First-Time Homebuyer Programs and Grants in Indiana County, PA

Buying your first home is exciting and can also be confusing. The good news? There are programs designed to help first-time buyers in Indiana County, PA with down payments, closing costs, and more.

What Is a First-Time Homebuyer?

In Pennsylvania, you're considered a first-time buyer if you haven't owned a primary residence in the last three years. Even if you've owned property before, you may still qualify.

Pennsylvania Programs to Know About

1. PA Housing Finance Agency (PHFA) Programs

PHFA offers several mortgage programs for first-time buyers, including the Keystone Home Loan Program with competitive rates, the Keystone Advantage Assistance Loan providing up to 4% of the purchase price as a no-interest second mortgage for down payment and closing costs, and the HFA Preferred Loan with reduced mortgage insurance costs.

2. HOME Investment Partnerships Program

A federally funded program that provides municipalities with grant and loan assistance to help low- and very-low-income Pennsylvanians purchase homes.

3. FHA Loans

Federal Housing Administration loans allow down payments as low as 3.5% with a credit score of 580+. Great for buyers who don't have a large savings account.

4. USDA Loans

If you're looking outside Indiana borough in more rural parts of the county, USDA loans offer zero down payment for eligible areas.

5. VA Loans

For veterans and active military, VA loans offer zero down payment and no private mortgage insurance.

Next Steps

The best first step is getting pre-approved with a local lender who knows these programs. Then come talk to me. I'll help you find homes that fit your budget and connect you with lenders who specialize in first-time buyer programs.

Questions?

Contact Sheri Kunkle at 724-422-5955 or visit sherikunkle.com.