Buying your first home? You may be able to get up to $5,000 towards down payment and closing costs through the First Front Door (FFD) program, funded by the Federal Home Loan Bank of Pittsburgh.
Under FFD, qualified homebuyers can receive a 3-to-1 matching contribution from a participating FFD lender. That means that for every $1 you contribute, you can receive $3 in grant assistance, up to a maximum of $5,000.
Applications will be accepted beginning on March 15, 2017.
To be eligible you must:
—Be a first-time homebuyer (you have not owned a home in the past three years, or owned only as a married person and are now single)
—Have an income at or below 80 percent of the area median income
—Be willing to complete four hours of homeownership counseling. (Approved counseling is offered through Mon Valley Initiative.)
Additional qualifications may apply. To apply for an FFD grant, log onto FirstFrontDoor.com to find a participating financial institution near you!