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Local Pennsylvania Down Payment Assistance
Local Down Payment Assistance Programs
Pennsylvania Down Payment Assistance Local
Learn About Pennsylvania Down Payment Assistance
The following mortgage down payment assistance programs were developed by local Pennsylvania counties and municipalities. See more information about statewide Pennsylvania down payment assistance programs.
Bucks County
Bucks County
Bucks County offers the following Local Down Payment Assistance:
- First Time Homebuyer Affordable Housing Program
- Maximum loan of $10,000
- Deferred loan is forgiven if all terms of the program are met
- Total Household Income cannot exceed 80% of the Area Median Income
- Approved for use with FMNA, FHLMC, FHA, RD or VA first mortgages
- To qualify for down payment assistance in Pennsylvania, buyers are required to complete mandatory counseling to educate potential borrowers on homeownership.
Homebuyer Education
Chester
Chester
Local Down Payment Assistance program available in Chester:
- Homebuyer Assistance Program (HAP)
- Maximum interest-free loan of $5,000 toward down payment (or 50% of down payment, whichever is less) and $5,000 toward closing costs
- Deferred loan forgivable after 5 years if all terms of the program are met
- Buyers must contribute a minimum of $1,000 toward the purchase
- To qualify for Pennsylvania down payment assistance, buyers are required to complete 8 hours of homeownership counseling.
Homebuyer Education
Dauphin County
Dauphin County
Dauphin County offers the following Local Down Payment Assistance:
- First Time Homebuyers Program (FTHB)
- Maximum interest-free loan of $3,000
- Buyer must contribute a minimum of $1,000 toward the purchase
- Deferred loan repayable upon sale of the home
- Loan can be used toward purchase of home or closing costs
- To qualify, buyers must complete the Capital Region Homebuyers Coalition Workshop through the Harrisburg Fair Housing Council (HFCH).
Homebuyer Education
Montgomery County
Montgomery County
Montgomery County offers the following Local Down Payment Assistance:
- First Time Home Buyers Program
- Maximum interest-free loan of 10% of the sales price
- Deferred loan repayable only upon sale of the home or transfer of title
- Buyers must contribute a minimum of 3% of the purchase price toward the down payment and have a minimum of $3,000 in liquid assets at the time of application
- Approved for use with FNMA, FHLMC, FHA, RD or VA first mortgages
- To qualify for Pennsylvania down payment assistance, buyers are required to complete a counseling package and meet with a counselor one-on-one.
Homebuyer Education
Philadelphia
Philadelphia
Local Down Payment Assistance programs available in Philadelphia:
- American Dream Down Payment Initiative (ADDI)
- Maximum grant of $10,000 or 6% of the sales price (whichever is less) for first time homebuyers
- 15-year lien is forgivable if all terms of the program are met
- Maximum grant of $500 per household for closing costs
- To qualify, buyers are required to complete homeownership counseling through an Office of Housing and Community Development (OHCD)-funded housing counseling agency.
First Time Homebuyer Settlement Assistance Grant
Homebuyer Education
York County
York County
York County offers the following Local Down Payment Assistance:
- First Time Homebuyer Assistance Program
- Maximum loan of $5,000
- 5-year forgivable loan is all terms of the program are met
- Buyers must contribute a minimum of 3% or $1,000 (whichever is greater) toward down payment and closing costs
- Approved for use with FNMA, FHLMC, FHA, RD or VA first mortgages
- To qualify for down payment assistance in Pennsylvania, buyers must complete an 8-hour homebuyer education class and a 2-hour one-on-one education through the Community Progress Council, Inc. (CPS).
Homebuyer Education
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About Local Pennsylvania Down Payment Assistance
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Copyright © 2011 Meridian Home Mortgage Corp. NMLS #56301. All rights reserved.
Copyright © 2011 Meridian Home Mortgage Corp. NMLS #56301. All rights reserved.
Meridian Home Mortgage Corporation NMLS #56301. Licensed by the Virginia State Corporation Commission #MC-3680; Commonwealth of Pennsylvania Department of Banking #21605; State of Maryland #8196; Connecticut Banking Commission #11930; Delaware Bank Commissioner #7885, District of Columbia MLB56301; Florida Office of Regulation MLD172; Massachusetts Division of Banks Broker #MB56301; Kentucky MB 72686; Washington CL-56301; Oregon ML-4979; Georgia Department of Banking and Finance #33346.
Loans are arranged through third parties. We arrange but do not make loans.
Meridian Home Mortgage Corporation is located at 1363 N. Main St Hampstead, Maryland 21074
Meridian Home Mortgage Corporation is located at 1363 N. Main St Hampstead, Maryland 21074