Neighborhood Development Corporation
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Qualifying first-time homebuyers may receive a low interest loan or grant through the corporation of up-to $2,500 to cover closing costs needed to close their mortgage deal.
ELIGIBILITY FACTORS: 1) Must be a first-time home buyer (not owned property in the past 3 years) 2) Must be purchasing property in the Center City Boundary Area 3) Must secure private mortgage financing with acceptable terms 4) Must own and occupy and primary residence for 5 years 5) Must complete Center City's First-time Homebuyer Education Series 6) Must meet Income Guidelines:
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