Thinking of buying a home in Chester County? If so, you're in luck, Chester County has a terrific program for first time home buyers; possibly the best closing cost assistance program in the state. The maximum loan of $10,000 for purchase of a home in a Chester County township and $12,500 for purchase of a home in the City of Coatesville or in a Chester County borough.

The loan is repaid when the home is sold, transferred or refinanced. The loan amount is based on financial needs of applicant. And here’s the best part, zero percent (0%) interest rate!

The closing cost assistance can be "coupled" with most loans (i.e. FHA, USDA, Fannie Mae), including a Pennsylvania Housing Finance Agency home loan (PHFA). It's possible to purchase a home in Chester County for only $1,000!

One member would be a single home buyer, 2 members, husband and wife, 2 partners, 3 members, parents with one child, etc.

At least $1,000 towards the purchase of the home plus 2 mortgage payments in the bank.
•    Maximum allowable down payment 20% (Minimum LTV
80%);
•    Liquid assets of borrower after closing cannot exceed
$10,000.

Eligible Properties must:
•    Be existing or newly constructed single family residences within
Chester County;
•    Be detached, semi-detached, attached, or condominiums;
•    Meet HUD housing quality and lead-based paint standards;
•    Have a sales price that does not exceed FHA limits, adjusted
annually per FHA.

Meet with a Housing Partnership of Chester County councilor, PRIOR to signing a sales contract. You are required to have a one on one counseling session and participate in two workshops. Once again, these counseling sessions must be completed PRIOR to buying a home!

Complete the application below and contact Housing Partnership of Chester County for more information

Interesting facts about Chester County, PA courtesy of Wikipedia®.

As of 2010, the population was 498,886. It is the highest-income county in Pennsylvania and 24th highest in the nation as measured by median household income (as of 2010).

The median income for a household in the county was $65,295, and the median income for a family was $76,916
Learn more about the boroughs, cities and townships in Chester County. You will be redirected to the Wikipedia® web site

Chester County
Atglen
Avondale
Birmingham Township
Caln Township
Charlestown Township
Coatesville
Downingtown
East Bradford Township
East Brandywine Township
East Caln Township
East Coventry Township
East Fallowfield Township
East Goshen Township
East Marlborough Township
East Nantmeal Township
East Nottingham Township
East Pikeland Township
East Vincent Township
East Whiteland Township
Easttown Township
Elk Township
Elverson
Franklin Township
Highland Township
Honey Brook
Honey Brook Township
Kennett Square
Kennett Township
London Britain Township
London Grove Township
Londonderry Township
Lower Oxford Township
Malvern
Modena
New Garden Township
New London Township
Newlin Township
North Coventry Township
Oxford
Parkesburg
Penn Township
Pennsbury Township
Phoenixville
Pocopson Township
Sadsbury Township
Schuylkill Township
South Coatesville
South Coventry Township
Spring City
Thornbury Township
Tredyffrin Township
Upper Oxford Township
Upper Uwchlan Township
Uwchlan Township
Valley Township
Wallace Township
Warwick Township
West Bradford Township
West Brandywine Township
West Caln Township
West Chester
West Fallowfield Township
West Goshen Township
West Grove
West Marlborough Township
West Nantmeal Township
West Nottingham Township
West Pikeland Township
West Sadsbury Township
West Vincent Township
West Whiteland Township
Westtown Township
Willistown Township