State College First Time Home Buyer Program

House with a sold signFor first-time home buyers in State College, the First-Time House Buyer (FTHB) program offers mortgage and closing-cost help to both moderate and low-income families, resulting in a home that is the same or less expensive than your current rent.

Qualifying homebuyers are given with free homebuyer education and budget advice to help them through the whole homebuying experience.

The State College Community Land Trust (SCCLT) and the Temporary Housing Foundation, Inc. (HTI) are two other non-profit organizations that provide home-buying options in State College.

The SCCLT promotes house ownership by "splitting" the cost of a home into two or more payments.

How much is the grant?

Downpayment and Closing-Cost Assistance - "The Centre County Housing Trust Fund will be utilized to help the home buyer with down payment and closing expenses. A maximum of $10,000 will be provided, or 10% of the purchase price (whichever is less).

Note: The loan will become due when the house is resold, refinanced for more than the original purchase price, ceases to be Borrower's full-time, permanent residence, or the mortgage is paid in full ".  Brochure