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First Time Home Buyer Programs is There Money Available

Real Estate Agent with HomeStarr Realty RS143922A

Listen up, potential homebuyers! The benefits of getting pre-qualified for a mortgage are not to be underestimated. By knowing how much you can afford before you start house hunting, you can avoid the disappointment of falling in love with a home that's out of your reach. It's a crucial first step that can save you time, energy, and heartache.

It will undoubtedly not be very pleasant. So, let's start at the beginning. Most people, as much as they think, will only stay in their first home for five to seven years. Their situations change, and they usually outgrow the house. 

I'll be sure to get to my point, and then I'll let you go. Are you aware there is money available if you qualify for first-time home buyers? You may qualify for up to 5% or more of the home's purchase price. If you stay in the home for 10 years, you do not have to pay this money back. If you do not stay in the house for ten years, the money is pro-rated when you do sell. This money is a State Bond Program. I used to shudder when I heard this and think it would take forever to get these loans processed but things have changed.

It is so important that when you are thinking of buying a home you take the right steps and start at the first step. Then take it one step at a time find the fight agent to represent you and the rest will be easy.   

Just another day in the life a Real Estate Agent 

News Stations Need To Provide Accurate Information to The Public

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Hannah Williams is known throughout Philadelphia as HelpfulHannah – and if you’ve spent more than five minutes with her, you know exactly why. She’s an expert at anticipating people’s needs, she has a real feel for real estate, and she’s an accomplished problem-solver.

Hannah has been helping people buy and sell homes all over Philadelphia since 1984. Many of her clients purchased their first, second and even third homes with her expert help, and Hannah wouldn’t have it any other way.


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Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate (435) 632-9374 - St. George, UT
St. George Utah Area Residential Sales Agent

Starting out knowing what to expect when looking to purchase a property is so important, Hannah. Hope this post makes your phone ring!

May 20, 2024 06:20 PM
Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Wanda Kubat-Nerdin - Wanda Can! It is so important for first-time home buyers to know where to start when looking for a home. So many just start looking at open houses or call an agent and look at a house that they think they may like. In our area there is first time buyer money available 

May 20, 2024 06:29 PM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

It’s important to give people hope who want to actually own a home although I don’t put those people under any pressure. bullshit people should ultimately do what they want to do, but if they want to have a home, they should be able to have a home without been put out in any kind of uncomfortability.

May 20, 2024 08:25 PM
Hannah Williams

Laura Cerrano You certainly tell it like it is 

May 21, 2024 06:15 AM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Loved your post and the key is getting the right agent to guide and help first time home buyers, Endre

May 20, 2024 08:58 PM
Hannah Williams

Endre Barath, Jr. There is money available for First-Time Qualifying Home Buyers in Pennsylvania and so many are letting it slip out of their fingers 

May 21, 2024 06:17 AM
Richard Weeks
Dallas, TX
REALTOR®, Broker
Great information, thanks for sharing.  I hope you have a great day.
May 21, 2024 02:47 AM
Hannah Williams

Thank you Richard Weeks  I hope you also have a great day 

May 21, 2024 06:18 AM
Wayne Martin
Wayne M Martin - Oswego, IL
Real Estate Broker - Retired

Good morning Hannah. These days it is important for the mortgage broker and real estate agent to work as a team to coordinate the transaction. The price and financing package is more than just qualifying, it must meet the needs of the buyers. That is the real challenge. You nailed. it. Enjoy your day.

May 21, 2024 04:32 AM
Hannah Williams

Wayne Martin,  You also nailed it, and I have a full day planned. Thank you and have an awesome day  

May 21, 2024 06:20 AM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Getting first-time home buyers money is a wonderful thing!  I think I am almost done paying back what was given to me when I bought my first home, haha.  Of course, the following year, the money was given without having to be paid back, haha.

May 21, 2024 05:11 AM
Hannah Williams

Brian England  This money does not need to be paid back if you stay in the home for 10 years. If you sell before the 10 years, it is prorated after the sale 

May 21, 2024 06:22 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Hannah... we have quite a few first-time buyer incentive programs here, as well. The biggest problem is that many don't qualify for them based on income.

May 21, 2024 05:20 AM
Hannah Williams

Nina Hollander, Broker  This First time Home buyers program is structured so that it can be used for most first-time buyers 

May 21, 2024 06:48 AM
Kat Palmiotti
eXp Commercial, Referral Divison - Kalispell, MT
Helping your Montana dreams take root

Good morning! Knowing how much one can afford before going house shopping is a must!

May 21, 2024 05:23 AM
Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Kat Palmiotti Good Morning!  It always helps to know when there is free money available to assist you also. Don't you think so ?

May 21, 2024 06:51 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Hannah, even if they don't stay in the home for 10 years, still could really help a first-time buyer!

May 21, 2024 06:51 AM
Hannah Williams

Joan Cox The last young couple I helped received $12,000 it was a big help .



May 21, 2024 07:28 AM
Roy Kelley
Retired - Gaithersburg, MD

This is very good information to share with prospective home buyers.

Have a productive week.

May 21, 2024 08:15 AM
Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Roy Kelley  yes, it is very important Thank you for taking the time to comment 

May 21, 2024 01:56 PM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good call to action post Hannah Williams ! Its so very important to have the proper expectations when purchasing a home. Buyers call Hannah she can walk you through the process!

May 21, 2024 05:52 PM
Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Dorie Dillard Austin TX  First Time Home Buyers have options many are unaware of. These opportunities are beneficial  and may be the reason buyers may now be able to buy instead of renting 

May 21, 2024 06:09 PM
Patricia Feager, ABR,CRS,GRI,MRP
Selling Homes Changing Lives

Hannah Williams - Let's offer First Time Home Buyers hope, not excuses. Teaming up with the right Lender and Realtor is pivotal and key to succeed. 

May 24, 2024 10:30 AM