periodic adjustments, you may want to call our office to confirm your eligibility.

For more Details Contact:
Andre Butters
Residential Mortgage Corporation
TheFreeDownPayment.com
AButters@thefreedownpayment.com
9701 Apollo Drive Suite 230
Largo, MD 20774
Tel 301-773-9811
Cell 240-602-7424 (Best Contact)