First Time Home Buyer Grant $5000
Now Available in PA! $5000 Free Money To Buy a Home!
All first time buyers who qualify can now receive a $5000 STATE GRANT to buy a home! NOTE: Limited Funds Available. Grants are Made on a First Come, First Serve Basis. When the funds are gone, they are gone...It's EASY to qualify! Just Call Chris Hoffman at DLP Realty 610.533.4549 or complete the form below!
Do you have have a full time Job?
Do you pay your bills on time and have acceptable credit?
Are you a first time buyer, or have not owned a home in the last 3 years?
Do you have at least $1667 to put down on a home?
If you answered YES to all of these questions, Complete The Form Below!
We Will Contact You for a Free In-office Appointment to Apply!
Grant Program Details:
Qualified first-time homebuyers can use this grant toward closing costs and down payment assistance on eligible properties that are intended as the primary residence of the homebuyer. These properties include single-family homes, townhomes, condominiums and modular units. Manufactured homes may be eligible if they are permanently affixed to a site. Investment properties are not eligible for grant assistance.
Homebuyer Eligibility Requirements
Each prospective homebuyer must:
- Be a first-time homebuyer (which means you have not owned a home within the past three years, or owned a home only while married but not as a single person within the last three years – this includes a married couple if either has not owned a home in the past three years).
- To receive the full $5,000 grant, an eligible home buyer would need to contribute $1,667
- Have an income at or below 80 percent of the area median income not have assets in excess of $50,000 (excluding retirement accounts).
- Be employed full time, with an acceptable FICO credit core above 580 .
- Complete at least four hours of homeownership counseling from an approved counseling agency prior to the purchase of the home.
- NOT receive more than $250 cash back at loan closing.
- Obtain a first mortgage from The Participating lender
- Retain the home for five years from the loan closing date in order to keep the full amount of the grant. A second mortgage and note are made part of the original mortgage documentation. If the homebuyer moves or sells the home before the five-year retention period expires, a prorated portion of the grant may need to be repaid.