First-time Homebuyer

Settlement Assistance Grant

Provides up to $500* per household to help first-time Philadelphia homebuyers pay for closing costs. Includes free homeownership counseling.

Note: The grant cannot be used toward a down payment or other home-buying expenses.

Eligibility requirements apply.

What type of property is eligible?

The property must be a single-family home or duplex located in Philadelphia.

Who is eligible?

  • You must be a first-time buyer**.
  • You must plan to live in the home as your primary residence***.
  • You must complete homeownership counseling through an DHCD-funded housing counseling agency before signing an Agreement of Sale.
  • You must be income eligible.
Income Guidelines
Household Size Maximum Annual Household Income
1 $45,000
2 $51,400
3 $57,850
4 $64,250
5 $69,400
6 $74,550
7 $79,700
8 $84,850

For households larger than eight, add $5,150 for each member. 

(Income guidelines subject to change)

Why is homeownership counseling required?

Buying a home is a big investment. Counseling teaches you:

  • How to purchase within your means
  • How to avoid dangerous mortgages
  • The rights and responsibilities of homeowners
  • The mortgage application/purchase process
  • Credit repair and maintenance
  • Money management
  • Home maintenance
  • Mortgage default prevention

How do I apply?

Contact one of the DHCD-funded housing counseling agencies. Before you call, get the following information together so you can give it to the housing counselor:

  • Amount of total annual household income
  • Source of that income (employment, SSI, DPA, etc.)
  • Number of people in your household

* Grants will be provided as long as funding is available.

** The definition of first-time homebuyer varies by program. In some cases, a first-time homebuyer may have previously owned a home. Contact a housing counseling agency for more information.

*** This grant does not have to be repaid and there is no lien requirements attached to the grant. There are no restrictions on the length of time the buyer must remain in the house. 

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