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  • Rashad Howell | Own Real Estate Blog

    Thursday, October 18, 2018   /   by Rashad Howell

    $20,000 Purchase Assistance Program

    Prince George's County Purchase Assistance Program (PGCPAP)















    Fostering and promoting affordable homeownership is a key housing policy strategy for Prince George's County.  The Prince George's County Purchase Assistance Program (PGCPAP) supports this strategy by providing home purchase assistance to eligible, first-time home buyers to purchase residential properties in Prince George's County.  Home purchase assistance includes down payment, mortgage principal reduction and/or closing costs.  

    The Program is funded by the Housing Investment Trust Fund.  The Redevelopment Authority of Prince George's County administered the program in partnership with participating lenders, realtors and housing counseling agencies that are approved by the U.S. Department of Housing and Urban Development (HUD).

    The PGCPAP remaining available balance is $1,986,501.40 as of October 1, 2018.










    Loan Terms

    Maximum loan: $15,000.00 ...

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    Thursday, October 18, 2018   /   by Rashad Howell

    Baltimore Sun Real Estate Article

    Redevelopment of West Baltimore's Poppleton begins to take shape










    Two apartment buildings near the University of Maryland, Baltimore campus are about to open, marking the beginning of giant and long awaited project to remake Poppleton.






    Meredith CohnContact ReporterThe Baltimore Sun





    Between the Poe Homes public housing complex and the University of Maryland BioPark stand two new apartment buildings that will open soon and begin to make good on a huge and long-awaited revitalization plan for West Baltimore.

    Officials with New York-based La Cite Development plan to cut the ribbon Nov. 2 on the 262 apartments, the first of about 30 buildings planned in Poppleton. The development is expected to include 3,000 apartments, retail shops, new roads and green spaces on 32 acres across Martin Luther King Boulevard from downtown.

    “There’s a rooftop deck to watch the sunrise and another one to watch the sunset, depending on your mood ...

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    Thursday, October 18, 2018   /   by Rashad Howell

    Should You Invest In Baltimore Real Estate

    Baltimore Real Estate Data
    Baltimore looms large in American history. First settled in the 1600s, it was one of the largest cities in the U.S. in the colonial era. It is often thought of as a distant suburb of Washington D.C. today, an industrial city on the decline. Yet this city is experiencing a turn around that presents a unique opportunity for real estate investors. The Baltimore real estate market offers a variety of properties for buyers who are looking for a place to call home.
    Baltimore is home to around 600,000 people. The Baltimore housing market at first blush would seem like a bad investment, since the city saw a nearly 5% drop in population from 2000 to 2010. This is a continuation of a decades long flight from the city; between 1970 and 2000, the total population declined by almost a third. However, there is significant opportunity in the Baltimore real estate market for investors, and not just because the metropolitan area is home to nearly th. ...

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    Thursday, October 18, 2018   /   by Rashad Howell

    Maryland Mortgage Program

    Maryland Mortgage Program


    Buying a home is a big deal. For Marylanders just like you, it may be the single largest purchase you ever make, and the choices you make can impact your family’s life for years to come. For many people, becoming a homeowner can mean stability, greater control over how you live, and the potential for building wealth and equity for your family’s future.

    What is the Maryland Mortgage Program?

    The Maryland Mortgage Program (MMP) provides 30-year fixed-rate home loans to eligible homebuyers purchasing in Maryland. Loan terms are competitive with other home loan products on the market, but what makes MMP unique is the range of associated financial incentives and other assistance that, for many homebuyers, means the difference between being able to purchase and continuing to rent.

    Home Loans

    All home loan products available through MMP are 30-year, fixed-interest rate mortgages. There are a few different types of home loan products, an ...

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    Thursday, October 18, 2018   /   by Rashad Howell

    Montgomery County Homeownership

    Montgomery Homeownership Program II??


     
     

    The Montgomery Homeownership Program II, an initiative of the Maryland Mortgage Program in partnership with Montgomery County, gives eligible homebuyers purchasing in Montgomery County up to $25,000 in down payment assistance.

    This financial incentive is provided by Montgomery County to help working families and first time home buyers achieve affordable homeownership in the County. Eligible homebuyers can take advantage of this assistance by purchasing their home through the Maryland Mortgage Program, which has helped thousands of families achieve homeownership and comes with the security that only the state's flagship homeownership program can provide. 

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