Down Payment Assistance Programs Available in PA & NJ

You Might Qualify for Help

One of the biggest barriers to homeownership is the down payment. But both Pennsylvania and New Jersey offer programs that can help cover part or all of your down payment and closing costs.

Pennsylvania Programs

PHFA (Pennsylvania Housing Finance Agency)

HFA Preferred Loan: Low down payment with reduced mortgage insurance

Keystone Advantage Assistance: Up to $6,000 in down payment/closing cost assistance (second lien, 0% interest, 10-year repayment)

K-FIT: Up to 5% of the purchase price in assistance (forgivable after 5 years)

Eligibility: Income limits vary by county and household size

Philadelphia Specific

Philly First Home: Up to $10,000 for first-time buyers in Philadelphia (grant — no repayment required)

OHCD Programs: Various grants and low-interest loans for Philadelphia residents

New Jersey Programs

NJHMFA (NJ Housing and Mortgage Finance Agency)

First-Time Homebuyer Program: Competitive rates for first-time buyers

Down Payment Assistance Program: Up to $15,000 in DPA (forgivable second mortgage)

Police and Firemen's Mortgage Program: Special rates for first responders

Additional NJ Resources

HomeSeeker Program: For buyers in targeted areas

Various county-specific programs: Many NJ counties offer additional assistance

Who Qualifies?

Most programs require:

First-time buyer status (haven't owned in 3+ years)

Meeting income limits (varies by program and county)

Completion of a homebuyer education course

Purchasing within program-eligible areas

How to Apply

The Taberne Group is experienced with all major DPA programs in PA and NJ. We'll assess your eligibility and stack programs where possible to minimize your out-of-pocket costs.