New homebuyer assistance program launches in Pittsburgh region, aims to make ownership more accessible

Central Florida housing The real estate market in Central Florida typically cools down in the fall and into the holidays. But this year, it’s red hot and getting hotter. (wftv.com)

By Patty Tascarella – Senior Reporter, Pittsburgh Business Times

PITTSBURGH — NeighborWorks Western Pennsylvania on Monday announced a new down payment and closing cost assistance program aimed at making home ownership more accessible to low- and moderate-income households across the region.

The standard fixed-rate, second mortgage loan is available to eligible first-time homebuyers in western Pennsylvania whose income does not exceed the program guidelines. The property must be a primary residence single-family dwelling to be occupied by the owner.

NeighborWorks Western Pennsylvania is partnering with Pennsylvania Home Lending Collaborative and Neighborhood Housing Services of Greater Berks, a fellow NeighborWorks America network member, to bring the loan program to the Pittsburgh metro.

Read more from our news partners at the Pittsburgh Business Times.

This browser does not support the video element.