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Get Matched Free →Homebuyer Programs in Bensalem, PA (2026)
Bensalem is one of the largest townships in Pennsylvania, located in Bucks County just northeast of Philadelphia, with a population of about 63,000 and a median home price around $416,000. While Bensalem Township does not offer its own city-level down payment assistance program, buyers here can access the Bucks County First Time Homebuyer Program, which provides up to $10,000 as a no-interest deferred loan for down payment and closing costs on homes priced up to $375,000. At the state level, the PHFA Keystone Forgivable in Ten Years (K-FIT) program provides 5% of the purchase price as a forgivable loan, and the PHFA HOMEstead Program offers up to $10,000 in additional assistance. Habitat for Humanity of Bucks County also offers affordable homeownership opportunities for income-qualifying families. By combining county and state programs, eligible buyers purchasing below the $375,000 county cap can stack meaningful assistance toward their home purchase.
Top Homebuyer Programs in Bensalem
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| Bucks County First Time Homebuyer Program | Deferred Loan | Up to $10,000 | Yes | View → |
| FHA Loans | Government-Insured Mortgage | Up to FHA county loan limits ($541,287 floor to $1,249,125 ceiling for single-family in 2026) | No | View → |
| FHLBA Community Partners Product | Forgivable Loan | Up to $20,000 in home purchase assistance for down payment and closing costs | No | View → |
| FHLBA First Time Homebuyer Product | Forgivable Loan | Up to $17,500 in home purchase assistance for down payment and closing costs | Yes | View → |
| FHLBA Workforce Housing Plus+ | Forgivable Loan | Up to $15,000 in home purchase assistance for down payment and closing costs | No | View → |
| Good Neighbor Next Door (HUD) | Government Property Sale Program | 50% discount off the list price of HUD-owned homes | Yes | View → |
| Home Possible Mortgage (Freddie Mac) | Government-Guaranteed Mortgage | Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment | No | View → |
| HomeReady Mortgage (Fannie Mae) | Government-Guaranteed Mortgage | Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment | No | View → |
| HUD $100 Down Program | FHA-Financed HUD REO Purchase | Only $100 down payment required (vs. standard 3.5% FHA down payment). HUD may also pay up to 3% of buyer's closing costs. | No | View → |
| USDA Rural Development Loans | Government-Guaranteed Mortgage | 100% financing (no down payment required); loan amount up to appraised value | No | View → |
| VA Loans | Government-Guaranteed Mortgage | No loan limit for veterans with full entitlement (0% down at any price); partial entitlement subject to conforming limits ($832,750 standard in 2026) | No | View → |
| Habitat for Humanity of Bucks County Homeownership Program | Zero-Interest Loan | Affordable mortgage with monthly payments at or below 30% of gross income on Habitat-built or renovated homes ($100,000-$150,000) | Yes | View → |
| PHFA HFA Preferred Grant | Grant | $500 | No | View → |
| PHFA HOMEstead Program | Forgivable Loan | Up to $10,000 | Yes | View → |
| PHFA Keystone Advantage Assistance Loan | Zero-Interest Loan | Up to 4% of purchase price or market value, or $6,000, whichever is less | No | View → |
| PHFA Keystone Forgivable in Ten Years (K-FIT) | Forgivable Loan | 5% of the lesser of the purchase price or appraised value | No | View → |
- Type:
- Deferred Loan
- Amount:
- Up to $10,000
- First-time only:
- Yes
- Type:
- Government-Insured Mortgage
- Amount:
- Up to FHA county loan limits ($541,287 floor to $1,249,125 ceiling for single-family in 2026)
- First-time only:
- No
- Type:
- Forgivable Loan
- Amount:
- Up to $20,000 in home purchase assistance for down payment and closing costs
- First-time only:
- No
- Type:
- Forgivable Loan
- Amount:
- Up to $17,500 in home purchase assistance for down payment and closing costs
- First-time only:
- Yes
- Type:
- Forgivable Loan
- Amount:
- Up to $15,000 in home purchase assistance for down payment and closing costs
- First-time only:
- No
- Type:
- Government Property Sale Program
- Amount:
- 50% discount off the list price of HUD-owned homes
- First-time only:
- Yes
- Type:
- Government-Guaranteed Mortgage
- Amount:
- Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment
- First-time only:
- No
- Type:
- Government-Guaranteed Mortgage
- Amount:
- Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment
- First-time only:
- No
- Type:
- FHA-Financed HUD REO Purchase
- Amount:
- Only $100 down payment required (vs. standard 3.5% FHA down payment). HUD may also pay up to 3% of buyer's closing costs.
- First-time only:
- No
- Type:
- Government-Guaranteed Mortgage
- Amount:
- 100% financing (no down payment required); loan amount up to appraised value
- First-time only:
- No
- Type:
- Government-Guaranteed Mortgage
- Amount:
- No loan limit for veterans with full entitlement (0% down at any price); partial entitlement subject to conforming limits ($832,750 standard in 2026)
- First-time only:
- No
- Type:
- Zero-Interest Loan
- Amount:
- Affordable mortgage with monthly payments at or below 30% of gross income on Habitat-built or renovated homes ($100,000-$150,000)
- First-time only:
- Yes
- Type:
- Grant
- Amount:
- $500
- First-time only:
- No
- Type:
- Forgivable Loan
- Amount:
- Up to $10,000
- First-time only:
- Yes
- Type:
- Zero-Interest Loan
- Amount:
- Up to 4% of purchase price or market value, or $6,000, whichever is less
- First-time only:
- No
- Type:
- Forgivable Loan
- Amount:
- 5% of the lesser of the purchase price or appraised value
- First-time only:
- No
How to Apply
- Step 1:
Check your eligibility. The Bucks County First Time Homebuyer Program requires household income at or below 100% of Median Family Income for Bucks County and first-time buyer status, meaning you have not owned a home in the past 3 years. The maximum purchase price is $375,000.
- Step 2:
Complete homebuyer education. Contact Bucks County Housing Group at 215-394-8259 ext. 126 to begin the required counseling process. Complete their online intake application to arrange counseling.
- Step 3:
Get pre-approved for a mortgage. Work with a PHFA-approved lender to explore first mortgage options and determine your eligibility for state assistance programs like K-FIT and HOMEstead.
- Step 4:
Find a home within program limits. The Bucks County program caps the purchase price at $375,000, and at least one adult buyer must have 6 months residency in Bucks County or 1 year of continuous employment in the county.
- Step 5:
Apply for the Bucks County First Time Homebuyer Program. Your housing counselor at Bucks County Housing Group will guide you through the application. You'll need to contribute a minimum of 3% of the purchase price from your own funds.
- Step 6:
Apply for additional state programs. Through your PHFA-approved lender, apply for the K-FIT program (5% of purchase price, forgivable over 10 years) and the HOMEstead Program (up to $10,000).
- Step 7:
Close on your home. Your lender and housing counselor will coordinate the layering of county and state assistance to maximize your benefits at closing.