First-time Homebuyer

Home Buyer Assistance

The City of Philadelphia and JPMorgan Chase want you to be a successful homeowner! We are offering a homebuyer assistance grant of $1,000* to assist with down payment or closing costs, if you complete a City-funded homeownership counseling program.

Homeownership counseling successfully prepares borrowers for this big life decision. If you participate in this FREE homeownership counseling, you will learn about:

  • Purchasing a home within your budget
  • Avoiding dangerous mortgages
  • Rights and responsibilities of homeowners
  • Mortgage application/purchase processes
  • Improving credit, credit repair and maintenance
  • Money management
  • Home maintenance
  • Avoiding foreclosure

What type of property is eligible?

The property must be a single-family home or duplex located in Philadelphia (no condominiums).

Who is eligible?

  • You must be a first-time buyer
  • You must complete homeownership counseling through a City-funded housing counseling agency before signing an Agreement of Sale.
  • You must be income eligible (see chart below).
Income Guidelines
Household Size Maximum Annual Household Income
1 $70,380
2 $80,500
3 $90,505
4 $100,510
5 $108,560
6 $116,610
7 $124,660
8 $132,710

(Income guidelines subject to change)
This program and grant is restricted to households below 115% of AMI.

How do I apply?

Contact a City-funded housing counseling agency. They will need:

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

For additional housing information, explore this site or call 215-686-9749.


* Grants will be provided while funding is available. The grant cannot be used for other home-buying expenses

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