6934 Stoddert Ln

Landover, MD 20785

Buyers only need to qualify for $356,000 to buy this $445,000 home! Yes, you read that right. Seller is providing ZERO INTEREST / ZERO MONTHLY PAYMENT / FORGIVABLE INCREMENTALLY OVER 15 YEARS 2nd trust for up to $89,000. ($356,000 + $89,000 = $445,000). This is not a gimmick, it's a once in a lifetime opportunity to own a $445,000 townhouse for the monthly cost of a $356,000 townhouse. And buyers can use whatever lender they want for the $356,000 first trust. This beautiful townhouse is only 3 years old! Built in 2018, this home features a wide open living level with gorgeous laminate flooring, a brand new kitchen with all new appliances, a huge island, quartz countertops, a formal dining area, and access to a back deck. The upper level features three bedrooms and two full bathrooms, including a spacious primary suite with a full primary bathroom and a huge walk-in closet. On the lower level, you will find a rec room with access to the new back patio, a half bathroom, and an oversized 1-car garage with lots of storage space. Buyer(s) of this home must be first-time home buyers at or below 80% of the median area income and must complete HIP's homebuyer education program and one-on-one counseling with a HUD-certified counselor prior to settlement. Buyer(s) must qualify for a $356,000 mortgage loan. The seller, Housing Initiative Partnership, will provide an $89,000 2nd Deed of Trust to cover the difference between the contract price and the mortgage loan amount. The 2nd Deed of Trust has 0% interest, no monthly payments, and is 100% forgivable after living in the property for 15 years.