New Construction Townhomes in Palmer Park!
Grand Opening & Ribbon Cutting Ceremony – 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
Palmer Park Meadows sold out in August.
Please join us for the Virtual Ribbon Cutting Ceremony on Wednesday, Sept. 30.
Sales questions can be directed to Cerrito Realty, 301-780-5880 | cerritorealty@verizon.net
For general questions about HIP’s other development activity, please contact: SProestel@HIPhomes.org
