Homebuyer Assistance
The City of Philadelphia wants you to be a successful homeowner!
We are offering a homebuyer assistance grant of up to $10,000 (or 6% of the home’s purchase price, whichever is lower) to assist first-time homebuyers reduce the principal, cover down payment and loan closing costs.
To be eligible you must complete a FREE City-funded homeownership counseling program before you sign an Agreement of Sale. Homeownership counseling successfully prepares borrowers for this big life decision. In homeownership counseling, you will learn about:
- Purchasing a home within your budget
- Avoiding dangerous mortgages
- Rights and responsibilities of homeowners
- Mortgage application/purchase processes
- Improving credit, credit repair and credit maintenance
- Money management
- Home maintenance
- Avoiding foreclosure
- Deeds and other legal housing documents
What type of property is eligible?
The property must be a single-family home or duplex located in Philadelphia (no condominiums).
Who is eligible?
- You must be a first-time buyer or have not owned a home in the past three years.
- You must complete one-on-one homeownership counseling through a City-funded housing counseling agency before signing an Agreement of Sale.
- Agreement of sale must be signed by homebuyer and seller on or after May 2nd, 2022.
- You must be income eligible (see chart).
- Note: If you are using more than one homebuyer grant opportunity, please confirm with your housing counselor that all grants are compatible with the Philly First Home program.
To learn about the Philly First Home Application Process, click here.
Income Guidelines
Income is calculated using grossincome for all members of the family who will live in the home.
| Family Size | Maximum Annual Household Income |
|---|---|
| 1 | $80,300 |
| 2 | $91,800 |
| 3 | $103,250 |
| 4 | $114,700 |
| 5 | $123,900 |
| 6 | $133,100 |
| 7 | $142,250 |
| 8 | $151,450 |
| More than 8 add per person | $9,150 |
Download the Philly First Home Flyers:
- Philly-First-Home-flyer-English
- Philly-First-Home-flyer-Spanish
- Philly-First-Home-Simplified-Chinese
For additional housing information, visit www.phila.gov/dhcd or call 215-686-9749.