Financing & Assistance

NWNEPA knows financing. In fact, we’ve been putting our expertise to work for the past 30 years to help families throughout our community make their dreams of homeownership and home repair come true.

In addition to tracking current products and rates available in the market for our clients, NWNEPA also partners directly with municipalities to provide services for regional First-Time Homebuyer Programs, including:

Lackawanna County First-Time Homebuyer Program

The Lackawanna County Department of Economic Development administers funding for first-time homebuyer assistance on behalf of thirty-eight municipalities within the County of Lackawanna. This program is funded through Lackawanna County’s Act 137 Affordable Housing Program.

The primary objective of the first-time homebuyer assistance program is to increase the availability and affordability of quality housing to median- and lower-income individuals/families within Lackawanna County by providing down payment and closing-cost subsidies.

Visit the Lackawanna County website to apply.

FTHB Program Guidelines

FTHB Procedures and Policies

City of Scranton First-Time Homebuyer Program

The City of Scranton First-Time Homebuyer Program provides funds in the form of a forgivable, deferred-payment loan to income-eligible, first-time homebuyers who wish to purchase a home in Scranton. These funds assist the homebuyer with his/her down payment and closing costs. Generally, the beneficiary will not have to pay any portion of this loan back to the City if he/she maintains the home as his/her primary residence
for at least five years.

The program currently provides a subsidy of up to l/2 of the down payment (maximum match dollar-to-dollar not to exceed $7,000) or 10% of the purchase price of the home, whichever is less. It also provides support for eligible closing costs up to $5,000 maximum.

For more information, call the Scranton Office of Community & Economic Development at (570) 348-4216 or visit the City of Scranton’s website to apply.

Other Financing & Assistance

Many national, regional, and local banks offer programs designed specifically for first-time homebuyers. Contact us for more information regarding the various assistance programs.

We strive to make all of our services free so anyone can have access to them. However, some of our services can have charges but we do not want this to be a barrier for you. Please contact our office to explore how we can make services affordable or wave the fees for you.