First Front Door Program
The 2023 First Front Door Program Funding Round has closed. Please check back again next year for updates about the 2024 program.
Buying your first home? Want to get up to $5,000 in cash for down payment and closing costs? PFCU offers a first-time home buyer grant program funded by FHLBank of Pittsburgh.
Through the First Front Door (FFD) Program, qualified home buyers can receive a 3-to-1 matching contribution. For every $1 you contribute, you can receive $3 in grant assistance, up to a maximum of $5,000.
Who Qualifies for First Front Door?
To qualify for the First Front Door program, you must:
- Be a first-time home buyer obtaining a conventional mortgage (which means you haven't owned a home within the past three years, or you owned a home only while married but not as a single person within the last three years. This includes a married couple if either has not owned a home in the past three years)
- Contribute personal funds as part of the down payment and closing costs
- Have household income at or below 80 percent of the area median income at the time of registration
- Complete at least four hours of home ownership counseling, including the topic of predatory lending, prior to the purchase of the home
- If a student, work at least 30 hours a week
- Close your mortgage with the lender that received approval from Federal Home Loan Bank for First Front Door grant
Benefits of First Front Door Program
By receiving a First Front Door grant as a first-time homebuyer, you will receive:
- Enhanced first-time home buyer products
- More competitive local housing market
- CRA Credit
- Stronger banking relationship
How does First Front Door Work?
Home buyers must complete a 6-step process to receive a FFD grant:
- Meet with your local PFCU Mortgage Representative to discuss eligibility
- Representative and home buyer collect financial information and submit FFD registration request
- FHLBank will process and approve the request within 10 days
- Prospective home buyer will buy their home within six months, after attending counseling
- First mortgage and eligible grant amount is provided to the home buyer
Visit First Front Door or FHLBank to learn more about the grant and eligibility.
Applying for First Front Door
Contact a PFCU Mortgage Representative at 215-934-3505.
Additional Resources