First time home buyer federal grants


First time home buyer grant - really!

First time homebuyer and familyCould you use some free grant money to purchase your first home? Dumb question, I know, but now that I have your attention, you need to know about the First Front Door grant program.

The Federal Home Loan Bank of Pittsburgh offers a free down payment (or closing cost assistance grant) for qualified first time home buyer(s) in Pennsylvania, Delaware, and West Virginia. The definition of a first time homebuyer is an applicant who has not owned a home within the past three years, or owned a home only while married but not as a single person within the last three years – this includes a married couple if has not owned a home in the past three years). The Federal Home Loan Bank works with member banks to provide the grant money and first mortgage (i.e. FHA, VA, USDA, and conventional loans).

The grant assistance is a 3 to 1 match. For every dollar that you put into the purchase of the home, the Federal Home Loan Bank will grant three dollars. For example, if you pay $1,000 toward the purchase of the home, you would receive $3,000. The maximum grant is $5,000. Doing a little math, that means that if you pay $1,667, you would receive $5,000.
There is no interest and no monthly payment for the assistance grant! There is no repayment unless you sell your home within 5 years. The repayment is prorated on the year of sale. For example, if your grant was for $5,000 and the house was sold in year three, you would owe the Federal Home Loam Bank $2,000 (year four and five).

FAQ's about the First Front Door Grant Assistance Program

Do I have to be a first time homebuyer?
Yes. See above
Is there a minimum credit score with this program?
No
Is there a minimum down payment?
No
Is there an income limit?
No
What homes are eligible?

Single-family houses, townhomes, condominiums, modular units, and manufactured homes.
Can I ask the seller to pay my closing costs (seller assist) and still obtain the grant money?
Yes. The assistance grant is not decreased based on seller contribution based on the first mortgage (i.e. FHA, VA, USDA, or conventional loan).
Are there income limits?
Yes, the home buyer(s) must have an income of 80% of the county median household income (or less) for the home. The following limits are for 2017

► Pennsylvania Income Limits

Pennsylvania County1 Occupant2 Occupants3 Occupants4 Occupants5 Occupants6 Occupants7 Occupants
Adams County41,00046,85052,70058,55063,25067,95072,650
Allegheny County40,70046,50052,30058,10062,75067,40072,050
Armstrong County33,65038,45043,25048,05051,90055,75059,600
Beaver County40,70046,50052,30058,10062,75067,40072,050
Bedford County32,20036,80041,40046,00049,70053,40057,050
Berks County38,60044,10049,60055,10059,55063,95068,350
Blair County34,55039,45044,40049,30053,25057,20061,150
Bradford County33,75038,55043,35048,15052,05055,90059,750
Bucks County46,60053,25059,90066,55071,90077,20082,550
Butler County40,70046,50052,30058,10062,75067,40072,050
Cambria County33,65038,45043,25048,05051,90055,75059,600
Cameron County32,20036,80041,40046,00049,70053,40057,050
Carbon County41,10047,00052,85058,70063,40068,10072,800
Centre County42,00048,00054,00060,00064,80069,60074,400
Chester County46,60053,25059,90066,55071,90077,20082,550
Clarion County32,35036,95041,55046,15049,85053,55057,250
Clearfield County32,20036,80041,40046,00049,70053,40057,050
Clinton County33,25038,00042,75047,45051,25055,05058,850
Columbia County34,25039,15044,05048,90052,85056,75060,650
Crawford County32,20036,80041,40046,00049,70053,40057,050
Cumberland County41,85047,80053,80059,75064,55069,35074,100
Dauphin County41,85047,80053,80059,75064,55069,35074,100
Delaware County46,60053,25059,90066,55071,90077,20082,550
Elk County33,35038,10042,85047,60051,45055,25059,050
Erie County32,55037,20041,85046,50050,25053,95057,700
Fayette County40,70046,50052,30058,10062,75067,40072,050
Forest County32,20036,80041,40046,00049,70053,40057,050
Franklin County36,05041,20046,35051,45055,60059,70063,800
Fulton County33,60038,40043,20048,00051,85055,70059,550
Greene County33,35038,10042,85047,60051,45055,25059,050
Huntingdon County32,20036,80041,40046,00049,70053,40057,050
Indiana County32,20036,80041,40046,00049,70053,40057,050
Jefferson County32,20036,80041,40046,00049,70053,40057,050
Juniata County32,45037,05041,70046,30050,05053,75057,450
Lackawanna County33,35038,10042,85047,60051,45055,25059,050
Lancaster County39,85045,55051,25056,90061,50066,05070,600
Lawrence County33,55038,35043,15047,90051,75055,60059,400
Lebanon County36,60041,80047,05052,25056,45060,65064,800
Lehigh County41,10047,00052,85058,70063,40068,10072,800
Luzerne County33,35038,10042,85047,60051,45055,25059,050
Lycoming County33,90038,75043,60048,40052,30056,15060,050
McKean County32,20036,80041,40046,00049,70053,40057,050
Mercer County33,35038,10042,85047,60051,45055,25059,050
Mifflin County32,20036,80041,40046,00049,70053,40057,050
Monroe County38,30043,80049,25054,70059,10063,50067,850
Montgomery County46,60053,25059,90066,55071,90077,20082,550
Montour County37,45042,80048,15053,45057,75062,05066,300
Northampton County41,10047,00052,85058,70063,40068,10072,800
Northumberland County32,20036,80041,40046,00049,70053,40057,050
Perry County41,85047,80053,80059,75064,55069,35074,100
Philadelphia County46,60053,25059,90066,55071,90077,20082,550
Pike County39,40045,00050,65056,25060,75065,25069,750
Potter County32,20036,80041,40046,00049,70053,40057,050
Schuylkill County32,90037,60042,30046,95050,75054,50058,250
Snyder County32,20036,80041,40046,00049,70053,40057,050
Somerset County32,35036,95041,55046,15049,85053,55057,250
Sullivan County32,20036,80041,40046,00049,70053,40057,050
Susquehanna County34,75039,70044,65049,60053,60057,55061,550
Tioga County32,30036,90041,50046,10049,80053,50057,200
Union County32,45037,05041,70046,30050,05053,75057,450
Venango County32,20036,80041,40046,00049,70053,40057,050
Warren County32,45037,05041,70046,30050,05053,75057,450
Washington County40,70046,50052,30058,10062,75067,40072,050
Wayne County34,45039,40044,30049,20053,15057,10061,050
Westmoreland County40,70046,50052,30058,10062,75067,40072,050
Wyoming County33,35038,10042,85047,60051,45055,25059,050
York County39,70045,35051,00056,65061,20065,75070,250

► Delaware Income Limits

Delaware County1 Occupant2 Occupants3 Occupants4 Occupants5 Occupants6 Occupants7 Occupants
Kent County36,40041,60046,80052,00056,20060,35064,500
New Castle County46,60053,25059,90066,55071,90077,20082,550
Sussex County36,90042,20047,45052,70056,95061,15065,350

► West Virginia Income Limits

West Virginia County1 Occupant2 Occupants3 Occupants4 Occupants5 Occupants6 Occupants7 Occupants
Barbour County27,65031,60035,55039,45042,65045,80048,950
Berkeley County40,00045,70051,40057,10061,70066,25070,850
Boone County31,30035,75040,20044,65048,25051,80055,400
Braxton County27,65031,60035,55039,45042,65045,80048,950
Brooke County32,30036,90041,50046,10049,80053,50057,200
Cabell County29,35033,55037,75041,90045,30048,65052,000
Calhoun County27,65031,60035,55039,45042,65045,80048,950
Clay County30,80035,20039,60044,00047,55051,05054,600
Doddridge County27,65031,60035,55039,45042,65045,80048,950
Fayette County27,65031,60035,55039,45042,65045,80048,950
Gilmer County28,95033,10037,25041,35044,70048,00051,300
Grant County28,50032,60036,65040,70044,00047,25050,500
Greenbrier County29,35033,55037,75041,90045,30048,65052,000
Hampshire County39,35044,95050,55056,15060,65065,15069,650
Hancock County32,30036,90041,50046,10049,80053,50057,200
Hardy County27,65031,60035,55039,45042,65045,80048,950
Harrison County31,55036,05040,55045,05048,70052,30055,900
Jackson County31,50036,00040,50044,95048,55052,15055,750
Jefferson County44,95051,35057,75064,15069,30074,45079,550
Kanawha County30,80035,20039,60044,00047,55051,05054,600
Lewis County27,65031,60035,55039,45042,65045,80048,950
Lincoln County29,95034,20038,50042,75046,20049,60053,050
Logan County27,65031,60035,55039,45042,65045,80048,950
McDowell County27,65031,60035,55039,45042,65045,80048,950
Marion County31,65036,20040,70045,20048,85052,45056,050
Marshall County31,45035,95040,45044,90048,50052,10055,700
Mason County27,65031,60035,55039,45042,65045,80048,950
Mercer County27,65031,60035,55039,45042,65045,80048,950
Mineral County38,40043,90049,40054,85059,25063,65068,050
Mingo County27,65031,60035,55039,45042,65045,80048,950
Monongalia County35,95041,05046,20051,30055,45059,55063,650
Monroe County27,65031,60035,55039,45042,65045,80048,950
Morgan County38,40043,90049,40054,85059,25063,65068,050
Nicholas County28,20032,20036,25040,25043,50046,70049,950
Ohio County31,45035,95040,45044,90048,50052,10055,700
Pendleton County28,75032,85036,95041,05044,35047,65050,950
Pleasants County32,40037,00041,65046,25049,95053,65057,350
Pocahontas County27,65031,60035,55039,45042,65045,80048,950
Preston County35,95041,05046,20051,30055,45059,55063,650
Putnam County37,15042,45047,75053,05057,30061,55065,800
Raleigh County29,35033,55037,75041,90045,30048,65052,000
Randolph County28,75032,85036,95041,05044,35047,65050,950
Ritchie County28,60032,65036,75040,80044,10047,35050,600
Roane County27,65031,60035,55039,45042,65045,80048,950
Summers County27,65031,60035,55039,45042,65045,80048,950
Taylor County28,85033,00037,10041,20044,50047,80051,100
Tucker County29,65033,85038,10042,30045,70049,10052,500
Tyler County28,95033,10037,25041,35044,70048,00051,300
Upshur County27,95031,95035,95039,90043,10046,30049,500
Wayne County29,35033,55037,75041,90045,30048,65052,000
Webster County27,65031,60035,55039,45042,65045,80048,950
Wetzel County29,70033,95038,20042,40045,80049,20052,600
Wirt County30,45034,80039,15043,50047,00050,50053,950
Wood County30,45034,80039,15043,50047,00050,50053,950
Wyoming County27,65031,60035,55039,45042,65045,80048,950

Additional

Applicants are required to complete at least four hours of homeownership counseling, including the topic of predatory lending, prior to the purchase of the home.

The First Front Door program requires registration through a member bank or lender. The registration for the grant is valid for 6 months. In other words, get pre-approved and have up to 6 months to shop for a home and close.

The First Front Door program Funding will open in March and close when funds are exhausted. Don’t wait, get registered, and start looking for your home now!