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

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Buyers can also get updates-via photos and videos-as their home’s build progresses. Streamline, a Philadelphia-based real estate. home buyers, for the first time, are able to negotiate with.

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Philadelphia officials will announce the details of Philly First Home on Thursday. The new program will offer $10,000 or 6% to qualifying first time homebuyers.

It is called the Philadelphia Home Buy Now Program. With this program if you work for one of the about 30 companies that participate you can get up to $10,000 in grant money and also $2000. towards closing cost. You must be a first time home buyer and nay be limited to the areas that you can purchase in.

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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City Officials, Division of Housing and Community Development (DHCD), and community leaders announced the Philly First Home program with expanded down payment assistance of up to $10,000. "The Philly First Home program is one more tool in the City’s toolbox to help make home ownership a reality for our residents," said Mayor Jim Kenney.

The Philly First Home Program, announced by city officials and members of the Division of Housing and community development (dhcd) thursday afternoon will give either $10,000 or six percent of a home’s purchase price-whichever is cheaper-to first-time home buyers, provided they meet several requirements.

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The $15,000 down payment assistance is available to first-time homebuyers (or those who haven’t owned a home in three years) who are buying a house for less than $245,000 in those five specific.

First time buyers may also be eligible for up to $10,000 in a no interest downpayment and closing cost assistance loan through the HOMEstead Program. This assistance may be used with or without the modification program, but the property must meet HUDs Housing Quality Standards, and there are maximum income and purchase price limits depending on.

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