Montour County First Time Home Buyer Program

House with a sold signWhy rent when Monroe County provides first-time homebuyers down payment and closing-cost assistance? The assistance loan is a second mortgage of up to $5,000 or 10% of the purchase price (whichever is less). The greatest aspect is that there are no monthly payments needed for the assistance loan, and no interest is paid while you live in the house. Repayment of the second mortgage is due only when the homeowner(s) refinances the home, moves out, or transfers the title.

Eligibility Guidelines:

You must be a first-time buyer of a home. All borrowers may not have owned a house in the previous three years. Borrowers and co-borrowers may not possess any other real estate or company other than the one that provides their main source of income.

Your total household annual income should be less than 100% of the Monroe County median income (adjusted annually)

You must reside in Monroe County for one full year prior to application, or have qualified current or potential employment.

You are required to be a U.S. Citizen or Resident alien.

Prospective home-buyers are required to successfully complete home ownership counseling.

Credit counseling & First Time Home Buyer Classes in Montour County PA