Delaware County Homeownership First Program

The Delaware County Homeownership First Program aims to provide homeownership opportunities to first time homebuyers in Delaware County. In addition to pre- and post-purchase homeownership counseling, the program offers down payment and closing cost assistance to eligible homebuyers. The total assistance is not to exceed $5,000; this will cover up to 2 percent of the down payment of the new home, with the remaining funds put towards eligible closing costs as needed.

Eligibility Requirements
Each borrower is evaluated based upon income, credit history, and available assets, but there are certain requirements that all applicants must meet to be eligible for the Homeownership First Program.

• Applicants must be first-time homebuyers; someone who has not owned a home in the last three years.
• Borrowers are also required to pay a minimum of $1,000 toward the purchase of the home.
• They must also complete a mandatory eight hours of group homeownership counseling, and a minimum of one individual counseling session. A Certificate of Achievement for the successful completion of the homeownership counseling will be issued once the client establishes good credit and completes all items identified in their Action Plan.

Income Limits
1 person household: $39,200
2 person household: $44,800
3 person household: $50,400
4 person household: $56,000
5 person household: $60,500
6 person household: $64,950
7 person household: $69,450
8 person household: $73,900

Note: these figures were accurate at the time of publication and may no longer be current - visit the program website for updated information.

Applicants can be approved for single family, residential, owner occupied houses (detached, twin, rowhouse, townhouse or apt. condominium) which are in compliance with county housing quality standards. The maximum sale price on the home cannot exceed $218,000, and the property must fall within the county limits.

Delaware County Homeownership First Program Communities
Aston Township, Bethel Township, Brookhaven Borough, Chadds Ford Township, Chester Heights Borough, Concord Township, Edgmont Township, Marple Township, Media Borough, Middletown Township, Nether Providence Township, Newtown Township, Radnor Township, Rose Valley Borough, Springfield Township, Swarthmore Borough, Thornbury Township, Upper Chichester Township, and Upper Providence Township