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

The offer was announced last month alongside other credits Bank of America is providing to first-time and low. percentage of the home’s price. As a result, 3% of borrowers paid over $10,000 in.

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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.

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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.

“Just talking to different people they’d say, Make sure you have $10,000. many would-be first-time home buyers. In the crush, some may also end up leaving money on the table, unaware of the many.

Update: Housing Grant Program Announced by City. The City of Philadelphia’s Division of Housing and community development (dhcd) supports the City of Philadelphia’s Philly First Home program. This program offers a home buyer assistance grant of up to $10,000 (or 6% of the purchase price, whichever is less) to help first-time home 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.

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For the first time. for up to what their credit and income will allow. Some buyers are paying for a “pre-inspection” on a home before a deal is settled. In softer markets, an inspection is usually.

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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.

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.