LHOP provides down payment and closing cost assistance up to $5,000.00 ($10,000.00 in Columbia Borough) in the form of a 0% interest loan with no monthly payments. These loans are provided in combination with mortgage products offered by Partner Lenders to purchase homes located in Lancaster County and at the minimum meet FHA requirements.
Loan approval is subject to overall availability of funds and individual eligibility for the Loan Program.
Participants wishing to be considered for a Loan are encouraged to contact a Partner Lender as soon as possible to discuss approval and qualification criteria. For more information, read LHOP’s Eligibility Requirements ENGLISH 4-2017
Borrowers wishing to be considered for a loan must complete the Home Buyer Course prior to signing a Sales Agreement.
Real Estate transactions wishing to utilize LHOP funds must include an LHOP ADDENDUM (LHOP Realtor Version) to the Standard Agreement for the Sale of Real Estate and must be structured to allow for at least 60 days to close.