Cumberland County First Time Homebuyer Program

Nice house with a sold signCumberland County's first-time home buyer assistance program provides qualified homebuyers with up to $3,000 in help toward the down payment and closing costs associated with the purchase of a property in Cumberland County.

The applicant's gross family income must fall between the range of 80% to 100% of the County's median income. Homebuyers whose family income is less than 80% of the median income in Cumberland County may qualify for $5,000 in help.

The first-time home buyer program in Cumberland County will match participants' money three to one. The County will provide $3 or $5 in grant assistance for every dollar saved for a down payment on a house, subject to program limits.

This assistance grant is designed as a forgivable loan with a five-year repayment period. Assistance may be used toward the down payment and/or closing expenses.
The homebuyer is not obliged to make monthly payments on this loan, and the aid grant is not subject to interest. Each month, 1/60th of the debt balance is forgiven.
After five years of house ownership, the full reward is forgiven.

Do I qualify for this program?

  1. A letter of pre-approval from the mortgage lender must accompany the grant application.
  2. The home buyer's contribution to the purchase price cannot exceed $15,000.
    This limit of $15,000 applies to gift money, seller aid, and lender help.
    The buyer may not have more than $30,000 in assets after settlement, excluding IRAs, 401(k)s, and similar retirement funds.
  3. The application must show satisfactory proof of the money to be matched from the participants' personal finances.
  4. Homebuyers must adhere to Cumberland County's family income guidelines (See below).
  5. This program is exclusively available to first-time home buyers.
    Cumberland County defines First Time Home Buyers as individuals who have never owned a home or who have owned a manufactured home but not the land on which it was built, or who have forfeited their home due to a divorce agreement and have not owned a home since (displaced homemaker); or who have not owned a home in the last three years.

Income limits (2022)

See PA median income by county

Credit counseling & First Time Home Buyer Classes in Cumberland County PA