Pennsylvania Home Buyer

Union County First Time Home Buyer Program

Nice house with sold signThe Union County Commissioners know how hard it is for first time home buyers to come up with the down payment and closing costs to purchase a home. So, Union County came up with a down payment and closing cost assistance program to help eligible home buyers. Union County provides qualifying home buyers with be $10,000 or 10% of the purchase price for down payment and or closing cost assistance. The total amount of any loan shall not exceed $10,000. The assistance grant (loan) is a second mortgage that is interest free and will be repaid at if the property is refinanced or sold by the applicant.

Eligibility Guidelines:

Check markYou must be a first-time homebuyer. All borrowers may not have owned a home within the last 3 years. The borrowers and co-borrowers may not have an ownership interest in any other real estate or business other than a business that is their primary source of income.

Check markYour total household annual income must meet the Union County median income limits. (adjusted annually)

Check markThe  home must be located within Union County and the home buyer is required to reside in and use the purchased property as his or her principal place of residence. Union County permits one or two family home; income may be derived from rents for one dwelling unit. The home must meet the minimum property maintenance standards as recommended by the Union County Affordable Housing Fund Board and approved by the Union County Commissioners.

Check markYou are required to be a U.S. Citizen or Resident alien.

Check markProspective home buyers are required to successfully complete home ownership counseling.

Check markThe prospective home buyer(s) must contribute a minimum of three (3%) percent of the purchase price of the property from their own sources, not including gifted funds.

Union County Home Buyer and Credit counseling Programs


What is a hud-1 settlement statement?

At closing or settlement, the attorney or settlement officer will provide you with a statement of closing costs associated with the sale. The left side of the form are the buyer’s settlement costs and on the right, the seller charges. HUD-1.pdf

What credit score do you need for a first time homebuyers loan?

The credit score requirement varies depending on the loan (i.e. FHA, VA, and USDA, conventional). The FHA loan only requires a minimum credit score of 580, however, the mortgage company or housing agency are permitted to require a higher credit score.

How much do first time home buyers need to put down?

The down payment requirement is based on the type of loan. For example, the USDA home loan does not require a down payment – “0%”. The VA home loan does not require a down payment. Several county housing agencies in Pennsylvania offer grants and closing cost assistance . . . and can include down payment assistance.

Tips for buying your first home

The first thing you should do is to gather all of your financial records and meet with the mortgage loan officer at your bank for mortgage pre-approval. He or she will want to see your most recent paystubs, your bank statements from all saving and checking accounts, and any retirement savings that are locked up in a 401K. Do you have any child support payments that are paid or received? If so, the lender will want to review those obligations.

Ask your real estate agent about any special financing that may be available with other lenders. Don’t be afraid to shop lenders! Some lenders are able to offer lower interest rates. Shop and listen carefully to each lender and what the lender can offer you. After you purchase your home, get a home inspection. Choose an inspector based on your independent research. In short, interview home inspectors and choose the one that you feel is the most qualified.

How much does it cost to buy a house in Pennsylvania?

Use the PA mortgage calculator to estimate the down payment, closing costs and monthly payment for FHA, VA, USDA & conventional loans.Closing cost calculator

First time home buyer classes listed by county