in this section
Urban Redevelopment Authority of Pittsburgh
Consumer Home Financing
Home Mortgages:
Second Mortgage Financing
Deferred mortgages on selected properties whose development is sponsored by the URA
What are the Program Features?
- 0% interest, deferred second mortgage loans for the purchase of URA-supported single family homes for sale.
- Loan is repaid only upon sale or transfer of the property or 99 years, whichever occurs first.
- Loan can be used in conjunction with a URA PHOP first mortgage.
What are the Requirements?
- Property must be a URA-supported single family home, not available with any other properties
- Borrower must be credit worthy
- Income limits apply and depend on whether the home is newly constructed or newly rehabilitated
- Borrower may not have received a second mortgage loan from the URA within the last five years
How Do I Apply?
If you are interested in purchasing one of the eligible properties, contact the realtor or sales agent for the particular property to see if you would qualify for the program. See the Application Evaluation Form (PDF file, 43 Kb, 8 pages).
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For more information about the program, contact any one of the participating lenders or the URA Program Officer, Alicia Majors at 412-255-6698 or
.