
Down Payment and Closing Cost Assistance
Financing for first-time homebuyers in the City of Pittsburgh
The Down Payment and Closing Cost Assistance Program (DPCCAP) provides financial assistance to eligible first-time homebuyers in the City who are interested in purchasing an existing or newly constructed residential unit.
What types of loans and repayment options are available through DPCCAP?
- First-time homeowners under 80% of the Area Median Income (AMI) can receive up to $7,500 for down payment and closing cost assistance in the form of a 0% interest, 5-year deferred loan.*
- First-time homeowners between 80% AMI and 115% AMI can receive up to $5,000 for down payment and closing cost assistance in the form of a 0% interest, 10-year deferred loan.*
- No payments are made during the term of the loan if residency requirements are met.
*Please refer to this chart to check your eligibility.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Eligibility Requirements
- The borrower’s annual gross household income may not exceed 115% of the AMI.
- The borrower must be purchasing the home as their primary residence and have their name on the deed.
- The borrower must not have any outstanding City, School, and County real estate taxes, or the borrower must be on a payment plan for at least six months.
- The borrower's lender must complete the application. The lender will submit the application into the URA on the borrower's behalf.
- The borrower must complete a U.S. Department of Housing and Urban Development (HUD) Certified First-Time Homebuyer Course administered by a HUD certified counselor.
- The URA must receive the application at least 21 days prior to the desired closing date.
Eligible Properties
- A permanent structure used primarily for year-round residential use. If the property to be improved is vacant, the borrower must certify in writing prior to closing his/her intent to occupy the property within 30 days upon work completion.
- Each property may contain up to two connected dwelling units (i.e., duplex, townhouse), one of which must be owner-occupied.
Program Materials
Download Program Summary - English
Download Program Summary - Arabic
Download Program Summary - Chinese
Download Program Summary - Nepali
Download Program Summary - Portuguese
Download Program Summary - Russian
Download Program Summary - Spanish
Download Program Summary - Swahili
Language translation is available free of charge. Please send an email to translation@ura.org.
2020 HUD Approved Housing Counseling Agencies
Download Application: Down Payment/Closing Cost Assistance Application
Contact
If you would like to submit an application, have questions or need assistance, please contact:
Phone: 412-255-6694, ext 6721
Email: hof@ura.org
Read Stories
- Noah Rectenwald, 100th Recipient of the DPCCAP, Has Positive Experience Buying Home
- Celestin Uwintonze Improved Credit and Bought a Home with the Help of HOF
- Susan Smith Credits Housing Assistance as Life-Changing
-
HOF Celebrates One of First Participants in the Down Payment and Closing Cost Assistance Program
For more information, please contact Natalie Lopez, Program Assistant, at 412.255.6574 or via email at nlopez@ura.org.