Philadelphia Offering Up To $10,000 For First-Time Home Buyers

According to the city, the program will provide up to $10,000 in assistance. There are some qualifications: Da’Me and his wife Desmona Harris of Cobbs Creek are looking to purchase their first home.

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A great way for first-time home buyers to jump into homeownership is with down payment and settlement assistance via grant money from their city. Though many cities have these programs, Kirsch says that Philadelphia is especially generous with the amount of money "that continues to pop up" for first-time buyers.

As part of the Department of Planning and Development, the Division of Housing and Community Development (DHCD) funds programs that help Philadelphia offer:. Homes for people at all income levels. Commercial corridors with thriving businesses.; healthy neighborhoods. The programs we support help people buy their first homes or repair the one they’re in.

On Wednesday January 11, 2017 The Kentucky Housing Corporation (KHC) has just announced their new Hardest Hit Fund Down Payment Assistance Program (HHF DAP) . This program will allow qualified borrowers up to $10,000 in down payment assistance towards the purchase of a new home in the State of Kentucky.

[Read: The Guide for First-Time Homebuyers. on the house, adds up to more than the sale price, the deal can get tricky. If you owe $300,000 on your mortgage (or mortgages) and have a tax lien for.

It’s called Philly First Home. Eligible city residents can get up to $10,000 in the form of a loan for a down payment or closing costs.

This means if you want to buy a $200,000 house, for example, closing costs could tack on an extra $10,000 in addition to a 10 or 20 percent downpayment. (There are loans available for first-time homebuyers that could bring your downpayment down to as little as 3 percent.) That’s why a mortgage lender can do all.

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Purchasing your first home in Maryland is an exciting prospect, but it can also be an expensive one. You need your down payment, closing costs, and other fees associated with the house buying process. You don’t need to foot these costs all by yourself – first time home buyer Maryland programs provide incentives, programs, and grants to help get you into a home.