Philadelphia Offering Up To $10,000 For First-Time Home Buyers

 · Other Ways to Finance the Down Payment and Closing Costs. For first-time homebuyers with retirement assets, the Internal Revenue Service allows up to $10,000 to be withdrawn without early withdrawal penalties toward the purchase of a first home. Note that while there is no penalty, the amount is added to taxes.

It’s called Philly First Home. eligible city residents can get up to $10,000 in the form of a loan for a down payment or closing costs.

A workshop at LaSalle University on Saturday will give guidance to prospective first-time home buyers in Philadelphia who hope to take advantage of the city’s new $10,000 grant program.

Under the program, the Philadelphia will provide assistance up to $10,000 or six percent of the home’s purchase price – whichever is less. To qualify, homebuyers must meet the following criteria: Be a first-time homebuyer or a buyer who has not owned a home for at least three years

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Almost 50% of home sellers traded up to a larger sized and higher price home. *From a 2009 study of first-time buyers by Keller Williams Research Division On average, agent-assisted homes sold for $43,000 or 24% more than FSBOs.

Grants and Funding for First-time home buyer s in Alabama Learn More If you’re ready to buy your first home in Philadelphia, you have several first-time homebuyer programs to choose from that offer either grants or interest-free loans you can use toward purchasing costs. Local first-time homebuyer grants.

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On Wednesday January 11, 2017 The Kentucky Housing Corporation (KHC) has just announced their new Hardest Hit Fund Down payment assistance program (hhf DAP) . This program will allow qualified borrowers up to $10,000 in down payment assistance towards the purchase of a new home in the State of Kentucky.

This could be good news or bad news depending on whether you already own a house or are a prospective buyer, but a Moody. ranch listed for first time at $1.4M Owned by the same family for the last.

According to the city, the program will provide up to $10,000 in assistance. There are some qualifications: Da’Me and his wife Desmona Harris of Cobbs Creek are looking to purchase their first home.