First Front Door Keys (Keys)

First Front Door Keys (Keys) is a grant for homebuyers in Delaware, administered by FHLBank Pittsburgh (Federal Home Loan Bank of Pittsburgh). First Front Door Keys is the first-generation homebuyer tier of FHLBank Pittsburgh's First Front Door program, expanding access to first-time buyers who are also first-generation homebuyers. Eligible buyers at or below 120% AMI who contribute at least $1,500 of their own funds can receive up to $15,000 toward down payment and closing costs. The grant carries a 5-year retention period with prorated recapture on early sale or refinance. Up to $15,000 toward down payment and closing costs. Higher 120% AMI income ceiling. Targets first-generation homebuyers. No monthly payments. Forgiven after 5 years. Can be combined with other assistance. Funding comes from FHLBank Pittsburgh member-funded voluntary housing grant program (first-generation homebuyer set-aside).

First Front Door Keys (Keys) offers up to $15,000 in assistance. Award tiers: Keys is the first-generation tier of the First Front Door program (higher 120% AMI ceiling vs. 80% AMI for standard FFD). Homebuyer contribution: Homebuyer must contribute a minimum of $1,500 of personal funds toward down payment and closing costs. The program can be combined with Can be combined with other down payment / closing-cost assistance subject to program rules. Amounts are the program's published maximums, not an offer — FHLBank Pittsburgh (Federal Home Loan Bank of Pittsburgh) determines any individual award.

First Front Door Keys (Keys) is structured as a grant, so it is not repaid. Repayment is triggered by A prorated portion of the grant is recaptured if the home is sold or refinanced within the 5-year retention period; secured by a deed restriction (Real Estate Retention Agreement). Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

First Front Door Keys (Keys) is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time" has exceptions here: First-time homebuyer (no eligible primary residence owned in the last three years) AND must qualify as a first-generation homebuyer as defined by FHLBank Pittsburgh. On credit, the program states: Set by the participating member's first-mortgage underwriting. A homebuyer education course is required, through At least 4 hours of homeownership counseling (including predatory lending) prior to purchase, via a HUD-approved or FHLBank-approved agency (eHome America, Framework, PHFA, Fannie Mae HomeView, Freddie Mac CreditSmart). Buyer must qualify as a first-generation homebuyer as defined by FHLBank Pittsburgh, in addition to being a first-time homebuyer. Available only through participating members. Lien position, max purchase price, credit and DTI determined by member underwriting (left null).

First Front Door Keys (Keys) limits household income to 120% of the area median income, which varies by county and household size. Household income must be at or below 120% of area median income (AMI) at the time of registration, per HUD income limits for the property location/household size. The limit applies to total household income, not only the borrower’s. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

First Front Door Keys (Keys) can be used for Single Family, Condo, and Townhouse.

First Front Door Keys (Keys) names first-generation homebuyers among the groups it serves. Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

First Front Door Keys (Keys) serves homebuyers purchasing anywhere in Delaware.

Applications for First Front Door Keys (Keys) go through FHLBank Pittsburgh (Federal Home Loan Bank of Pittsburgh), which publishes the current terms and the application steps on its own site. Funds are reserved through Members submit reservation requests during the annual open round; reservations approved within 10 business days, first-come first-served until funds exhausted. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.