************************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.
Saturday, January 15, 2011
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
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
Tuesday, August 10, 2010
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
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
Friday, July 30, 2010
$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)
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)
Friday, March 12, 2010
Next HUD Approved Housing Counseling Agency Dates
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
March 13
March 27
April 10
April 24
May 8
May 22
June 12
June 26
Please register http://www.thefreedownpayment.com/class_registration.html
Registration 8:30 am
Starts @ 9
1 Break
class ends at 4:30 pm
Dates
March 13
March 27
April 10
April 24
May 8
May 22
June 12
June 26
Monday, March 1, 2010
Montgomery County Closing Cost Assistance (HOC)
To Be Eligible:
At least ONE borrower must be working in Montgomery County.
Must be a first time home buyer. May not have owned or co-owned any residential property in the past 3 years. Three years of tax returns needed.
Buy a home costing no more than $429,619.
Total household income does not exceed current limits (see below).
MUST BE USED with the HOC First Trust Mortgage Purchase Program.
All HOC first mortgage interest rates can be used.
BORROWER MUST USE A HOC PARTICIPATING LENDER
Criteria:
Maximum loan amount is 5% of the sales price not to exceed $10,000.
Can be used to cover down payment, closing costs, escrows, or other prepaid expenses.
Current Maximum Sale Price is $429,619 - ALL Properties.
Current Maximum Income Limits: One person household $ 86,268**
Two person $ 123,240** Three or more: $ 143,780**
At least ONE borrower must be working in Montgomery County.
Must be a first time home buyer. May not have owned or co-owned any residential property in the past 3 years. Three years of tax returns needed.
Buy a home costing no more than $429,619.
Total household income does not exceed current limits (see below).
MUST BE USED with the HOC First Trust Mortgage Purchase Program.
All HOC first mortgage interest rates can be used.
BORROWER MUST USE A HOC PARTICIPATING LENDER
Criteria:
Maximum loan amount is 5% of the sales price not to exceed $10,000.
Can be used to cover down payment, closing costs, escrows, or other prepaid expenses.
Current Maximum Sale Price is $429,619 - ALL Properties.
Current Maximum Income Limits: One person household $ 86,268**
Two person $ 123,240** Three or more: $ 143,780**
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.
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