World of Good Wednesday Blogburst - First Front Door Program

A bank in Camden, Delaware is helping first time home buyers get their first home. It's called the First Front Door Program. I've got a friend in camden and I thought this was a very good thing.

"Many people dream about owning their first home. Now the Federal Home Bank of Pittsburgh is helping to make that dream a reality for Delawareans.

"It's basically a down payment, closing cost assistance program for first time homebuyers," said David Buches.

All they're asking is that the first time homebuyer go to at least four hours of credit counseling.

"If there are some credit issues, if there are some things or questions you have about the process, if you need help or even how to look for a home...There's a lot of things you can provide that will really put you way ahead," said Mike Skipper.

Then if you qualify, the First Front Door program could give up to five thousand dollars.

"If you are looking to buy a house and you have only a thousand dollars cash that you have available or to put down for a final cost, then the Federal Home Loan Bank program would match by giving three thousand dollars toward that. You'd end up with four thousand dollars cash," Buches said.

The money is given in the form of a loan. But there's a catch. The first time homebuyer must stay in the house for five years, and they won't have to re-pay the loan. Read More...

The World of Good Wednesday Blogburst exists to bring to light the good that people, churches, organizations, and civic groups do in the world. Today we salute Federal Home Bank of Pittsburgh for helping dreams of owning a home come true.

Also please check out The Full Crush's blog for last week. He has a personal interest in the story. I had his url wrong so click over and show your support.


If you would like to join the World Of Good Blogburst e-Mail Joe at worldofgoodblogroll@yahoo.com.

Social bookmark this