Montour County First Time Home Buyer Program

House with a sold signWhy rent when Monroe County offers down payment and closing cost help to first-time homebuyers?

The assistance loan is a second mortgage of up to $5,000 or 10% of the purchase price, whichever is greater (whichever is less).
The best part is that no monthly payments are required for the assistance loan, and no interest is accrued while you reside in the home.
The second mortgage is payable only when the homeowner(s) refinances, sells, or transfers the property.

Eligibility Guidelines:

You must be a first-time home buyer. None of the borrowers may have owned a home in the preceding three years. Borrowers and co-borrowers may not own any other real estate or business other than the one from which they get their primary income.

Your total yearly household income should be less than 100% of the Monroe County median annual income (adjusted annually)

Prior to applying, you must have lived in Monroe County for a full year or have qualifying present or prospective employment.

You must be a United States Citizen or a resident Alien.

Prospective homebuyers must finish home ownership counseling satisfactorily.

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