Lower Merion Affordable Housing Corporation (LMAH) in cooperation with Lower Merion Township (counseling via Genesis Housing Corporation)
Up to $0 toward a down payment in PA.
The Lower Merion Affordable Home Purchase Program, run by the Lower Merion Affordable Housing Corporation in cooperation with Lower Merion Township, helps first-time buyers afford a home in this high-cost Main Line township by placing a zero-interest second mortgage (typically $100,000+) that reduces the monthly payment to roughly 31% of income. Up to 50% of the second mortgage is forgiven over time (25% at 10 years, 25% at 20 years), with the remainder repaid on sale/transfer. Buyers must contribute a 3% down payment, occupy the home as their primary residence, and meet income limits; preference is given to those who live or work in Lower Merion and to active volunteer firefighters.
Short reads on how it works, in plain language. Free, no sign-up needed to read.
Free course from Hey Prescott
A short, free course on Lower Merion Affordable Home Purchase Program: what it is, who it is for, how it is forgiven, where it applies and how to apply. Based on program data from July 2026. About ten minutes.
5 modules · About 10 minutes
Program details are sourced from public agency data and may change. Confirm eligibility with a Hey Prescott loan officer before applying.