Delaware County Homeownership First Program
Financial Assistance for Homebuyers in Pennsylvania
Each borrower is evaluated based upon income, credit history, and available assets, but there are certain requirements that all applicants must meet to be eligible for the Homeownership First Program.
- Applicants must be first-time homebuyers; someone who has not owned a home in the last three years.
- Borrowers are also required to pay a minimum of $1,000 toward the purchase of the home.
- They must also complete a mandatory eight hours of group homeownership counseling, and a minimum of one individual counseling session. A Certificate of Achievement for the successful completion of the homeownership counseling will be issued once the client establishes good credit and completes all items identified in their Action Plan.
1 person household: $39,200
2 person household: $44,800
3 person household: $50,400
4 person household: $56,000
5 person household: $60,500
6 person household: $64,950
7 person household: $69,450
8 person household: $73,900
Note: these figures were accurate at the time of publication and may no longer be current - visit the program website for updated information.
Applicants can be approved for single family, residential, owner occupied houses (detached, twin, rowhouse, townhouse or apt. condominium) which are in compliance with county housing quality standards. The maximum sale price on the home cannot exceed $218,000, and the property must fall within the county limits.
Delaware County Homeownership First Program Communities
Aston Township, Bethel Township, Brookhaven Borough, Chadds Ford Township, Chester Heights Borough, Concord Township, Edgmont Township, Marple Township, Media Borough, Middletown Township, Nether Providence Township, Newtown Township, Radnor Township, Rose Valley Borough, Springfield Township, Swarthmore Borough, Thornbury Township, Upper Chichester Township, and Upper Providence Township
Down payment assistance programs and/or grants were researched by the team at FHA.com. Please note that all programs listed on this website may involve a second mortgage with payments that are forgiven, deferred, or subsidized in some manner until resale of the mortgaged property.
FHA.com's compilation is not a complete list, but it can serve as a starting point in your search for the down payment assistance program or grant for your situation. It is up to the consumer to contact these entities and find out the specifics of each program.
Down Payment Grants in Pennsylvania
The First Time Buyer Program allows for a down payment and closing cost assistance grant if an applicant’s income is at or below 80% of the area’s median income.
The Housing Partnership of Chester County (HPCC) offers low-moderate income individuals and families the First Time Home Buyer Program to assist them in buying a new home within Chester County.
The Cumberland County Affordable Housing Trust Fund First-Time Homebuyer’s Down Payment and Closing Cost Assistance Program provides up to $5,000 in assistance to qualified first-time homebuyers.
The Delaware County Homeownership First Program offers down payment and closing cost assistance to eligible homebuyers. The total assistance is not to exceed $5,000; this will cover up to 2 percent of the down payment of the new home.
The Pennsylvania Housing Finance Agency (PHFA) offers eligible homebuyers assistance in meeting the upfront costs of homeownership through different programs, one of which is the HOMEstead Downpayment and Closing Cost Assistance Loan.
The Pennsylvania Housing Finance Agency (PHFA) offers eligible homebuyers assistance in meeting the upfront costs of homeownership through different programs, one of which is the Keystone Advantage Assistance Loan Program.
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