The “My Home II” Program in Prince George’s County
The popular “My Home II” Program ran from 9/1/2016 to 12/31/2016 in Prince George’s County. The program is currently unavailable, but there are alternative and replacement mortgage options that work just as well for first time home buyers. Ask us a question or pre-enroll for assistance and we’ll help you with the current programs that are available!
This down payment assistance and closing costs assistance program for Prince George’s County gives qualifying home buyers huge incentives toward the costs of buying their first home. Here’s what you can get if you meet income restrictions (it’s easy to qualify for!) and buy in 14 select zip codes in the County.
- Up to $20,000 toward the Down Payment or Closing Costs of the home you purchase. The amount awarded is based on 5% of the purchase price of the home you buy.
- The funds are structured as a 0% interest-free loan with no monthly payments. You pay this loan back in the future when you sell the home or transfer it to someone else. The up to $20K loan is paid off from the proceeds of the sale of the home.
My Home II is an off-shoot of the existing My Home program for the County. My Home II has higher income limits and in general is easier to qualify for.
This website is sponsored and maintained by UrbanLand Company, a D.C. based private real estate brokerage with its own $0 Down private assistance program & education program in Prince George’s County, Washington, D.C. (through the DC Open $0 Down Program), and Northern Virginia (through the VHDA $0 Down Grants Program).
Free Home Buyer Workshops are available twice a week. We meet on Tuesday nights at 5:30pm and Saturday mornings at 10am at our offices in NW DC. We’re in the Shaw neighborhood right at the U Street / Cardozo METRO stop or just drive in to 913 Florida Ave. NW. Check session availability & RSVP online or by calling 202.769.5681.
Don’t be afraid to ask even the simplest questions. Visit our help pages and you can make contact. We’re here to help!