Philly First Home Grant: How First-Time Buyers Get Up to $10,000
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The Philly First Home program gives eligible first-time buyers in Philadelphia a grant toward their down payment and closing costs. Here is how it works and how to plan around it. Program terms change, so confirm current details with the City of Philadelphia and your lender before you count on it.
What the Grant Covers
The grant is up to $10,000 or 6% of the purchase price, whichever is less, and it can be used toward the down payment and closing costs on a home in Philadelphia.
Who Qualifies
Buyers generally must be first-time homebuyers or not have owned a home in the past three years, meet household income limits that vary by household size, and buy a home in the city to live in as their primary residence.
The Steps That Matter
Complete a free, city-funded housing counseling program before you sign an agreement of sale. Get pre-approved with a lender who knows the program. Then build your search around homes that fit both your budget and the program’s rules.
The Fine Print
The grant is tied to living in the home. If you sell, move out or refinance within 15 years, some or all of it may have to be repaid. Funding is limited and can run out, so timing matters.
How Max Helps
Max builds the grant into your budget from the first consultation, connects you with lenders who handle it regularly and keeps the counseling and contract steps in the right order so the grant is not put at risk.
