Wednesday, February 24, 2010
Up to $35,000 for Those who Work and Buy a Home in College Park
Homebuyers who buy their home and work in College Park may be eligible to receive up to $35,000 in closing cost and down payment assistance through the WORK & LIVE COLLEGE PARK program.
CDA Eliminates MMP+ Program But Lowers Rates
Effective 2/23/10, the 3% and 2% grants, by raising the rate, will no longer be offered. CDA has also announced that the rates will be lowered by .5%. That means 5.25% 0 points 5.125% with 1 point, 5% with 2 points and 4.875% with 3 points.
Remember, Prince Georges County employees can receive up to $18,500 in County grants and State 0% loans.
Don’t forget that Teachers get a discounted rate for Transfer tax and officers are exempt.
Remember, Prince Georges County employees can receive up to $18,500 in County grants and State 0% loans.
Don’t forget that Teachers get a discounted rate for Transfer tax and officers are exempt.
Thursday, February 18, 2010
ALERT!!! NSP FUNDING DEPLETION FEBRUARY 17, 2010
ALERT!!! NSP FUNDING DEPLETION FEBRUARY 17, 2010
Due to the unprecedented demand for down payment and closing costs assistance through the Prince George’s County Neighborhood Stabilization Program,
ALL AVAILABLE FUNDING FOR HOUSEHOLDS WITH INCOME ABOVE 50% OF THE AREA MEDIAN HAS BEEN DEPLETED AS OF CLOSE OF BUSINESS
FEBRUARY 17, 2010, PRIOR TO THE FEBRUARY 19, 2010 APPLICATION DEADLINE.
Completed applications received on February 18-19, 2010, for households with income above 50% of the area median, will be placed on a waiting list. Please note that placement on a waiting list will not guarantee funding.
FOR HOUSEHOLDS OUTLINED BELOW, WITH INCOME AT OR BELOW 50% OF THE AREA MEDIAN, NSP will continue to accept applications until funding reserved for this population is depleted.
Income Levels
1-Person Household 2-Persons Household 3-Persons Household 4-Persons Household 5-Persons Household 6-Persons Household 7-Persons Household 8-Persons Household
Very Low Income 50% $35,950 $41,100 $46,200 $51,350 $55,450 $59,550 $63,650 $67,800
Due to the unprecedented demand for down payment and closing costs assistance through the Prince George’s County Neighborhood Stabilization Program,
ALL AVAILABLE FUNDING FOR HOUSEHOLDS WITH INCOME ABOVE 50% OF THE AREA MEDIAN HAS BEEN DEPLETED AS OF CLOSE OF BUSINESS
FEBRUARY 17, 2010, PRIOR TO THE FEBRUARY 19, 2010 APPLICATION DEADLINE.
Completed applications received on February 18-19, 2010, for households with income above 50% of the area median, will be placed on a waiting list. Please note that placement on a waiting list will not guarantee funding.
FOR HOUSEHOLDS OUTLINED BELOW, WITH INCOME AT OR BELOW 50% OF THE AREA MEDIAN, NSP will continue to accept applications until funding reserved for this population is depleted.
Income Levels
1-Person Household 2-Persons Household 3-Persons Household 4-Persons Household 5-Persons Household 6-Persons Household 7-Persons Household 8-Persons Household
Very Low Income 50% $35,950 $41,100 $46,200 $51,350 $55,450 $59,550 $63,650 $67,800
Subscribe to:
Posts (Atom)