Down Payment and Closing Cost Assistance Program

Down Payment and Closing Cost Assistance Program is a forgivable loan for homebuyers in Cumberland County, Pennsylvania. Cumberland County HOME/CDBG-funded FTHB DPA. Up to $10,000 0% forgivable soft second forgiven at 5 years. Cumberland County PA (Carlisle, Mechanicsburg, Camp Hill, Shippensburg), FTHB, 80% AMI, 620 FICO, mandatory counseling. Cumberland County Housing & Redevelopment Authorities (CCHRA) Down Payment and Closing Cost Assistance Program provides HUD HOME/CDBG-funded down payment and closing cost assistance up to $10,000 to qualifying first-time homebuyers purchasing in Cumberland County PA (Carlisle, Mechanicsburg, Camp Hill, Shippensburg, and surrounding Cumberland County). The DPA is a 0% interest deferred forgivable second mortgage forgiven at 5 years per HUD HOME rules. Pairs with FHA, VA, USDA, or Conventional first mortgage. 620 minimum FICO. Income range $59,050-$139,200 reflects Cumberland County / Harrisburg-Carlisle MSA 80% AMI 1p-8p. Funding comes from Federal, HOME, and CDBG.

Down Payment and Closing Cost Assistance 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.

Down Payment and Closing Cost Assistance 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: 620 minimum FICO. A homebuyer education course is required, through HUD-approved homebuyer counseling required (e.g., Tri County Housing Development Corporation, NeighborWorks). Residency requirement: Property must be located in Cumberland 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. Property must be located in Cumberland County PA. First-time homebuyer required (no ownership in past 3 years). 620 minimum credit score. Income at or below 80% AMI for Cumberland County / Harrisburg-Carlisle MSA (range $59,050-$139,200 1p-8p). Borrower must complete pre-purchase homebuyer counseling at HUD-approved agency. Property must be borrower's primary residence. Soft second forgiven at 5 years of continuous owner-occupancy per HUD HOME rules.

Down Payment and Closing Cost Assistance Program limits household income to 80% of the area median income, which varies by county and household size. Income range $59,050-$139,200 reflects Cumberland County / Harrisburg-Carlisle 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.

Down Payment and Closing Cost Assistance Program caps the purchase price as follows: Per HUD HOME 95% area median sales price for Cumberland County and first-mortgage loan limits. Eligible property types include 1- to 2-unit owner-occupied primary residence (single-family detached, duplex, townhouse, condominium). New construction is eligible. Manufactured homes are not eligible.

Down Payment and Closing Cost Assistance 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.

Down Payment and Closing Cost Assistance Program serves homebuyers purchasing in Cumberland County, Pennsylvania.

Applications for Down Payment and Closing Cost Assistance Program go through the administering agency, which publishes the current terms and the application steps on its own site. Funds are reserved through Apply directly to CCHRA. Funds reserved on first-come, first-served basis subject to 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.