City of Philadelphia · Forgivable loan

Philadelphia First-Time Homebuyer Program

$10,000

Up to $10,000 or 6% of purchase price. Interest-free, forgiven after 15 years of occupancy.

Philadelphia's DPA programs serve buyers in Pennsylvania's largest city. Philly's diverse neighborhoods offer housing at prices far below New York or DC, making it one of the most accessible major East Coast cities for first-time buyers.

Amount$10,000

TypeForgivable loan

Available inPennsylvania

First-time buyer requiredYes

Minimum credit score620

Multi-unit eligibleSingle-family only

Programs that pair with this

FHA Loan Saves ~$33,000 on a $200K home vs 20% down

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PHFA K-FIT (Forgivable in Ten Years) 5% of price — no cap. $20K on a $400K home, fully forgiven

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PHFA HOMEstead $10,000

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PHFA Keystone Advantage $6,000

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