$7,500 Grant Program for Prince Georges County, Maryland

Real Estate Broker/Owner with Equity First Realty VA BKR# 0225058489

$7,500 Grant Program for Prince Georges County, Maryland

$7,500 Grant Program for Prince Georges County, Maryland

The Marcus Rice Team has just received word from a approved lender for this program just released on April 19, 2010. This southern bank participates with approved lenders to offer First Time Home Buyer Grants to purchase properties. This money can be used for down payment and closing costs. Here are some of the highlights of the program:

1.       Available to first time home buyers only (have not owned a home for 3 years)

2.       Owner occupied properties only

3.       Income restrictions- 80% of Area Median Income

4.       Homebuyer counseling required ( No fee to buyer)

5.       Buyer must have $500 into the transaction

6.       The funds available are a 5:1 match. For every $1 the buyer puts into the transaction the bank puts up $5. Up to a maximum of $7,500. A borrower who puts $1,000 can get $5,000 from the grant program.

7.       Not restricted by location of property

8.       Location include:  Berwyn Heights MD, Glenarden MD, Bladensburg MD, Greenbelt MD, Bowie MD, Hyattsville MD,  Brentwood MD, Landover Hills MD, Capitol Heights MD, Laurel MD, Cheverly MD, Morningside MD, College Park MD,  Mount Rainier MD, Colmar Manor MD, New Carrollton MD, Cottage City MD, North Brentwood MD, District Heights MD, Riverdale Park MD, Eagle Harbor MD, Seat Pleasant MD, Edmonston MD, University Park MD,  Fairmount Heights MD, Upper Marlboro MD, Forest Heights MD.

9.       Condominiums, Townhomes, Single family detached are all allowed and can be used with any type of financing including FHA and the 203K loans.

Thanks to my lender for providing me this information: Please call or email the Marcus Rice Team for more information.

We represent home buyers and sellers as their exclusive agents in the Maryland suburbs of Washington DC and nearby counties.

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The Marcus Rice Team specializes in Washington D.C., Prince Georges, Montgomery, Anne Arundel, Howard & Charles County Homes and Real Estate for sale. We are tech savvy realtors with over 11 years experience. Please join us on our Social Networking Network to stay up to date on Maryland and Washington D.C. real estate news and more...

The Marcus Rice Team can be reached at 301-910-6502 or marcusrice1@msn.com  


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The Marcus Rice Team
Remax Leading Edge

1360 Main Chapel Way
Gambrills, MD 21054

Call Marcus at 301-910-6502
Fax 240-334-4797

by email:
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Certified Distressed Property Expert


Posted by

Marcus E. Rice - Principal Broker, CDPE


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Marcus Rice
Equity First Realty - Richmond, VA
Your Richmond & Northern VA Real Estate Broker

Show me the money!

May 10, 2010 12:57 AM #1
Brent Kluge
Senior Vice President, Secured Funding Corporation - Rockville, MD
I do mortgages REALLY well and I WON'T RIP YOU OFF

Fantastic Program!


Going after that house that is in need of some freshening up?  FHA 203K!  You can actually get the house like new, Fix it up the way you want, BUY IT AND FIX IT UP AND ACTUALLY HAVE INSTANT EQUITY and only spend $500.00???

THIS... is the way to buy a house. 


Good luck and have fun househunting!


Brent Kluge


May 10, 2010 01:10 AM #2
Marcus Rice
Equity First Realty - Richmond, VA
Your Richmond & Northern VA Real Estate Broker


Thanks a lot for the the advice, I will go to your site and check you out.

May 10, 2010 01:36 AM #3
Connie Lou Barnett
Real Living/Home Realty - Owensboro, KY


    Can you send some of that money on down to Kentucky?  Fabulous program!

Connie Lou

May 10, 2010 02:15 AM #4
Marcus Rice
Equity First Realty - Richmond, VA
Your Richmond & Northern VA Real Estate Broker

Connie, I sent you a email and thanks  for the comments, I'll try to get some of that money down to you today!

May 10, 2010 02:38 AM #5
Akilah Miles

Is this grant only avialable through a particular lender?

Jan 29, 2013 09:33 PM #6
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