planning: Loans and Grants

Montgomery County, PA

P.O. Box 311, Norristown, PA 19404-0311
Courthouse Hours: 8:30a.m. to 4:15p.m.
Phone: 610-278-3000
Website: www.montcopa.org

Loans and Grants
House Keys 4 Employees (HK4E) (Maryland)
This program enables eligible homebuyers to receive additional down payment or closing cost assistance, as long as participating employers makes a contribution toward the homebuyer’s costs.  Maryland’s Department of Housing and Community Development makes a matching contribution, up to $5,000, which is a zero percent deferred loan that is repayable at the time of sale or transfer of the house, mortgage payoff, or refinancing.  Click here for more information on this program.
 
Home in the City – Lancaster General Hospital (Pennsylvania)
Home in the City started in November 2006 and consists of three programs:  mortgage insurance, settlement assistance, and “Curb Appeal.”  The programs are based in two residential areas closest to the hospital.  Depending upon eligibility, a full-time employee at the hospital could be eligible for private mortgage insurance coverage, a deferred payment loan of up to $10,000 for down payment and closing costs (forgiven over five years), and a deferral payment loan up to $2,500 toward exterior improvements to the real estate (also forgiven over five years).  For more information, visit the Lancaster General Hospital Web site.