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

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 · 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 participate in the city’s new $10,000 homeownership incentive program.

Philadelphia can and must continue to step up and do all we can to expand economic and housing opportunities to all people." Philly First Home program will provide up to $10,000 (or 6% of the purchase price, whichever is less) in assistance.

Philly First Home program will provide up to $10,000 (or 6% of the purchase price, whichever is less) in assistance. The recipient must: A. Be a first-time homebuyer or a buyer who has not owned a home for at least three years B. Be a resident of the City of Philadelphia for three years and must purchase a home in Philadelphia C.

A great way for first-time home buyers to jump into homeownership is with down payment and settlement assistance via grant money from their city. Though many cities have these programs, Kirsch says that Philadelphia is especially generous with the amount of money "that continues to pop up" for first-time buyers.

Aspiring homeowners in Philadelphia could soon have an opportunity to receive up to $10,000 from the city toward the purchase of a new home, officials revealed Wednesday. LATEST: Philly First Home.

The Philly First Home Program, announced by city officials and members of the Division of Housing and Community Development (DHCD) Thursday afternoon will give either $10,000 or six percent of a home’s purchase price-whichever is cheaper-to first-time home buyers, provided they meet several requirements.

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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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Philadelphia officials will announce the details of Philly First Home on Thursday. The new program will offer $10,000 or 6% to qualifying first time homebuyers.