Delaware County Homeownership First Program

Delaware County Homeownership First Program is a forgivable loan for homebuyers in Delaware County, Pennsylvania. Same as Delaware County HCD Homeownership First Program (administered by Media Fellowship House). Up to $10,000 0% forgivable soft second forgiven at 5 years. Delaware County PA, FTHB, 80% AMI, max purchase price $290,000. Media Fellowship House administers the Delaware County Homeownership First Program on behalf of Delaware County HCD. NOTE: This is the SAME underlying program as the Delaware County HCD Homeownership First Program. both DPA One records refer to the same county HOME-funded program. Provides up to $10,000 deferred forgivable second mortgage assistance for qualifying first-time homebuyers purchasing in Delaware County PA. Maximum purchase price $290,000. The DPA is a 0% interest deferred forgivable second mortgage forgiven at 5 years per HUD HOME rules. Income range $64,250-$121,150 (Delaware County 80% AMI). Pairs with FHA, VA, USDA, or Conventional first mortgage. Funding comes from Federal and HOME.

Delaware County Homeownership First Program is forgiven after 5 years, so a homebuyer who stays that long does not repay it. Repayment is triggered by 5-year HUD HOME affordability period. If property is sold/refi/transferred or borrower vacates within 5 years, unforgiven balance due in full. Forgiven at 5 years of continuous owner-occupancy. The assistance is recorded in 2nd Lien position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Delaware County Homeownership First Program 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 required (no ownership in past 3 years), with HUD HOME exceptions for displaced homemakers and single parents. On credit, the program states: Per first-mortgage product (typically 620-640 minimum). A homebuyer education course is required, through Media Fellowship House (HUD-approved housing counseling agency) provides pre-purchase homebuyer counseling. Other HUD-approved counseling agencies may be accepted. Residency requirement: Property must be located in Delaware County PA and used as borrower's primary residence. Citizenship or immigration status: U.S. citizen, permanent resident, or qualifying non-permanent resident alien per first-mortgage product and HUD HOME rules. Same as Delaware County HCD Homeownership First Program (same underlying program). Property must be located in Delaware County PA. First-time homebuyer required. Maximum purchase price $290,000. Income at or below 80% AMI for Delaware County (range $64,250-$121,150 1p-8p). Borrower must complete pre-purchase homebuyer counseling through Media Fellowship House or HUD-approved agency. Property must be borrower's primary residence. Soft second forgiven at 5 years of continuous owner-occupancy per HUD HOME rules.

Delaware County Homeownership First Program limits household income to 80% of the area median income, which varies by county and household size. Income range $64,250-$121,150 reflects Delaware County / Philadelphia-Camden-Wilmington MSA 80% AMI for household sizes 1-8. 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.

Delaware County Homeownership First Program caps the purchase price at $290,000. Eligible property types include 1- to 2-unit owner-occupied primary residence (single-family detached, duplex, condominium, townhouse). New construction is eligible. Manufactured homes are not eligible.

Delaware County Homeownership First Program names veterans, active-duty service members, reservists and National Guard members, and surviving spouses 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.

Delaware County Homeownership First Program serves homebuyers purchasing in Delaware County, Pennsylvania.

Applications for Delaware County Homeownership First Program go through the administering agency, which publishes the current terms and the application steps on its own site. Funds are reserved through Apply through Media Fellowship House (program administrator). Funds reserved on first-come, first-served basis subject to Delaware County HOME allocation. 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.