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

Fact Sheet
Take a Virtual Tour

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

Thanks to our Funding and Development Partners!!!

Construction Photos

September 2019 – September 2020