How Much Money Do First-Time Home Buyers Really Need in Philadelphia? (2026 Breakdown)

How Much Money Do First-Time Home Buyers Really Need in Philadelphia? (2026 Breakdown)

Forget the 20% down payment myth! In 2026, Philadelphia first-time buyers can enter the market with as little as 3% to 3.5% down (or 0% for VA/USDA). While Philly's 4.578% transfer tax adds to closing costs, strategic seller assists and grants like PHFA can bridge the gap. Expert Shaina McAndrews breaks down how to budget $15k–$30k to turn your rental payment into home equity. Dive in!