Philadelphia First Time Homebuyers
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What to know:
- Recipients must be a first-time homebuyer or a buyer who has not owned a home for at least three years
- Be a resident of the City of Philadelphia for three years and must purchase a home in Philadelphia
- Housing counseling at a DHCD funded housing counseling agency is required
- Borrowers MUST apply for funds before entering an agreement of sale
- Lien will be forgiven after 15 years, and in interim will become a lien on the first mortgage
- Income eligibility requirements apply & are displayed below
The program can be used with FHA, Conventional, and VA loans. Funds are limited.
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Philly announces first time homebuyer assistance program!
The City of Philadelphia's Division of Housing and Community Development recently announced a program aiding first time home-buyers with up to $10,000 towards closing costs!
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Income guidelines by household size
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Three Ways to Apply
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1
Find your Quaint Oak Mortgage Banker and let them guide you through the process.
2
Visit one of our office locations to speak with a Mortgage Banker about the mortgage process and ask about the Philly First Home Program.
For additional information on this program, please click here.
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