• All homes must be located in the City of Williamsport Corporate limits. 
• The purchase price may not exceed 95% of the 203(b) limits for Williamsport. (FHA pre stimulas 2008 standard is $200,160)
• The home must be a single family unit.
• The home must pass a city occupancy inspection.
• The applicant must obtain the maximum private funding available (at least 80% of the purchase price) from private financing sources such as banks, credit unions... OBTAINING PRE APPROVAL OF FIRST MORTGAGE FINANCING IS STRONGLY RECOMMENDED
• The applicant must contribute at least 4% of the purchase price in to the project.  City funding may not exceed 20% of the purchase price. 
• Standard banking and credit inquiries are done as part of the City application process.  Credit status and income are verified and are an important consideration.
• The City funds are available as a 0% interest, deferred repayment loan.
• The property must be the primary residence of the buyer and remain your primary residence for the loan term.