GetBuyerHomeInfo.com

This is an excellent way to buy a home for qualified buyers. There are some rules and restrictions on who may take advantage of this program. Here is some of the highlights:

1. Income limits: $68,800 total annual household income.
2. You do not need to be a first time buyer but you can not own any other real     estate at the time of closing. So you could sell your present home and by a new one on the same day.
3. You must have GOOD credit.

Please contact the administrator of the program, GMAC Mortgage, at 1-800-553-4622 ext 3254 or 215-682-3254 for all the details.

Please Click Here if you wish to get Pre-Approved for this program online.

PHFA Closing Costs Assistance - up to $2000

This is an interest free, payment free 2nd mortgage that is NOT forgiven but is only paid when you transfer ownership of the home, refinance or move out of the home.

These funds are only given in connection with the PHFA Keystone Plus Home Loan. The good thing about this loan is that it carries a super low 30 yr fixed rate.

Qualifications:    You must be a First Time buyer or have not owned a property in the last 3 yrs. You must either have a qualifying dependent or be disabled. Your credit must be acceptable for the type of financing you apply for.
                           
If you are buying in Bucks, Chester, Delaware or Montgomery counties:

                               Your total annual household income cannot
                                exceed $51,000 for a family of 2 or $59,000 for a
                                family of 3 or more.
                          
                                      Sales Price cannot exceed $140,000 for an
                               existing home or $180,000 for new construction.

If you are buying in Philadelphia;

                                Your total annual household income cannot
                                exceed $60,000 for a family of 2 or $71,000 for a
                                family of 3 or more.
                           
                                Sales Price cannot exceed $150,000 for an
                                existing home or $190,000 for new construction.
                            
                                For all loans, you must meet the basic eligibility
                                requirements for the loan type for which you are
                                applying.

                                This loan can be FHA, Conventional or VA.
                                Minimum down payment is 2.25% for FHA,
                                3% for Conventional or 0% for VA.

PHFA does not lend the money directly but works through authorized lenders such as GMAC Mortgage. If you would like more information on this program or would like a FREE, no obligation Pre-Approval, please call 1-800-553-4622 ext 3254 or 215-682-3254.

Click Here if you would like to apply online.

1. You must be a first time buyer.
2. You can not sign a sales agreement until you have met with one of the counselors.
3. You annual income can not exceed the following income limits for your family size:       
                             1    -    $38,550               5   -   $59,550
                             2    -    $44,050               6   -   $63,850
                             3    -    $49,550               7   -   $68,250
                             4     -   $55,050               8   -   $72,650

http://www.phila.gov/OHCD/