Buying a Home with PHFA or First-Time Buyer Grants in Montgomery County

Target Keywords: PHFA program Montgomery County, first-time buyer assistance

Buying your first home in Montgomery County, PA can feel financially overwhelming—but it doesn’t have to be. If you’re worried about down payments, closing costs, or rising interest rates, you may qualify for powerful assistance through PHFA and other grant programs designed to help first-time buyers get the keys to their dream home.

Let’s break down how these programs work and how to know if you're eligible.

What is PHFA?

The Pennsylvania Housing Finance Agency (PHFA) provides affordable mortgage financing and down payment assistance for qualified homebuyers across the state—including Montgomery County.

PHFA Benefits Include:

Down payment and closing cost assistance up to $10,000
Competitive interest rates
FHA, USDA, VA, and Conventional loan options
Forgivable second mortgage programs
Options for buyers with lower credit scores or limited savings

Who Qualifies?

First-time buyers (or haven’t owned in 3+ years)
Buyers who meet income limits (varies by household size and location)
Home must be your primary residence
Completion of a homebuyer education course (offered online)

Schedule a buyer consultation and we’ll walk you through whether PHFA is a fit for you.

Local Grants and Assistance for First-Time Buyers

In addition to PHFA, many Montgomery County buyers can benefit from local and lender-specific grant programs. Some include:

First Front Door Grant

Up to $5,000 for first-time buyers
Must use a participating lender (we’ll help you connect!)
Funds can be used for down payment or closing costs

Employer-Assisted Housing (EAH)

Offered by some hospitals, schools, and large local employers
Match or grant programs to help employees buy in Montco

Montgomery County Redevelopment Authority Programs

Occasionally offers targeted funds or down payment assistance based on neighborhood and income limits
Ideal for workforce housing and revitalization zones

Email me to see if any of these match your situation.

Where Can You Use These Programs?

PHFA and most grants are not limited to one specific town. That means you can use them to buy in popular communities like:

Norristown (affordable and transit-accessible)
Hatfield (great school district and starter homes)
Lansdale (SEPTA train access and growing downtown)
Pottstown (lower price point with big potential)

Looking for a list of current grant-eligible homes? Schedule your consultation and we’ll show you what’s out there.

What to Prepare Now

To get ready to apply for PHFA or grants:

Pull your recent pay stubs and tax returns
Check your credit score
Begin a savings plan (even a little helps!)
Sign up for a homebuyer education course
Meet with a lender familiar with first-time buyer assistance programs

Don’t Miss Out on Free Money

Tens of thousands of dollars in homebuyer assistance go unused each year simply because buyers don’t know what’s available. If you're buying in Montgomery County, you owe it to yourself to explore these programs and potentially save big on your home purchase.

Book your free buyer consultation now and let’s get you grant-qualified and house-hunting!