Ryan Myers

Congratulations on deciding to buy a house, this is a great market to do so. As for where here is what DE offers/ did offer;
Government Grants for first time home buyers, make up the second type of down payment assistance. They have no seller conditions or contribution requirements. The only requirement to satisfy government assistance housing guidelines is that your family income must meet the stipulated minimum, which varies according to the number of your dependents and the median income for the area in which you intend to purchase
Typical Disqualifications:
• Excessive Income
• Default on a Government Loan
• Tax Liens
• Bankruptcy discharge not 24 months old
• Unpaid Child Support
• Prior Foreclosure
• The Home Buyer has owned a home within the last three years
Charity Down Payment Assistance Programs the democratic lead congress and the democratic lead senate passed legislation which was signed by President Bush eliminating seller assisted down payment assistance opportunities effective September 30, 2008. This elimination of Seller Funded assistance was packaged by your representatives within a foreclosure bailout legislation
PA has some programs as well and with everything going on with the Mortgage market it is easier to take a few minuites on the phone with a PA lender to see what is the best option.

Also keep in mind buying this year you can take advantage of the 7500.00 tax credit on April's Tax Return

Hope this helps a little....Ryan - Tue Sep 30 2008, 19:44

Hello Chris,
Honestly if you have the means to buy in this market dont wait, the Philly region is seeing at least 4% increases in home values each year. We are in a great market to buy a home for what a home is used for... to live in, raise a family, enjoy comfort, and build equity.. we are obviously in a buyer market with a little over 9 months of inventory, so buying anytime during this period will allow you to experience home ownership and live in your investment as it slowly grows in value.. hope this helps a little.. Have a great week. Ryan M - Wed Apr 30 2008, 20:03

Keitha, congradulations on deciding to purchase a home and you even have an idea of where you want to be. As you review all the answers keep in your thoughts 79% of all buyers use a real estate agent.. moving to a new area a great agent will assist you in locating, previewing, and verifying a property its condition and its future saleability. Interview at least 3 agents and pick the one that listens to you and your comfortable with. Think of it like picking a date... I am sure you will receive lots of tips and find a great agent. Once again congradulations and have a safe and stress free move...:) - Fri Apr 25 2008, 18:20