Want Up to $15,000 In Cash For Down Payment & Closing Costs?
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onestown Bank & Trust Co. offers a first-time homebuyer grant program funded by FHLBank Pittsburgh on a seasonal basis. Check for availability.
Through the First Front Door (FFD)© Program, if a borrower contributes a minimum of $1,500 toward their down payment and closing costes, the homebuyer is eligible for a maximum FFD grant of $15,000.
Borrower contributions can take the form of savings, a tax refund, an inheritance, or any other funds the homebuyer personally contributes to the purchase. Homebuyer contributions are not other loans, grants or sellers assistance/equity.
Who Qualifies For First Front Door© Funding?
- Be a first-time homebuyer (which means you haven’t owned a home within the past three years, or you owned a home only while married but not as a single person within the last three years – this includes a married couple if either has not owned a home in the past three years).
- Secure a first mortgage through JBT.
- Have an income at or below 80 percent of the area median income.
- Not be a student working less than 30 hours per week.
- Complete at least four hours of homeownership counseling prior to purchasing the home.
- Agree to maintain the home for five years to retain the full amount of the grant. If a sale occurs before the five years expire, a portion of the grant may be required to be repaid.
Your JBT lender will review these and other program requirements with you.
Is It Your Time To Buy?
Contact
As Mortgage Originators with JBT, I understand the homebuying, homebuilding, and financing process. I look forward to guiding you through each step of the mortgage application and approval process – from our initial meeting to the settlement table. My team will work to keep your experience as streamlined as possible and be there to answer any questions. I invite you to Bank on a Smile® with my experienced mortgage team.
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