First Time Homebuyers Education
Available Assistance
ACTION-Housing believes that homeownership education is the single most effective tool for achieving successful homeownership. Informed homebuyers are successful homeowners. With the First Time Homebuyers Education program, ACTION-Housing now offers two options for education, free personal counseling sessions, and a new online option.
The first time home buyers program assists potential homeowners in the home buying process through credit repair, education, and document review. The housing adviser will walk first-time homebuyers through the steps to buying a house, how to buy a house with bad credit, and how to pre-qualify for a mortgage. Borrowers who complete counseling are 40% more likely to avoid 60-day delinquency than equivalent borrowers who do not participate in counseling. A credit report is reviewed and an action plan is developed, credit repair issues are addressed, and a savings plan is developed. Once an applicant is ready to buy a house, the housing adviser acts as a neutral third party who can help review the mortgage documents in preparation for closing on a loan.
Note: All information mentioned above was accurate at the time of publication and may no longer be current - visit the program website for updated information.
First-Time Homebuyer Programs in Pennsylvania
Upper Darby Township First Time Homebuyer Program
Funded by Community Development Block Grant Funds, Upper Darby Township offers a First Time Homebuyer Program to help potential borrowers purchase their first home.
Washington County Homebuyer Assistance Program
The Redevelopment Authority of the County of Washington has introduced the Homebuyer Assistance Program to help potential, first-time homebuyers by providing financial assistance for the purchase and rehabilitation of eligible housing units.
First Time Homebuyers Education
ACTION-Housing is a HUD-approved counseling agency that understands the gravity of buying a home, and the added stress when buying a first home.
Montgomery County First Time Homebuyers Program
The Montgomery County First Time Homebuyers Program helps low-, moderate-, and median-income families buy their first home in Montgomery County.
First-time homebuyer assistance programs and/or grants were researched by the team at FHA.com. Please note that all programs listed on this website may involve a second mortgage with payments that are forgiven, deferred, or subsidized in some manner until resale of the mortgaged property.
FHA.com's compilation is not a complete list, but it can serve as a starting point in your search for the down payment assistance program or grant for your situation. It is up to the consumer to contact these entities and find out the specifics of each program.
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