Upper Darby Township First Time Homebuyer Program

Upper Darby Township First Time Homebuyer Program is a forgivable loan for homebuyers in Upper Darby, Pennsylvania, administered by Upper Darby Township Department of Community & Economic Development (counseling/intake via Media Fellowship House). Upper Darby Township's First Time Homebuyer Program provides up to $20,000 in down payment and/or closing cost assistance to low- and moderate-income first-time buyers purchasing a single-family principal residence within the Township. Assistance is a 0% interest forgiveness loan secured by a second mortgage, with 20% forgiven each year and full forgiveness after 5 years. The program is funded with federal CDBG and HOME funds and requires homebuyer counseling, a $1,000 minimum buyer contribution, and a 620+ credit score. Up to $20,000 in DPA/closing cost help. 0% interest, no monthly payments. Fully forgiven after 5 years (20%/year). Gift and seller funds allowed toward minimum contribution. New construction eligible. Funding comes from Federal CDBG and HOME Investment Partnerships Program funds.

Upper Darby Township First Time Homebuyer Program offers up to $20,000 in assistance. Homebuyer contribution: Buyer must contribute a minimum of $1,000 of their own funds. Seller contributions and gift funds may be applied toward the minimum. The program can be combined with other assistance, subject to the rules of each. Amounts are the program's published maximums, not an offer — Upper Darby Township Department of Community & Economic Development (counseling/intake via Media Fellowship House) determines any individual award.

Upper Darby Township First Time Homebuyer Program is forgiven after 5 years, so a homebuyer who stays that long does not repay it. Repayment is triggered by Sale or transfer of the property, change in owner-occupancy status, default of first mortgage, or delinquency of any taxes/obligations owed during the 5-year period of affordability (pro-rated repayment). The assistance is recorded in Second mortgage (subordinate only to the primary lender) position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Upper Darby Township First Time Homebuyer Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time" has exceptions here: Households that owned a home within the past 3 years may qualify if they meet HUD's definition of a displaced homemaker or single parent. The program lists a minimum credit score of 620. A homebuyer education course is required, through Minimum 8 hours of pre-purchase homeownership education/counseling by a Program/HUD-approved agency, within 12 months prior to purchase (e.g., Media Fellowship House). Citizenship or immigration status: U.S. citizen or permanent resident alien with a minimum of 5 years continual residency. LOAN TERM / period of affordability is 5 years (or the term of a HUD-insured first mortgage if FHA-financed). First mortgage must be fixed-rate; ARM/balloon/interest-only loans prohibited. Full application due at least 3 weeks before settlement. GAP: program does not publish an annual funding cap.

Upper Darby Township First Time Homebuyer Program limits household income to 80% of the area median income, which varies by county and household size. FY2025 limits (gross income of all deed holders and residents): 1 person $66,850; 2 $76,400; 3 $85,950; 4 $95,500; 5 $103,150; 6 $110,800; 7 $118,450; 8 $126,100. Uses HUD Part 5 (24 CFR 5.609) annual income definition; updated annually by HUD. 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.

Upper Darby Township First Time Homebuyer Program caps the purchase price at $304,000. Eligible property types include Single Family, Row home, and Twin. New construction is eligible. Manufactured homes are not eligible.

Upper Darby Township First Time Homebuyer Program serves homebuyers purchasing in Upper Darby, Pennsylvania.

Applications for Upper Darby Township First Time Homebuyer Program go through Upper Darby Township Department of Community & Economic Development (counseling/intake via Media Fellowship House), 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.