1 Mar

fifththird

The Homeownership Affordability Fund (HAF) and PCRG, with support from Fifth Third Mortgage Company, will offer first-time homebuyers the final piece of financial assistance they may need to purchase a home affordably.  This program will be available exclusively to eligible Fifth Third Mortgage Company borrowers.

PCRG, in conjunction with Fifth Third Mortgage Company, will provide up to a $1,500 down payment or closing cost assistance grant to eligible Fifth Third Mortgage Company borrowers.  The grant consideration and approval process will be the sole responsibility of PCRG; Fifth Third Mortgage Company personnel will not be involved in the income eligibility verification for the grant.

To be eligible, grant applicants must:

  • Have household incomes at or below 80 percent of the area median income, as defined by the U.S. Department of Housing and Urban Development (HUD);OR
  • Be borrowers purchasing a home in low-to moderate-income census tracts;

Funds only available to Fifth Third Mortgage Company borrowers as noted above.

For information regarding the steps for approval, click here.

Contact your local Fifth Third loan officer or Rachel Rue at PCRG (412-391-6732 ext. 202 or rrue@pcrg.org) for more information.

*The applicant’s mortgage loan application will continue to be processed even if the applicant is not approved for the grant fund, unless the mortgage loan application is withdrawn by the applicant.  If the grant application is denied, the applicant will be responsible for ensuring sufficient funds are available for down payment and/or closing costs related to the pending mortgage loan.

The information contained is subject to change without notice.  Loans are subject to credit review and approval. Fifth Third Mortgage Company, 5001 Kingsley Drive, Cincinnati, Ohio 45227 an Illinois Residential Mortgage Licensee.  Fifth Third Mortgage is the trade name used by Fifth Third Mortgage Company and Fifth Third Mortgage-MI, LLC.  Fifth Third and Fifth Third Bank are registered service marks of Fifth Third Bancorp. Member FDIC. Equal Housing Lender.