Did you know, there are various grants in the Philadelphia region to help people purchase a home? You may remember the First-Time Home Buyer Tax Credit that was part of the Housing and Economic Recovery Act of 2008, but that is no longer available to new home buyers. However, there are local grants and programs that are available!
Here is a quick run down and contact information more specific details and questions:
1. Montgomery County First Time Homebuyers Program- established to assist low, moderate and median income households interested in buying a home in Montgomery County.
*Assistance up to a maximum of 10% of sale price (not to exceed $10,000) and 0% interest rate!
*Some of the requirements are; you must intend to occupy the home, be creditworthy & qualified for a mortgage, currently reside and/or employed in Montgomery County and complete counseling.
Call: 610-278-3540 to start the application process!
http://www.montcopa.org/442/Homebuyers-Program
2. The Pennsylvania Housing Finance Agency (PHFA) has varies programs available.
Such as;
-Keystone Advantage Assistance Loan Program which provides a 0% interest second loan up to $6,000 to assist with closing costs
- HFA Preferred Risk Sharing which offers up to 97% financing and no Mortgage Insurance (MI) option.
-HOMEstead Program is a downpayment and closing cost program
Many more options to learn about on their website: http://www.phfa.org/homebuyers/
3. Individual lenders often have their own programs. Such as;
-Gateway Mortgage Group has a 4.5% grant http://www.gatewayloan.com/purchase/products/
Contact Deb Florio- 610-996-7808 or Deb.Floris@Gatewayloan.com
-Envoy Mortgage has a DPA Program- you do not have to be first time buyer! Megan Weisheipl can help you- 215-284-6076
- and more!
This local website is super helpful too- http://www.mcpho.org. It has more information on grants, counselors, and work shops!
For other surrounding counties, contact:
Bucks- 215-598-3566
Chester- The housing partnership 610-518-1522
Delaware County- Chester Community Improvement Project 610-876-8663
Philadelphia- http://www.phila.gov/dhcd/
Having the right team of a Lender and Realtor on your side can really help make your home buying experience a success and affordable.
Any specific questions, please don't hesitate to reach out to me:
Kelly Steyn
Here is a quick run down and contact information more specific details and questions:
1. Montgomery County First Time Homebuyers Program- established to assist low, moderate and median income households interested in buying a home in Montgomery County.
*Assistance up to a maximum of 10% of sale price (not to exceed $10,000) and 0% interest rate!
*Some of the requirements are; you must intend to occupy the home, be creditworthy & qualified for a mortgage, currently reside and/or employed in Montgomery County and complete counseling.
Call: 610-278-3540 to start the application process!
http://www.montcopa.org/442/Homebuyers-Program
2. The Pennsylvania Housing Finance Agency (PHFA) has varies programs available.
Such as;
-Keystone Advantage Assistance Loan Program which provides a 0% interest second loan up to $6,000 to assist with closing costs
- HFA Preferred Risk Sharing which offers up to 97% financing and no Mortgage Insurance (MI) option.
-HOMEstead Program is a downpayment and closing cost program
Many more options to learn about on their website: http://www.phfa.org/homebuyers/
3. Individual lenders often have their own programs. Such as;
-Gateway Mortgage Group has a 4.5% grant http://www.gatewayloan.com/purchase/products/
Contact Deb Florio- 610-996-7808 or Deb.Floris@Gatewayloan.com
-Envoy Mortgage has a DPA Program- you do not have to be first time buyer! Megan Weisheipl can help you- 215-284-6076
- and more!
This local website is super helpful too- http://www.mcpho.org. It has more information on grants, counselors, and work shops!
For other surrounding counties, contact:
Bucks- 215-598-3566
Chester- The housing partnership 610-518-1522
Delaware County- Chester Community Improvement Project 610-876-8663
Philadelphia- http://www.phila.gov/dhcd/
Having the right team of a Lender and Realtor on your side can really help make your home buying experience a success and affordable.
Any specific questions, please don't hesitate to reach out to me:
Kelly Steyn
Keller Williams
No comments:
Post a Comment