First Time Home Buyers can now take advantage of the MY HOME II and Maryland Preferred Rate Loan – effective immediately. This is a special partnership with Prince George’s County. The collaboration pairs the Maryland Preferred Rate loan which offers the lowest rate available through the Maryland Mortgage program (MMP). Now, you take advantage of a generous down payment assistance provided by the Prince George’s County MY HOME II program. The two programs require separate applications.
- Maryland Preferred: A Maryland Mortgage loan at a very attractive interest rate (shown on our website and effective as of time of reservation). Application is made through an approved MMP lender. For more information, please see the fact sheet available on mmp.maryland.gov/PrinceGeorges.
- MY HOME II: A home buyer assistance program administered by the Redevelopment Authority of Prince George’s County. Only lenders approved by both MMP and MY HOME II can offer both programs. MY HOME II is available until December 31, 2016 or until the funds run out, whichever occurs first) to eligible borrowers purchasing in one of the following fourteen (14) designated zip codes (while funding lasts). Zips codes:20706 – 20710 – 20722 – 20737 – 20743 – 20744 – 20745 – 20747 – 20746 20772 – 20748 – 20774 – 20784 – 20785.
If you are first time home buyer thinking about the investment in your dream home in the coming months give us a call at 301-483-8073. We can refer you to one of our qualified loan officers who will place you on the fast track to purchase a home before the rates start creeping upward. Don’t wait – Take advantage of these two outstanding loan programs now!