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

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Philadelphia has previously provided down-payment assistance, including a current program that offers homebuyers grants of $1,000 through a partnership with JPMorgan Chase & Co. The launch of Philly First Home will expand that assistance to up to $10,000, with $3 million coming this year from the Housing Trust Fund.

Philadelphia can and must continue to step up and do all we can to expand economic and housing opportunities to all people." Philly First Home program will provide up to $10,000 (or 6% of the purchase price, whichever is less) in assistance.

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Honorably discharged Veterans are eligible whether or not they are a first time buyer. However, a Veteran cannot have used a similar program to purchase a home in the past. Properties must be located in Dakota County. Homebuyer must occupy the home as their primary place of residence after purchase; Homebuyers must have a minimum credit score.

Home loan clients at First Interstate Bank in Montana now will be able to use the HomeNow program, which allows qualifiers to receive up to 100 percent of a down. It is not limited to first-time.

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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.

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PHILADELPHIA (CBS) – City officials announced the expansion of a program for first-time home buyers on Thursday. 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 of closing costs.

Loan Programs For First-Time Homebuyers Aurora’s Home Ownership Assistance Program (HOAP) is dedicated to making affordable housing a realization for low to moderate income families in Aurora. The loan program offers up to $10,000 in financial assistance to help qualified, first-time homebuyers cover down payment and closing costs.

First-Time Home Buyer Incentive reduces qualifying power – The First-time home buyer incentive-in which the Canada Mortgage and Housing Corporation will provide up to 10% on the purchase price of a new build and 5% on a resale-caps household income at.