Introducing the First Front Door Program: Opening Doors to Affordable Homeownership

Exciting news for first-time homebuyers! Starting April 16, 2024, the First Front Door program is set to revolutionize the path to homeownership for individuals and families. This innovative initiative aims to make homeownership more accessible and affordable by offering financial assistance to qualified buyers.

What is the First Front Door Program?

The First Front Door program is a collaborative effort between participating lenders, community development financial institutions (CDFIs), and the Federal Home Loan Bank of Pittsburgh. It provides eligible homebuyers with grants to assist with down payment and closing costs, helping to alleviate some of the financial barriers associated with purchasing a home.

Who is Eligible for the First Front Door Program?

To qualify for the First Front Door program, homebuyers must meet certain criteria, including:

• Being a first-time homebuyer or not having owned a home in the past three years.
• Meeting household income limits, which vary depending on location and family size.
• Completing a homebuyer counseling program offered by a HUD-approved agency.

How Does the First Front Door Program Work?

Once approved for the program, eligible homebuyers can receive a grant of up to $15,000 to put towards their down payment and closing costs. These funds can make a significant difference in reducing the upfront expenses associated with purchasing a home, making homeownership more attainable for those with limited financial resources.

First Front Door also offers a second program that is set in place to expand homeownership opportunities for minority and first generation first-time homebuyers. Once approved for this program, eligible homebuyers can receive a grant of up to $20,000 to put towards their down payment and closing costs.

Why Consider the First Front Door Program?

The First Front Door program offers several compelling benefits for first-time homebuyers, including:

1. Financial Assistance: Receive up to $15,000 in grant funds to help cover down payment and closing costs.
2. Affordability: Reduce the upfront expenses of homeownership, making it more achievable for individuals and families with modest incomes.
3. Education and Support: Participate in a homebuyer counseling program to gain valuable knowledge and guidance throughout the homebuying process.
4. Community Impact: Support local lenders and community development by participating in a program designed to promote sustainable homeownership.

How to Get Started with the First Front Door Program

If you’re ready to take advantage of the First Front Door program and embark on the journey to homeownership, here’s what you need to do:

1. Check Eligibility: Review the program requirements and ensure you meet the criteria for participation by clicking here.
2. Complete Homebuyer Counseling: Enroll in a HUD-approved homebuyer counseling program to fulfill one of the program’s prerequisites.
3. Connect with a Participating Lender: Contact a participating lender or community development financial institution (CDFI) to learn more about the application process and begin your journey towards homeownership.

Don’t Miss Out on This Opportunity!

The First Front Door program represents a unique opportunity for first-time homebuyers to overcome financial barriers and achieve their dreams of homeownership. With grant funds available to assist with down payment and closing costs, now is the time to explore this exciting initiative and take the first step towards owning your own home. Visit firstfrontdoor.com to learn more and get started on your path to homeownership today!

👇Contact us to get a list of local FFD lenders in your area 👇

Jenn Shufran | Julia Kocher Group

Phone: (M) 814.360.9267 | (M) 814.574.1676

Email: sellinghappyvalley@gmail.com