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Pennsylvania First Time Home Buyer Program
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Allegheny County First Time Home Buyer Program
You will find the details of the program below, but take a few minutes to watch a great video compliments of the Senator John Heinz History Center.
If you're at work, make sure you turn down the volume. Pretty neat
video on Pittsburgh. You can share this page/video with your family and
friends with the share button above.
Here's a great video compliments of the Heinz History Center.
Allegheny First Time Home Buyer Program RequirementsAll Allegheny County residents who meet income limits are eligible except those who reside in the City of Pittsburgh.
A minimum down payment of approximately 3.5 percent is required. Up to $5,000 in down payment and closing cost assistance is available to eligible borrowers and up to 100% of area median income. See below for more information on the Closing Cost and Down Payment Assistance Program.
Additional Requirements
Closing Cost and Down Payment AssistanceParticipants in the Allegheny County First Time Home Buyer Program may qualify for up to a maximum of $5,000 in Closing Cost and Down Payment Assistance. To be eligible, borrowers must meet all program criteria, and household income must be at or below 100% of the area median income. Current income limits are:
Additional RequirementsBorrowers must attend a HUD-approved Homebuyer Education Course and receive certification of participation in Homebuyer Education Training.
Borrowers must provide a certified copy of their tax returns for the most recent year. (Contact your lender for details.) But wait, there's more . . . If you're purchasing in the census tracts within the municipalities below, you DO NOT NEED TO BE A FIRST TIME HOME BUYER! Targeted Area Home Buyer Program: All of the First Time Home Buyer Mortgage Requirements apply EXCEPT: No First-Time Home Buyer Requirement Borrower’s Household income must meet Household Income Limits Chart (see below) Purchase Price Limit $360,250 House to be purchased must be located within one of the following census tracts: Clairton: 4923 Duquesne: 4869 Homestead: 4838 Rankin: 5140 W. Homestead: 4824 McKees Rocks: 4644 McKeesport: 5509, 5519, 5521 Targeted Area Home Buyer Mortgage ONLY Income Limit* 1 - Member Household - $75,000 2 - Member Household - $75,000 3 - Member Household - $87,500 4 - Member Household - $87,500 5 - Member Household - $87,500 Documents needed for Application * W2's, tax returns for the last 3 years * Pay stubs for the entire month prior to application * Name and address of employer(s) for the past 2 years * Name and address of landlord for the past 2 years * All open credit accounts and balances * All bank statements for the past 3 months and balances * Copy of signed sales agreement * If self employed or commissioned: previous 3 years tax returns (all schedules) and a recent Profit and Loss Statement |
Allegheny County, PA
Demographics Courtesy of Wikipedia®. You will be redirected to the Wikipedia® web site
Allegheny County, PA Aleppo Township Aspinwall Borough Avalon Borough Baldwin Borough Baldwin Township Bell Acres Borough Bellevue Borough Ben Avon Borough Ben Avon Heights Bethel Park Borough Blawnox Borough Brackenridge Borough Braddock Borough Braddock Hills Borough Bradford Woods Brentwood Borough Bridgeville Borough Carnegie Borough Castle Shannon Borough Chalfant Borough Cheswick Borough Churchill Borough Clairton Borough Collier Township Coraopolis Borough Crafton Borough Crescent Township Dormont Borough Dravosburg Borough Duquesne Borough East Deer Township East McKeesport Borough East Pittsburgh Borough Edgewood Borough Edgeworth Borough Elizabeth Borough Elizabeth Township Emsworth Borough Etna Borough Fawn Township Findlay Township Forest Hills Borough Forward Township Fox Chapel Borough Franklin Park Borough Frazer Township Glassport Borough Glenfield Borough Green Tree Borough Hampton Township Harmar Township Harrison Township Haysville Borough Heidelberg Borough Homestead Borough Indiana Township Ingram Borough Jefferson Hills Borough Kennedy Township Kilbuck Township Leet Township Leetsdale Borough Liberty Borough Lincoln Borough Marshall Township McCandless Township McDonald Borough McKees Rocks Borough McKeesport Borough Millvale Borough Monroeville Borough Moon Township Mount Oliver Borough Mt. Lebanon Borough Munhall Borough Neville Township North Braddock North Fayette Township North Versailles Township O'Hara Township Oakdale Borough Oakmont Borough Ohio Township Osborne Borough Penn Hills Borough Pennsbury Village Pine Township Pitcairn Borough Pittsburgh, City of Pleasant Hills Borough Plum Borough Port Vue Borough Rankin Borough Reserve Township Richland Township Robinson Township Ross Township Rosslyn Farms Scott Township Sewickley Borough Sewickley Heights Borough Sewickley Hills Borough Shaler Township Sharpsburg Borough South Fayette Township South Park Township South Versailles Township Springdale Borough Springdale Township Stowe Township Swissvale Borough Tarentum Borough Thornburg Borough Trafford Borough Turtle Creek Borough Upper St. Clair Borough Verona Borough Versailles Borough Wall Borough West Deer Township West Elizabeth Borough West Homestead Borough West Mifflin Borough West View Borough Whitaker Borough White Oak Borough Whitehall Borough Wilkins Township Wilkinsburg, City of Wilmerding Borough |
The calculators and information presented are made available to you as a self-help tool for illustrative use only. Examples are hypothetical. We can not and do not guarantee the applicability or accuracy in regards to your individual circumstances. I encourage you to seek personalized advice from qualified professionals. Copyright © 2012,William A. MacDonald All rights reserved | E-mail | Credits | Disclaimer | Site Map | Privacy Policy
