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State College First Time Home Buyer Program

Nice house with sold signThe State College First Time Home Buyer (FTHB) program offers mortgage and closing cost assistance to both moderate and lower income families; this typically translates into a home at a monthly cost equal to or lower than your current rent. 

Qualifying homebuyers are offered free homebuyer education and budget counseling to help them every step of the way. 

The State College Community Land Trust (SCCLT) and Temporary Housing Foundation, Inc. (HTI) also provide opportunities for homebuyers to purchase a home in the Borough. The SCCLT encourages home ownership by "splitting" the cost of a home. 

How much is the grant?

Down Payment and Closing Costs Assistance - "The Centre County Housing Trust Fund will be used to assist the home buyer with down payment and closing costs assistance. A maximum of $10,000, or 10% of the purchase price (whichever is less), will be provided. Note: The loan will be made payable when the house is resold, refinanced for more than the original purchase price, ceases to be a full-time, permanent residence of Borrower, or when the mortgage has been paid in full". Brochure