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 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 $48,950
2 $55,950
3 $62,950
4 $69,900
5 $75,500
6 $81,100
7 $86,700
8 $92,300

For households larger than eight, add $5,560 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

Other First-Time Homebuyer Program

Pennsylvania Housing Finance Agency (PHFA): This state agency offers a variety of grants and loans for home purchases, home repairs and foreclosure prevention. For more information, call 1-800-822-1174 or visit the website.

* 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.

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