There is a new program that just rolled out in Prince George’s County, MD that can help first-time home buyers purchase a home with virtually no money down.  The program has a few guidelines:

• the homes must be vacant
• the homes are all foreclosed homes
• there is a sliding scale as to how much down payment assistance is available based on income
• there are incentives for purchasing a home in certain zip codes.

If you would like to learn more about the program you can visit the website for the Prince George’s County Association of Realtors.

There are only a certain number of lenders that have been qualified to provide the funding and support for this program.  I’m proud to say that one of them is Rob Mercer of First Home Mortgage.  I’ve know Rob for years and he is a man of integrity and experience.  I’m glad he is one of the “go to” lenders for this important program that can help a lot of first time home buyers realize their dream of home ownership.

Check out this short video of a newscast from last night (with a short sound bite from Rob Mercer).