found that about half of home buyers say their main concern is being able to afford the purchase.
One of Lopez’s clients is a woman who teaches special education and saved $12,000 to buy a home for herself and her three children. But she needs $20,000 to get into the house. That’s where grants and other assistance can make the difference, he said.Philadelphia had offered limited home buyer grants in the past, but Philly First Home “caught fire” after thein 2019 and began distributing thousands of dollars per household, said Thomas at the Philadelphia Housing Development Corp.
. About two-thirds of grant recipients had incomes at 80% of the area median or below — $75,600 for a household of four. The program distributed average grants of almost $9,000.Residents, real estate agents, housing counselors, and others have been asking about Philly First Home, Thomas said.
Source: Loan Digest (loandigest.net)
Lol, is Philly going to have a BMW assistance program? Where does one get an application for that?
Is she headed to the prom?
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