Washington County First Time Home Buyer Program

House with sold signThe Redevelopment Authority of Washington County has made it simpler for eligible home buyers to purchase a house in Washington County. Who couldn't use up to $4,500 to buy a house? That's correct. Individuals and families buying a single-family home in Washington County may get up to $4,500 in closing-cost assistance. Actual, reasonable, and documented closing expenses will be used to calculate the amount borrowed.

The closing-cost assistance grant is a forgiven loan with a 5-year term.
For the first five years, 20% of the aid loan is forgiven, and then the debt is canceled. Naturally, if the home is sold during the first five years, the assistance loan will be prorated.

Prospective home-buyers must qualify and be approved for a USDA (Rural Development 502 Direct Housing Program) first mortgage.

Reasonable legal fees for lawyers, credit reports, mortgage recording, termite inspections, title insurance, transfer tax, document preparation, notary, settlement/closure, and other typical mortgage and closing expenses are all eligible closing charges.

Applicants must have an annual household income that is no more than 80% of the median family income in Washington County, as determined by the Department of Housing and Urban Development, adjusted for family size. Homebuyers must commit to live in the house as their primary residence. See income limit chart

The applicant(s) must be a first-time home buyer(s), which is generally defined as someone who has not owned a house in the preceding three years.
Even if an applicant owned a house with his or her spouse or lived in a property owned by the spouse, he or she may be considered as a first-time home buyer.

Prospective home buyers must complete a HUD-approved home-buyer counseling program.

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