Lebanon County First-Time Homebuyer Program

Lebanon County First-Time Homebuyer Program is a deferred second loan for homebuyers in Lebanon County, Pennsylvania, administered by Redevelopment Authority of the County of Lebanon. Administered by the Redevelopment Authority of the County of Lebanon using federal HOME funds, it helps first-time buyers at or below 80% AMI with down payment and closing-cost gap funding plus up to $4,999 repair funds, as a no-interest second-lien deferred loan repaid when the home is sold or vacated. Serves both Lebanon County and the City of Lebanon. Gap funding up to $25,000. Additional up to $4,999 for repairs. Zero interest deferred 2nd lien. Homebuyer 101 in English and Spanish. Funding comes from HUD HOME Investment Partnerships Program (administered by RDA of Lebanon County).

Lebanon County First-Time Homebuyer Program offers up to $25,000 in assistance. Homebuyer contribution: Buyer must have some of their own savings toward the purchase; exact percentage not published. The program can be combined with other assistance, subject to the rules of each. Amounts are the program's published maximums, not an offer — Redevelopment Authority of the County of Lebanon determines any individual award.

Lebanon County First-Time Homebuyer Program is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off. Repayment is triggered by No-interest deferred second lien (plus up to $4,999 repair component) repaid when the property is sold or no longer owner-occupied. The assistance is recorded in Second position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Lebanon County First-Time Homebuyer Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. A homebuyer education course is required, through Homebuyer 101 classes (English and Spanish) with the City of Lebanon / Redevelopment Authority. Residency requirement: Property must be in Lebanon County (including the City of Lebanon). 4-person income dollar limit, exact min contribution %, purchase-price cap, credit/DTI thresholds, and current AMI year are not published on the primary RDA source and need staff confirmation. Income example ($48,800 for 2 people) is from 2022; HOME funding sought competitively (~$250K/yr). Verified via RDA Lebanon County and City of Lebanon primary pages.

Lebanon County First-Time Homebuyer Program limits household income to 80% of the area median income, which varies by county and household size. Up to 80% of median income (whole-household). Example cited by the Authority: 2-person household income no more than $48,800/year (2022). 4-person dollar figure not published. 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.

Lebanon County First-Time Homebuyer Program can be used for Single Family.

Lebanon County First-Time Homebuyer Program serves homebuyers purchasing in Lebanon County, Pennsylvania.

Applications for Lebanon County First-Time Homebuyer Program go through Redevelopment Authority of the County of Lebanon, which publishes the current terms and the application steps on its own site. Funds are reserved through Apply through the Redevelopment Authority; buyer responsible for monthly first mortgage. 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.