Why does this become important? Because if you can't meet the underwriting criteria in the prime industry, you'll never have access to the opportunity to be a homeowner. Next, Philly First Home...offers home buying assistance grants to first time home buyers, reducing the principal and covers down payment and loan closing costs. You can earn up to 100% of the AMI and you can get grants for those closing costs and down payment assistance up to $10,000 or 6% of the home's purchase price. (12:30–12:44)
CLAIM
Asserts that Philly First Home provides grants for first-time home buyers.
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