Grand Opening – Palmer Park Meadows
September 30, 2020
WE’RE SOLD OUT!!!
9 TOWNHOMES
2002 – 2018 Palmer Park Road | Landover MD 20785
3 BRs, 2.5 BAs with unfinished basement
1,400 – 1,600-square feet

Features
9 Affordably priced townhomes – $330,000
Zero Ready, Home certified, energy-efficient with high quality finishes
Private, off-street parking in front, fenced-in backyards
White or Espresso cabinetry, with Granite countertops in the kitchen and bathrooms
Conveniently located within 2-3 miles of Landover Metro station; Metro bus stops near corner of Barlowe Road


Qualifications
First-time homebuyer in Maryland; Household income at or below 80% of the area median income.
Purchaser responsible for financing $265,000. HIP will provide a $65,000 second deed of trust at 0% interest.
Purchaser Contribution:
Minimum contribution of 1.75% of purchase price ($5,775.00)
Household size | AMI calculation: 1
2 3 4 $70,600
5
$108,900
$80,650 6
$116,950
$90,750 7
$125,000
$100,800
8
$133,000
Complete HIP’s homebuyer education course and one-on-one pre-purchase counseling with a HUD-certified counselor.

Lender Partner
Citi (Contact Joe Giampetroni @ 301-509-6905)
Conventional Financing
No Private Mortgage Insurance (PMI)
$5,000 downpayment/closing cost assistance


