City of York Homebuyer Grant Program

What is City of York Homebuyer Grant Program?

City of York Homebuyer Grant Program is a forgivable loan for homebuyers in York, Pennsylvania, administered by City of York Bureau of Housing Services; administered by Tenfold Community Lending.

• The City of York Homebuyer Grant Program provides up to $15,000 toward down payment and closing costs for first-time homebuyers purchasing a single-family home in York City, administered by Tenfold Community Lending on behalf of the City. Eligibility uses a higher income ceiling of 300% of the Federal Poverty Guidelines, broadening access beyond the HOME-funded program. The grant carries 0% interest with no monthly payments, is secured by a second mortgage lien, and is prorated and forgiven over five years.
• Up to $15,000 in assistance.
• 0% interest, no monthly payments.
• Forgiven over 5 years.
• Higher income eligibility (300% of Federal Poverty Guidelines).
• Homebuyer counseling and education included.

How much assistance does it provide?

City of York Homebuyer Grant Program offers up to $15,000 in assistance.

• The program asks buyers to contribute 1% of purchase price or $1,000, whichever is greater.
• The program can be combined with other assistance, subject to the rules of each.
• Amounts are the program's published maximums, not an offer — City of York Bureau of Housing Services; administered by Tenfold Community Lending determines any individual award.

Do you have to pay it back?

City of York Homebuyer Grant Program is forgiven after 5 years, so a buyer who stays that long does not repay it.

• Repayment is triggered by Prorated grant repayment due upon sale or transfer, or if the grantee ceases to occupy as primary residence within five years (forgiven over the five-year term).
• The assistance is recorded in Second mortgage lien position.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

City of York Homebuyer Grant Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

City of York Homebuyer Grant Program limits household income to $93,600.

• The limit applies to total household income, not only the borrower’s.
• The program lists a maximum household size of 8.
• Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

City of York Homebuyer Grant Program caps the purchase price at $236,000.

• Eligible property types include Single Family and Manufactured.
• New construction is eligible.
• Manufactured homes are eligible.

Where does it apply?

City of York Homebuyer Grant Program serves buyers purchasing in York, Pennsylvania.

How do you apply?

Applications for City of York Homebuyer Grant Program go through City of York Bureau of Housing Services; administered by Tenfold Community Lending, which publishes the current terms and the application steps on its own site.

1. 1

   Take a homebuyer education course

   Required by the program, through HUD-approved Homebuyer Education Course administered by Tenfold Community Lending; individual pre-settlement counseling required.

2. 2

   Contact City of York Bureau of Housing Services; administered by Tenfold Community Lending to reserve funds

   Funds are reserved with the provider and are subject to availability.

3. 3

   Work with a lender who handles the program

   Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.