5,000 Front Door Grant What is the First Front Door? The First Front Door (FFD) home-buyer program of FHL Bank Pittsburgh (Bank provides up to 5,000 per household to help first time home buyers pay for down payment and closing costs. This critical grant helps strong, worthy home-buyers achieve an American dream they may have never before thought possible. Who is eligible? To be eligible you must: Be a first-time buyer Complete home ownership counseling through a housing counseling agency Qualify for a mortgage For every $1 of contribution by home buyer, the FFD will provide $3 in grant assistance, up to a maximum of 5,000 Settlement Assistant Grant What is the Settlement Assistance Grant? The Settlement Assistance Grant provides up to $500 per household to help first-time Philadelphia home-buyers pay for closing costs. (These are the fees charged the buyer when making settlement on a house.) The grant includes free home-ownership counseling. Eligibility requirements apply. Grant recipients are not required to pay back any portion of the grant once eligible. Who is eligible? To be eligible you must: Be a first-time buyer BEFORE signing Agreement of Sale, complete home ownership counseling through an OHCD funded housing counseling agency Qualify for a mortgage How do I apply? Contact the Korean Community Development Services Center. Before you call, get the following information together so you can give it to the housing counselor: Total annual household income Source of that income (employment, SSI, DPA,etc.) Number of people in your household For more information contact the Korean Community Development Services Center at 215-276-8830 ext 20 or 215-276-3466
Posted on: Fri, 09 Aug 2013 12:58:45 +0000
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