The City of Philadelphia wants you to be a successful homeowner!

We are offering a homebuyer assistance grant of up to $10,000 (or 6% of the home’s purchase price, whichever is lower) to assist first-time homebuyers reduce the principal, cover down payment and loan closing costs.

To be eligible you must complete a FREE City-funded homeownership counseling program before you sign an Agreement of  Sale.  Homeownership counseling successfully prepares borrowers for this big life decision. In homeownership counseling, you will learn about:

  • Purchasing a home within your budget
  • Avoiding dangerous mortgages
  • Rights and responsibilities of homeowners
  • Mortgage application/purchase processes
  • Improving credit, credit repair and maintenance
  • Money management
  • Home maintenance
  • Avoiding foreclosure
  • Deeds and other legal housing documents

What type of property is eligible?

The property must be a single-family home or duplex located in Philadelphia (no condominiums).

 

Who is eligible?

  • You must be a first-time buyer
  • You must complete one-on-one homeownership counseling through a City-funded housing counseling agency before signing an Agreement of Sale.
  • You must be income eligible (see chart below).

Income Guidelines

Household SizeMaximum Annual Household Income
1$75,720
2$86,520
3$97,320
4$108,120
5$116,880
6$125,520
7$134,160
8$142,800

(Income guidelines subject to change)
This program and grant is restricted to households at or below 120% of AMI.

For additional housing information, visit www.phila.gov/dhcd  or call 215-686-9749.