Prince Georges County First Time Homebuyers to Qualify for: "GOVERNMENT SPONSORED DOWN PAYMENT AND CLOSING COST ASSISTANCE"

If you are a homebuyer looking to purchace a home in Gorgious Prince Georges County, you've just run out of excuses not to purchase in 2009.

Take advantage of these womderful incentives: According to Prince Georges County, http://www.pgcar.com/pghome_pres_message/default.htm here are some of what you need to qualify for the neighborhood Neighborhood Stabilization Plan.

• Applications for down payment assistance are NOW being accepted. You can start your home search, loan qualification and other steps in the process now.

• Down Payment and Closing Cost Assistance loans in amounts up to the lesser of 3.5% - 7% of the purchase price or $15,000 - $20,000, is now available to qualified buyers of foreclosed properties. A wide range of income levels qualify. You may earn from 30% to 120% of the area median income.

• Purchaser's total household income must not exceed 120% of the area median income (e.g. At 120% a family of three may earn up to $106,250 in annual income).

• Applicants must be able to qualify for a first mortgage through a Participating Lender, to purchase the home.

• The prospective property must be a vacant foreclosure located within certain Prince George's County zip codes.

• Applicant must be a first time home buyer, defined as "not owning a home within the last three years."

• Applicant must have a minimum cash contribution of $1,000 to $2,000.

• Applicants must attend 8 hours of HUD approved Home Buyer Education classes.

Regards,

Emmaniece Gordon, CDPE, Associate Broker

B.S., GRI, ABR, e-PRO, ASP, CAS

By the way!Who do you know who is thinking of Buying or Selling Real Estate or simply facing financial hardship in paying their mortgage?Help is only a phone call away! As a Certified Distressed Property Expert, I‘m never too busy to help you, your family and friends. "Together We Achieve More, Because No One Ever Succeeds Alone!"

Gordon HomeSource Group@

Keller Williams Realty Flagship

C: 301-728-0924

O: 410-729-7700

F: 866-890-5678

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