There are a few options for Buyer's in Lehigh & Northampton County. I believe this is the best kept secret in the Lehigh Valley Area when it comes to helping buyer's with purchasing a home. Currently there is little marketing for this program, in my opinion and the requirements you must meet to participate with the programs are worth checking out.
HOOP Program = HomeOwnership Outreach Program - Local Lehigh Valley Program
This Program is offered by the Neighborhood Housing Services of the Lehigh Valley, Inc. 239 North 10thStreet Allentown, PA 18102 610-437-4571 ATT: Rosa Gomez Home outreach Coordinator.
Lehigh County Area Program Features: Without getting too detailed. Depending on your income and family size, they will help subsidize down payment and closings costs for purchasing homes in Lehigh County (Schnecksville, Egypt, Coplay, Catasauqua, Fountain Hill, Coopersburg, Whitehall, Emmaus, Trexlertown, Macungie, Alburtis, Wescosville, Fogelsville, Salisbury, Slatington etc.) Properties in the cities of Allentown and Bethlehem are not eligible for this program. Lending Institutions must provide 95% of the purchase price. The HOOP program will provide the remaining 5%, plus all the closing costs at 0% interest, with the exception of private mortgage insurance and no more than one point. The HOOP loan will be 100% forgiven after 5 years of ownership occupancy! THERE ARE OTHER QUALIFICATIONS FOR THIS PROGRAM. Please contact me if you would like to get pre-qualified for this program or would like my guidance in purchasing your future home.
Allentown, Bethlehem, Easton and Northampton County Program Features:Without getting too detailed. Depending on your income and family size, they will help subsidize down payment and closing costs for purchasing a home in the City of Allentown, City of Bethlehem, The City of Easton and Northampton County. Lending institutions will provide 90% of the financing. The HOOP program will provide the remaining 10% plus closings costs. The HOOP loan will have an interest rate of 3% with a max term of 30 yrs. Upon sale of the property, the balance of the HOOP loan and any interest and late charges accrued must be paid to HOOP. The HOOP funds will be secured as a second lien mortgage. THERE ARE OTHER QUALIFICATIONS FOR THIS PROGRAM.
Lehigh & Northampton Over 80% (higher Income Limits) Program Features:Without getting too detailed. Depending on your income and family size, they will help subsidize down payment and closing costs for purchasing homes in the cities of Allentown, Bethlehem, Easton and the counties of Lehigh & Northampton. You must get a loan from a lender for 95%, qualified applicants are eligible to receive 5% loans for the remaining 5% of the purchase price plus closing costs. The loans will have a max term of 30 yrs and will be secured as a second lien mortgage. Upon sale of the property, the balance of the loan and any interest and late charges accrued must be paid to HOOP. THERE ARE OTHER QUALIFICATIONS FOR THIS PROGRAM. Please contact me if you would like to get pre-qualified for this program or would like my guidance in purchasing your future home.
MORE BLOGS COMING: - UPDATED: 10-17-08 They are here! Click below!
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I hope this information was helpful!
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