The American dream of home ownership is alive and well in Gorgeous Prince Georges County. With the Neighborhood Stabilization Program helping people with down payments and closing costs it is easier now to become a home owner. I have had the privilege of helping several people use this program and spend less than the cost of moving into a rental unit to accomplish that goal. The caveat is that the property must be a foreclosure and the purchaser must be a first time home buyer. That is someone who has not owned a home in the last 3 years. Several Bowie zip codes qualify for the maximum allowable assistance of $20,000.00.
Several people using this program have purchase properties that have appraised for 20k - 60k above the purchase price and they have gotten money to remodel the property and turn it into the home of their dreams. From condo to mini-mansion this program works and I know because it has worked for my clients.