Get Matched With Pennsylvania Home Buying Programs.
Pennsylvania first time home buyer programs
The Keystone state offers programs to assist the first time buyer with purchasing options. There are a variety of Pennsylvania first time home buyer programs. We have created a list of assistance programs to help a new buyer locate PA home buying programs, grants, USDA, FHA
and VA
home loan assistance.
Firsttimehomebuyer.com
provides lists of local Pennsylvania home buying resources. There is also information about Federal 100% home buyer financing and grants for qualified purchasers.
Are you looking to become a home owner in the Keystone state?
There are some standard programs that every home buyer should check out before they decide to buy.
In PA, the standard programs offered are FHA, VA and USDA loans, along with conventional loans. Only certain buyers will qualify for these programs but likely you will utilize one of them. We provide a description below, so review and see if you can use one.
The Pennsylvania USDA home loan program
is available in multiple areas within Pennsylvania. This program may finance 100% of the home's purchase price.
To eligible Veterans, active military members and eligible family members the Pennsylvania VA home Loan
program may allow for 100% financing of the home purchase.
HUD (U.S. Department of Housing and Urban Development)
offers Pennsylvania FHA home loan and home buying assistance. The FHA home loan
program is a popular Pennsylvania first time home buyer program used in conjunction with home assistance buying programs.
CDBG (Community Development Block Grant) is a Federal program that grants money to states and localities to provide for community development needs. In many locations across the Country CDBG grant money is offered as an assistance program for home buying down payment and closing costs. In Pennsylvania, the Pennsylvania CDBG is offered but availability of CDBG grants for home buyer assistance may depend on locality, check to verify.
The Pennsylvania Housing Finance Authority offers affordable home buyer programs, including downpayment and closing cost assistance. In addition to the Federal program such as CDBG in PA and PA USDA there are multiple city and county based home buying programs that may help a home buyer with down payment and closing cost assistance. Each program may have specific qualifications such as Income/Debt (DTI) requirements, credit scores and resident location. It is important when utilizing these programs you make sure you are qualified for participation. Getting qualified prior to making any offer on a home is a wise decision since some programs may require a completion of a buyers course and certification prior to offer.
Local Pennsylvania home buyer incentives, grants and buying programs.
State of Pennsylvania programs
Pennsylvania first time home buyer tax credit.
The Pennsylvania Mortgage tax credit may save up to $2,000 each year for qualified buyers if they have the Mortgage Tax Credit Certificate. Please consult with a tax advisor.
