City of Reading HOME Homebuyer Assistance

Administered by: City of Reading Department of Community Development · City · Deferred Loan

Funding status: Active

How much assistance

Up to $25,000 for down payment and closing costs (Deferred Loan)

Deferred loan secured as a lien; terms vary by program year

Eligibility

  • Income limits: Low to moderate income (at or below 80% AMI)
  • First-time buyer required: Yes — Must not have owned a home in the past 3 years
  • Geographic restrictions: Must purchase within the City of Reading
  • Homebuyer education required: Yes

How to Apply for City of Reading HOME Homebuyer Assistance

Step 1: Contact the City of Reading Department of Community Development at 610-655-6328. Complete a HUD-approved homebuyer education course through NHS of Greater Berks. Work with a participating lender to obtain first mortgage approval.

Visit program website

Notes

The City of Reading administers HOME and CDBG funds for homebuyer assistance. The City partners with NHS of Greater Berks and other qualified nonprofits to deliver homebuyer assistance. Buyer must contribute at least $1,000 toward down payment and closing costs. Properties must be located within the City of Reading and meet property standards.

Cities Where This Program Is Available