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Down Payment Assistance

Central Pennsylvania down payment assistance grants are now available!

Saving for a down payment can be difficult. Let's face it, you have a lot of bills every month, so putting away something extra for a future down payment is a stretch to say the least. Your rent keeps going up, and you see home prices continue to rise as well. You know buying a home is a good investment, but it just seems out of reach.

You are not alone if you are struggling to save for a down payment. But the good news is, there is help! There are many organizations in Pennsylvania who help home owners with down payment assistance and grants, and there are even 100% financing programs still available such as USDA and VA loans. You can become a home owner right now and start building equity for your future!

So how do down payment grants work?

Cumberland County Affordable Housing Trust Fund

Cumberland County Affordable Housing Trust Fund offers grants that are available to first time home buyers in Cumberland County. There is a $3000 and $5000 grant available, depending on the home buyer’s income. This is a matching grant, typically a $1 contribution for every $3 of grant funds. This is a forgivable loan over 60 months.

Dauphin County First-Time Home Buyers Second or Subordinated Mortgage Program

The Dauphin County offers a closing cost assistance loan that is available for first time home buyers in Dauphin County. There is a $3000 loan available, depending on the home buyer’s income. This is a matching grant, typically a $1 contribution for every $3 of grant funds. There is a maximum house price of $164,900 and the loan will be repaid back to the county when the house is sold.

Veteran Home Buyers Grant

The Veteran Home Buyer Grant program offers grants for down payment, and closing costs to first time home buyers of modest means who valiantly work to protect our country’s national security.

The amount of the grant is determined by a 2-to-1 match of the borrower’s contributions to their mortgage in earnest money deposit and cash brought to closing with a maximum grant of $5000. The borrower must contribute a minimum of $500. The Veteran must also put down 3%.

Grant or loan?

The Veteran Home Buyers Grant are truly that - a grant. It does not have to be repaid, ever. Cumberland County Affordable Housing Trust Fund is a forgivable grant that is forgiven over 60 months.

Dauphin County First-Time Home Buyers Second or Subordinated Mortgage Program is a loan that will be repaid when you sell the house, regardless if the sale of the home does not cover the original principal amount of the loan.

How much does it cost?

There are no charges for applying for the down payment assistance programs.

What other requirements are there?

You must take a qualified home buyer education course. There are both online and in-person options. Contact us for information where you can take the course.

How do I find out more information?

For more information on the down payment assistance programs, call Team Rebecca at 717-609-4044 today!

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