Clinton County: First Time Home Buyer Program
Clinton
County offers closing-cost assistance of up to $2,500 to qualified
home purchasers buying their first property in the county.
The assistance grant is a zero-percentage-point deferred loan.
A lien will be put on the property, which will be repaid when the
house is abandoned or sold.
There is no annual forgiveness.
The property must be occupied as the buyer's primary residence, and it must be situated in Clinton County. Seasonal residences are ineligible.
The house must be a single-family dwelling that complies with the
County's municipal zoning law.
A first-time home buyer is a household that has not owned a home in
the previous three years.
Prospective home purchasers must satisfy the Clinton County family
income restrictions (all inhabitants over the age of 18).
Maximum sales price
The maximum sales price for the program is $132,000
Home-buyer education
No home-buyer classes are required
Asset limitation
Clinton County does not limit available cash reserves.
Required documents
Applicants are required to provide 3 three most recent pay stubs and
last year's income tax return.
Lenders may not use the assistance loan in the qualifying process.
Applicants must be approved by a bank or mortgage lender for a first
mortgage.
Credit counseling & First Time Home Buyer Classes in Clinton County PA