FIRST TIME HOME BUYER GRANTS
Philadelphia, Bucks & Montgomery Counties as well as First Front Door offer First Time Home Buyers Grants and assistance to help with down payments and closing cost to eligible buyers. This is a great opportunity. Please see below for more information. MJRE can walk you through the process from getting pre-qualified for a mortgage, checking your eligibility for the Grants, guiding you through the classes and finding you the new home of your dreams. Call us at 215-403-3333
The City of Philadelphia is offering a home buyer assistance grant of up to $10,000 (or 6% of the home’s purchase price, whichever is lower) to assist first-time homebuyers reduce the principal, cover down payment and loan closing costs.
Bucks County has the First Time Homebuyers Assistance Program that can provide up to $10,000 for closing costs and/or down payment assistance for eligible households. The amount of assistance is provided to the buyer as a no interest deferred mortgage due and repayable once the home is sold, transferred, refinanced for additional debt, or is no longer the principal residence.
Assistance up to a maximum of 10% of the estimated affordable sales price for participants, not to exceed $10,000.00. Eligible participants may receive assistance with down payment and closing costs. Participants will be required to complete a counseling package and meet with the counselor one on one to go over budget, credit, mortgage financing, and home ownership responsibilities.
First Front Door (FFD) can help qualified first-time homebuyers with closing cost and down payment. Every $1 you contribute, FFD will provide $3 in assistance, up to $5000.