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

Fact Sheet
Take a Virtual Tour
Palmer Park

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

Funding and Development Partners