First Time Homebuyers purchasing in Lancaster City can now look in to qualifying for up to $5,000 down payment assistance through the LHOP program. These funds were initially set up for purchases outside of the city, but a portion of the funds are now available for home purchases in Lancaster City. This is a great boost for many first time buyers! Contact LHOP for information - as there may be income and other requirements necessary to qualify.
From the Lancaster Newspaper:
"Buying a first city home just got a little easier for low- to moderate-income residents.
First-time homebuyers in the city will now have access to a pool of $350,000 in assistance for down payment and closing costs through the Lancaster Housing Opportunity Partnership.
Previously the aid, which comes in the form of a $5,000 interest-free loan for those who complete an LHOP housing class, was available only to Lancaster County residents who purchase county homes outside the city.
But a new arrangement between the county and city makes it possible for the entities to share the federal housing funds that bankroll the LHOP loans."
You can read the rest of the article and information on this First Time Buyer's Assistance Program here.
You can reach me directly at 717-330-5137.
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For more information on Homes for Sale in Lancaster, or questions and/or concerns about buying or selling a home in Lancaster County PA, please contact Jeannie Kontis at (717) 330-5137 or email at Jeannie@JeannieSellsLancaster.com.
Search for Lancaster Homes for Sale at www.JeannieSellsLancaster.com
Jeannie Kontis, RealtorⓇ, is a member of the award-winning Bob Wells Realty Group of Long & Foster Real Estate, Inc, and serves buyers and sellers of real estate throughout Lancaster County.
All content Copyright â“’ 2009 Jeannie Kontis Homes in Lancaster PA - Real Estate in Lancaster County
Wow, this is great! Can people use that along with the $8K credit if they qualify?
Jeannie - who are the men in the picture?
Krista - I think they would be able to use the $8k tax credit, but it would be best for them to confirm with their accountant or with LHOP directly.
Greg - those men are my team mates - Bob Wells and Rick Brown, along with my other team mate Joan Bomba -- three of the finest partners to work alongside!
Jeannie - the man behind you looks like a former Marine. Tell him I said so. He'll like that. ;)
Greg -- He's 100% pure ARMY! Retired military, but 100% nonetheless! The haircut sort of gives it away, doesn't it?
Do you know if you can use this program in conjunction with the $8000 tax credit? I know a lot of other localities offer these programs and there is some confusion as to whether you can do both.