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Updated about 5 years ago on . Most recent reply

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Marek Los
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Question about first time home buyers grant

Marek Los
Posted

Hi everyone,

Sorry if the answer is obvious, but I looked around everywhere and I can't seem to find the answer anywhere.  I currently went under contract for my first house and I will be using the first time home buyers grant (which is a $10,000 grant for first time home buyers).  I can see that it comes in the form of a forgivable loan after 5 years....does that mean that I need to own the home and live it in as my primary residence for 5 years?  I am looking to buy a multi family house and then move somewhere else after a few years, but wasn't sure if I would then need to pay the grant back.  Thanks!

Most Popular Reply

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Joe P.
  • Philadelphia, PA
1,099
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Joe P.
  • Philadelphia, PA
Replied

Marek -- could you describe the grant itself you are planning to get? If we know which one and can read up on the rules, we can answer your questions.

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