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CLOSING COST CALCULATOR

Closing cost calculator








Montour County First Time Home Buyer Program

Nice house with sold signWhy rent, when the Monroe County offers down payment and closing cost assistance to first time home buyers? The assistance loan is a second mortgage up to a maximum of $5,000 or 10% of the purchase price, (whichever is less). And here's the best part, NO monthly payments are required for the assistance loan, and NO interest is charged while you occupy the home. Repayment of the second mortgage is only required when the homeowner(s) refinances the home, no longer lives in the house, or transfers the title.

Eligibility Guidelines:

Check markYou must be a first-time homebuyer. All borrowers may not have owned a home within the last 3 years. The borrowers and co-borrowers may not have an ownership interest in any other real estate or business other than a business that is their primary source of income.

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

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

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

Check markProspective home buyers are required to successfully complete home ownership counseling.

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