Philly First Home Grant: Up to $10,000 Toward Your First Home in PhiladelphiaBuying your first home in Philadelphia? The Philly First Home Grant can make it easier than ever.
This city-funded program offers up to $10,000 or 6% of your home’s purchase price to help with your down payment and closing costs — whichever is less.
It’s one of the most generous homebuyer grants in Pennsylvania and has already helped over 1,700 residents buy homes across Philly since its relaunch. (Source: PHDC 2025 Flyer)
What Is the Philly First Home Grant?
What Is the Philly First Home Grant?The Philly First Home Program, managed by the Philadelphia Housing Development Corporation (PHDC), provides financial assistance for first-time buyers purchasing a primary residence within city limits.
Program Highlights
- Grant amount: Up to $10,000 or 6% of the purchase price (whichever is less)
- Type: Grant – no monthly repayment unless you sell or refinance within 15 years
- Location: Must be a home within Philadelphia city limits
- Eligible properties: Single-family homes and duplexes only (no condos)
- Funding status: Available while funds last — so apply early! (Phila.gov)
Who Qualifies for the Philly First Home Grant?
Who Qualifies for the Philly First Home Grant?To qualify, you must meet all of the following requirements:
Be a First-Time Homebuyer
You must not have owned a home within the last three years.
Complete Homebuyer Counseling
Applicants must finish a one-on-one homeownership counseling session with a city-approved agency before signing an Agreement of Sale.
Approved agencies include Urban League of Philadelphia, NKCDC, and others (see full list here).
Meet 2025 Income Limits
Updated for 2025:
Household Size | Maximum Annual Income (USD) |
| 1 person | 83,600 |
| 2 people | 95,550 |
| 3 people | 107,500 |
| 4 people | 119,400 |
| 5 people | 129,000 |
| 6 people | 138,550 |
| 7 people | 148,100 |
| 8 people | 157,650 |
| (Add $9,550 for each additional household member.) (Source: PHDC 2025 Flyer) | |
How Does the Grant Work?
The grant funds are sent directly to your title company at closing and applied to your down payment and/or closing costs.
If you sell or refinance within 15 years, you may need to repay some or all of the grant.
Pro Tip: Combine this program with a low-rate mortgage from a wholesale lender to maximize savings.
Learn more in “Best First-Time Homebuyer Programs in Pennsylvania”
Real Impact in Philadelphia
Since its relaunch in 2022, the Philly First Home Program has awarded over $16.3 million in grants to 1,739 homebuyers, with an average purchase price of $193,300 and household income around $60,858. (PHDC Annual Report)
That’s hundreds of families who now own homes thanks to the city’s commitment to affordable homeownership.
How to Apply for the Philly First Home Grant
- Complete your required homebuyer counseling with a city-approved agency.
- Get pre-approved for a mortgage from a trusted lender like Loan Factory – we help compare rates from 240+ wholesale lenders so you know you’re getting the best deal. (Check rates now)
- Find a home within Philadelphia city limits and sign your Agreement of Sale.
- Submit your application for the Philly First Home Program with your counselor’s assistance.
- Close on your home and receive your grant funds at closing!
Need help understanding the process? See our step-by-step guide to applying for a home loan first time buyer.
Why Choose Loan Factory for Your Philadelphia Home Loan
Why Choose Loan Factory for Your Philadelphia Home Loan- Best Price Guarantee: If Loan Factory can’t beat your official loan offer, we’ll pay you $1,000. Terms & Conditions
- Zero junk fees and transparent pricing
- Side-by-side comparison of 240+ lenders to find your best rate
- AI-powered MOSO platform for faster approvals and real-time pricing
- Trusted guidance from Thuan Nguyen, America’s #1 Loan Officer
Apply online: www.LoanFactory.com/apply
Check your mortgage rate: www.LoanFactory.com/quote
Talk to an advisor: (660) 333-3333
→ Read more: First-Time Home Buyer Loans for Low Income Families
Ready to Buy Your First Home in Philadelphia?
The Philly First Home Grant can cover your down payment, and Loan Factory can secure you the lowest mortgage rate possible.
Start your journey today and see how much you could save with both programs combined!
→ Explore first-time buyer resources on Loan Factory Blog
Frequently Asked Questions (FAQ)
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