Chester County First Time Home Buyer Program

Very very nice houseIf you want to purchase a house in Chester County, you're in luck since the county offers a fantastic financing program for first-time home buyers. For the purchase of a house in Chester County, the county provides a closing-cost assistance loan of up to $5,000.

Closing-cost assistance may be "combined" with most mortgages (including USDA, FHA, and Fannie Mae), including a Pennsylvania Housing Finance Agency mortgage (PHFA). It is possible to own a home in Chester County for as little as $1,000!

When the house is transferred, sold, or refinanced, the assistance loan is repaid.
The size of the loan is determined by the applicant's financial necessity. And here's the greatest part: there's no interest to pay!


To be eligible for the Chest County assistance loan, the home-buyer(s)must:

  • Not have owned a home in the past 3 years or be a displaced homemaker.
  • Be able to obtain a 30-year, fixed-rate loan from a mortgage lender;
  • Occupy the home as your primary residence;
  • Meet the income limits for Chester County
  • Be 18 years of age or older;

Buyer Cash Contribution

Maximum allowable down payment 20% (Minimum LTV 80%);

At least $1,000 towards the purchase of the home plus 2 mortgage payments in the bank.

Liquid assets (i.e. checking, savings, and investment accounts) of the borrower after settlement cannot exceed $10,000.

Property Types

Eligible Properties must:

  1. Have a purchase price that does not exceed FHA loan limits for Pennsylvania.
  2. Meet HUD lead-based paint guidelines and housing quality standards;
  3. Be attached, detached, semi-detached, or condominiums;
  4. Be newly constructed or existing single-family residences within Chester County;

Eligible Loan Programs - Conventional home-loan, FHA Home Loan, USDA home-loan

Credit Counseling & First Time Home Buyer Classes in Chester County PA