Down Payment And Closing Cost Grants Up To $10,000 In Pennsylvania

If you’re looking to purchase your first home in Pennsylvania and don’t have enough money available to cover the traditional 20% down payment as well as closing costs, there’s no need to despair. You can get up a first time home buyer grant up to $10,000 to help with both the down payment as well as closing costs.




Pennsylvania First Time Home Buyer GrantsHomebuyers who are eligible for the HOMEstead down payment grant program may qualify for up to $10,000 in downpayment and closing cost assistance in the form of a no-interest, second mortgage loan. HOMEstead funds are forgiven at 20 percent per year over five years for all loans closed on or after January 1, 2007, meaning that this loan turns into an outright grant. The minimum loan amount is $1,000. The first mortgage is provided by PHFA at the same rate as the Keystone Home Loan program.

To be eligible for this Pennsylvania first time home buyer grant, HOMEstead borrowers must meet the minimum downpayment requirement based on whoever is insuring or guaranteeing the loan. HOMEstead funds may provide the remainder of the downpayment and the closing costs. In some instances, based upon family need, the funds may provide additional down payment grant money to make the property affordable to the buyer. this is determined on a case-by-case basis.

To find out more about this generous grant program, visit the Pennsylvania Housing Finance Agency’s page for more details, or contact them directly at:

Customer Solutions Center: 1.855.827.3466 (U Are Home)

Monday-Friday 8:00 a.m. – 9:00 p.m.
Saturday 9:00 a.m. – 5:00 p.m.

Pittsburgh Office
Pennsylvania Housing Finance Agency
2275 Swallow Hill Rd
Suite 200
Pittsburgh PA 15220

Norristown Office
Pennsylvania Housing Finance Agency
104 West Main St
Suite 3
Norristown PA 19401

Homeownership Program
Regular Monthly Payments:
Pennsylvania Housing Finance Agency
PO Box 13280
Philadelphia, Pennsylvania 19101-3280

Pennsylvania First Time Home Buyer Grants