Home buyer grants provide financial assistance for people who meet certain qualifications.
The Black Brilliance Homeownership Team powered by E-Mortgage Capital is dedicated toward assisting individuals and families in minority communities who have become frustrated with paying rent.
Our trusted resources are here to help you “Fire Your Landlord.”
However, the home-buying education and affiliations that we maintain only help folks who take action.
The grant program(s) shown below offers real money and impactful opportunities that you can take advantage of today!
Philly First Home
The City of Philadelphia offers a grant for up to $10,000 or 6% of the home’s sales price (whichever’s lower) for home buyers needing assistance toward a down payment, closing costs or to lower the principal loan balance.
Eligibility is based on:
- First-time home buyer
- Household income
- Home-buyer counseling
- Property type
This program is designed to boost homeownership within Philadelphia for first-time home buyers or for previous buyers who have not owned a home for the past 3 years.
The income guidelines are determined according to family size.
For instance, a single person cannot earn more than $80,100, while a household with 4 people cannot earn more than $114,400.
Prior to signing an Agreement of Sale, you must complete a homeownership counseling program.
The program covers topics, such as money management, credit guidance and ways to avoid foreclosure.
Property must be a single-family residence or a duplex that’s located in Philadelphia (Condominiums are not eligible).
Start your home-buying journey today!
The Black Brilliance Homeownership Team is here to assist you.
Visit our Mortgage Pre-Approval Center for more details.
