State College First Time Home Buyer Program

House with a sold signThe State College First Time Home Buyer (FTHB) program provides mortgage and closing-cost assistance to both moderate and low-income families, resulting in a home that costs the same as or less than your current rent.

Qualifying homebuyers are provided with free homebuyer education and budget counseling to assist them every step of the way.

The State College Community Land Trust (SCCLT) and the Temporary Housing Foundation, Inc. (HTI) also offer home-buying opportunities in the Borough.
By "splitting" the cost of a home, the SCCLT encourages home ownership.

How much is the grant?

Downpayment and Closing-Cost Assistance - "The Centre County Housing Trust Fund will be utilized to help the home buyer with down payment and closing expenses. A maximum of $10,000 will be provided, or 10% of the purchase price (whichever is less).

Note: The loan will become due when the house is resold, refinanced for more than the original purchase price, ceases to be Borrower's full-time, permanent residence, or the mortgage is paid in full ".  Brochure