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Redevelopment Authority of Prince George's County

My HOME II Program (Mortgage Settlement Program)

Up to $20,000 toward a down payment in MD.

Location
MD
Type
Deferred loan
Max assistance
$20,000
First-time buyer
Required
Property types
Single family, Townhouse, Condo

The My HOME II Program (Mortgage Settlement Program), administered by the Redevelopment Authority and funded by the federal HOME program, assists income-eligible first-time homebuyers with up to $20,000 for down payment, closing costs, and/or principal reduction. Unlike forgivable products, the loan is not forgiven and is fully due upon sale, transfer, refinance, or loss of owner-occupancy.

Learn this program

Short reads on how it works, in plain language. Free, no sign-up needed to read.

Free course from Hey Prescott

My HOME II Program (Mortgage Settlement Program), explained

A short, free course on My HOME II Program (Mortgage Settlement Program): what it is, who it is for, when it is repaid, where it applies and how to apply. Based on program data from July 2026. About ten minutes.

5 modules · About 10 minutes

Program details are sourced from public agency data and may change. Confirm eligibility with a Hey Prescott loan officer before applying.