Countywide Homebuyer Assistance Program

The Redevelopment Authority of the County of Washington has established the Homebuyer Assistance Program to assist first-time homebuyers in attaining their goal of home ownership by providing financial assistance for the purchase and rehabilitation of eligible housing units.

Basic Eligibility Requirements:

1.  Annual household income must not exceed 80% of the Median Family income for the Pittsburgh    MSA as determined by HUD and adjusted based on family size. Note:  Income limits are subject to change.

Family of 1 – $42,600                    Family of 2 – $48,650                   Family of 3 – $54,750

Family of 4 – $60,800                  Family of 5 – $65,700                 Family of 6 –    $70,550

2.  The first- time homebuyer must not have owned a housing unit within the past 3 years unless she/he is a displaced homemaker.

3.  Homebuyers must have the financial capability to provide cash payment of 3% of the purchase price of the housing unit for the purchase.

4.  Moderate income homebuyers must have the financial capability to obtain an 80% mortgage from a participating lending institution.

5.  Low income homebuyers must have the financial capability to obtain a 71% loan from a participating lending institution.

6.  Homebuyers must successfully complete the Pre-purchase counseling class.

7. House Purchased must be occupied as the primary residence and the value after rehabilitation mus not exceed $152,000.

All eligibility requirements must be met for participation.  This includes requirements not listed above but included in the H.A.P. guidelines.

What to expect: Once we receive your pre-application, we will send you a letter stating that we have received your pre-application and that you have been placed on our waiting list.

When funding becomes available, a Rehabilitation Specialist will contact you to start processing your application.

 

Countywide Homebuyer Assistance Program Pre-Application

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Countywide Homebuyer Assistance Program Guidelines

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