Penn Hills Homebuyer Assistance Program

Penn Hills Homebuyer Assistance Program is a forgivable loan for homebuyers in Penn Hills, Pennsylvania, administered by ACTION Housing, Inc. The Penn Hills Homebuyer Assistance Program provides up to $14,500 in down payment and closing cost assistance as a 0% forgivable second mortgage for income-qualified buyers purchasing within the Municipality of Penn Hills. Funded by the Allegheny County HOME program with a 5-year affordability period requiring owner-occupancy. Applications must be submitted through one of six participating first mortgage lenders, and buyers must complete HUD-approved pre-purchase counseling. Up to $14,500 forgivable second mortgage. 0% interest. 5-year forgiveness. Down payment and closing cost coverage. Funding comes from Allegheny County HOME Investment Partnerships Program (HUD).

Penn Hills Homebuyer Assistance Program offers up to $14,500 in assistance. Homebuyer contribution: Minimum $500 or 3% of total down payment and closing costs, whichever is lesser, from personal funds. The program can be combined with other assistance, subject to the rules of each. Amounts are the program's published maximums, not an offer — ACTION Housing, Inc. determines any individual award.

Penn Hills Homebuyer Assistance Program is forgiven after 5 years, so a homebuyer who stays that long does not repay it. Repayment is triggered by Sale, transfer, or failure to occupy as primary residence during the 5-year affordability period. The assistance is recorded in 2 position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Penn Hills Homebuyer Assistance 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 HUD-approved agency (Advantage Credit Counseling, Mon Valley Initiative, NeighborWorks Western PA, Urban League of Greater Pittsburgh, WAVE). Residency requirement: Property within corporate limits of Municipality of Penn Hills. Citizenship or immigration status: Standard federal HOME requirements apply. Must have pre-approval from a participating lender before applying; closing scheduled at least 45 days after county income approval; property must be vacant single-family within Penn Hills.

Penn Hills Homebuyer Assistance Program limits household income to 80% of the area median income, which varies by county and household size. At or below 80% AMI, Pittsburgh HUD Metro Area (2025): 1p $61,850; 2p $70,650; 3p $79,500; 4p $88,300; 5p $95,400; 6p $102,450; 7p $109,500; 8p $116,600. 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.

Penn Hills Homebuyer Assistance Program can be used for Single Family. New construction is not eligible. Manufactured homes are not eligible.

Penn Hills Homebuyer Assistance Program serves homebuyers purchasing in Penn Hills, Pennsylvania. The program targets specific areas: Municipality of Penn Hills, Allegheny County.

Applications for Penn Hills Homebuyer Assistance Program go through ACTION Housing, Inc., which publishes the current terms and the application steps on its own site. 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.