Bucks County First Time Homebuyer Program
Funding status: Active
How much assistance
Up to $10,000 (Deferred Loan)
No interest deferred mortgage. Repayable when the home is sold, transferred, refinanced for additional debt, or is no longer the principal residence.
Eligibility
- Income limits: At or below 100% of Median Family Income for Bucks County based on family size
- Purchase price limit: $375,000
- First-time buyer required: Yes — Must not have owned a home in the past 3 years.
- Geographic restrictions: Must purchase a home in Bucks County. At least one adult must have 6 months residency in Bucks County or 1 year continuous employment in Bucks County.
- Homebuyer education required: Yes
How to Apply for Bucks County First Time Homebuyer Program
Step 1: Contact Bucks County Housing Group at 215-394-8259 ext. 126 to begin the required counseling process. Complete their online intake application to set up an intake and arrange for counseling. Minimum borrower contribution is 3% of the purchase price.
Notes
Maximum sales price is $375,000. Counseling and eligibility determination performed by Bucks County Housing Group under contract with the county.