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 2016

► Pennsylvania Income Limits

PA COUNTY 1 Occupant 2 Occupants 3 Occupants 4 Occupants 5 Occupants 6 Occupants
Adams County 38,400 43,850 49,350 54,800 59,200 63,600
Allegheny County 39,900 45,600 51,300 56,950 61,550 66,100
Armstrong County 31,500 36,000 40,500 44,950 48,550 52,150
Beaver County 39,900 45,600 51,300 56,950 61,550 66,100
Bedford County 31,500 36,000 40,500 44,950 48,550 52,150
Berks County 39,700 45,400 51,050 56,700 61,250 65,800
Blair County 32,300 36,900 41,500 46,100 49,800 53,500
Bradford County 32,350 36,950 41,550 46,150 49,850 53,550
Bucks County 45,000 51,400 57,850 64,250 69,400 74,550
Butler County 39,900 45,600 51,300 56,950 61,550 66,100
Cambria County 31,500 36,000 40,500 44,950 48,550 52,150
Cameron County 31,500 36,000 40,500 44,950 48,550 52,150
Carbon County 38,600 44,100 49,600 55,100 59,550 63,950
Centre County 41,250 47,150 53,050 58,900 63,650 68,350
Chester County 45,000 51,400 57,850 64,250 69,400 74,550
Clarion County 31,600 36,100 40,600 45,100 48,750 52,350
Clearfield County 31,500 36,000 40,500 44,950 48,550 52,150
Clinton County 32,100 36,700 41,300 45,850 49,550 53,200
Columbia County 33,400 38,200 42,950 47,700 51,550 55,350
Crawford County 31,650 36,200 40,700 45,200 48,850 52,450
Cumberland County 40,600 46,400 52,200 58,000 62,650 67,300
Dauphin County 40,600 46,400 52,200 58,000 62,650 67,300
Delaware County 45,000 51,400 57,850 64,250 69,400 74,550
Elk County 31,850 36,400 40,950 45,450 49,100 52,750
Erie County 32,450 37,050 41,700 46,300 50,050 53,750
Fayette County 39,900 45,600 51,300 56,950 61,550 66,100
Forest County 31,500 36,000 40,500 44,950 48,550 52,150
Franklin County 37,850 43,250 48,650 54,050 58,400 62,700
Fulton County 32,400 37,000 41,650 46,250 49,950 53,650
Greene County 32,050 36,600 41,200 45,750 49,450 53,100
Huntingdon County 31,600 36,100 40,600 45,100 48,750 52,350
Indiana County 32,550 37,200 41,850 46,500 50,250 53,950
Jefferson County 31,500 36,000 40,500 44,950 48,550 52,150
Juniata County 31,500 36,000 40,500 44,950 48,550 52,150
Lackawanna County 33,850 38,650 43,500 48,300 52,200 56,050
Lancaster County 38,850 44,400 49,950 55,450 59,900 64,350
Lawrence County 32,450 37,050 41,700 46,300 50,050 53,750
Lebanon County 36,550 41,750 46,950 52,150 56,350 60,500
Lehigh County 38,600 44,100 49,600 55,100 59,550 63,950
Luzerne County 33,850 38,650 43,500 48,300 52,200 56,050
Lycoming County 32,550 37,200 41,850 46,500 50,250 53,950
McKean County 31,500 36,000 40,500 44,950 48,550 52,150
Mercer County 32,700 37,400 42,050 46,700 50,450 54,200
Mifflin County 31,500 36,000 40,500 44,950 48,550 52,150
Monroe County 35,850 41,000 46,100 51,200 55,300 59,400
Montgomery County 45,000 51,400 57,850 64,250 69,400 74,550
Montour County 35,800 40,900 46,000 51,100 55,200 59,300
Northampton County 38,600 44,100 49,600 55,100 59,550 63,950
Northumberland County 31,500 36,000 40,500 44,950 48,550 52,150
Perry County 40,600 46,400 52,200 58,000 62,650 67,300
Philadelphia County 45,000 51,400 57,850 64,250 69,400 74,550
Pike County 39,500 45,150 50,800 56,400 60,950 65,450
Potter County 31,500 36,000 40,500 44,950 48,550 52,150
Schuylkill County 32,900 37,600 42,300 46,950 50,750 54,500
Snyder County 31,500 36,000 40,500 44,950 48,550 52,150
Somerset County 32,050 36,600 41,200 45,750 49,450 53,100
Sullivan County 31,500 36,000 40,500 44,950 48,550 52,150
Susquehanna County 33,150 37,850 42,600 47,300 51,100 54,900
Tioga County 31,500 36,000 40,500 44,950 48,550 52,150
Union County 32,050 36,600 41,200 45,750 49,450 53,100
Venango County 31,500 36,000 40,500 44,950 48,550 52,150
Warren County 32,450 37,050 41,700 46,300 50,050 53,750
Washington County 39,900 45,600 51,300 56,950 61,550 66,100
Wayne County 33,900 38,750 43,600 48,400 52,300 56,150
Westmoreland County 39,900 45,600 51,300 56,950 61,550 66,100
Wyoming County 33,850 38,650 43,500 48,300 52,200 56,050
York County 39,400 45,000 50,650 56,250 60,750 65,250

► Delaware Income Limits

DE COUNTY1 Occupant2 Occupants3 Occupants4 Occupants5 Occupants6 Occupants
Kent County352504025045300503005435058350
New Castle County450005140057850642506940074550
Sussex County346503960044550494505345057400

► West Virginia Income Limits

WV COUNTY NAME 1 Occupant 2 Occupants 3 Occupants 4 Occupants 5 Occupants 6 Occupants
Barbour County 27,100 30,950 34,800 38,650 41,750 44,850
Berkeley County 40,400 46,200 51,950 57,700 62,350 66,950
Boone County 31,200 35,650 40,100 44,550 48,150 51,700
Braxton County 27,100 30,950 34,800 38,650 41,750 44,850
Brooke County 31,050 35,450 39,900 44,300 47,850 51,400
Cabell County 30,700 35,100 39,500 43,850 47,400 50,900
Calhoun County 27,100 30,950 34,800 38,650 41,750 44,850
Clay County 32,400 37,000 41,650 46,250 49,950 53,650
Doddridge County 27,100 30,950 34,800 38,650 41,750 44,850
Fayette County 27,100 30,950 34,800 38,650 41,750 44,850
Gilmer County 28,700 32,800 36,900 40,950 44,250 47,550
Grant County 29,700 33,950 38,200 42,400 45,800 49,200
Greenbrier County 27,900 31,900 35,900 39,850 43,050 46,250
Hampshire County 41,350 47,250 53,150 59,050 63,800 68,500
Hancock County 31,050 35,450 39,900 44,300 47,850 51,400
Hardy County 27,100 30,950 34,800 38,650 41,750 44,850
Harrison County 31,600 36,100 40,600 45,100 48,750 52,350
Jackson County 30,700 35,100 39,500 43,850 47,400 50,900
Jefferson County 44,550 50,900 57,250 63,600 68,700 73,800
Kanawha County 32,400 37,000 41,650 46,250 49,950 53,650
Lewis County 27,100 30,950 34,800 38,650 41,750 44,850
Lincoln County 31,500 36,000 40,500 44,950 48,550 52,150
Logan County 27,450 31,400 35,300 39,200 42,350 45,500
McDowell County 27,100 30,950 34,800 38,650 41,750 44,850
Marion County 30,950 35,350 39,750 44,150 47,700 51,250
Marshall County 31,750 36,300 40,850 45,350 49,000 52,650
Mason County 27,100 30,950 34,800 38,650 41,750 44,850
Mercer County 27,100 30,950 34,800 38,650 41,750 44,850
Mineral County 40,400 46,200 51,950 57,700 62,350 66,950
Mingo County 27,650 31,600 35,550 39,450 42,650 45,800
Monongalia County 36,200 41,400 46,550 51,700 55,850 60,000
Monroe County 27,100 30,950 34,800 38,650 41,750 44,850
Morgan County 40,400 46,200 51,950 57,700 62,350 66,950
Nicholas County 27,750 31,700 35,650 39,600 42,800 45,950
Ohio County 31,750 36,300 40,850 45,350 49,000 52,650
Pendleton County 27,800 31,800 35,750 39,700 42,900 46,100
Pleasants County 31,450 35,950 40,450 44,900 48,500 52,100
Pocahontas County 27,100 30,950 34,800 38,650 41,750 44,850
Preston County 36,200 41,400 46,550 51,700 55,850 60,000
Putnam County 34,750 39,700 44,650 49,600 53,600 57,550
Raleigh County 29,150 33,300 37,450 41,600 44,950 48,300
Randolph County 27,950 31,950 35,950 39,900 43,100 46,300
Ritchie County 27,100 30,950 34,800 38,650 41,750 44,850
Roane County 27,100 30,950 34,800 38,650 41,750 44,850
Summers County 27,100 30,950 34,800 38,650 41,750 44,850
Taylor County 28,100 32,100 36,100 40,100 43,350 46,550
Tucker County 28,600 32,650 36,750 40,800 44,100 47,350
Tyler County 27,400 31,300 35,200 39,100 42,250 45,400
Upshur County 28,650 32,750 36,850 40,900 44,200 47,450
Wayne County 30,700 35,100 39,500 43,850 47,400 50,900
Webster County 27,100 30,950 34,800 38,650 41,750 44,850
Wetzel County 29,300 33,500 37,700 41,850 45,200 48,550
Wirt County 28,500 32,600 36,650 40,700 44,000 47,250
Wood County 28,500 32,600 36,650 40,700 44,000 47,250
Wyoming County 27,400 31,300 35,200 39,100 42,250 45,400

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!