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First-time home buyer programs in Drexel Hill, PA

Quick answer

First-time buyers in Drexel Hill, PA can use 3%-down conventional loans (up to the $832,750 Delaware County conforming limit), 3.5%-down FHA, or VA and USDA where eligible, plus 1 verified city, county or statewide assistance program. On the $239,900 median home, 3% down is about $7,197 and the estimated payment is $2,044/month at 7.18%.

By Purchase Mortgage Loan Editorial Team Checked against official sources per our editorial standardsData last updated

Median household income: $87,993; value-to-income ratio 2.73. Drexel Hill ranks 24 by home value and 18 by population among 87 places in our PA dataset.

What does a first-time buyer loan cost on a typical Drexel Hill home?

ItemDrexel Hill
Median home value (Census ACS)$239,900
Pennsylvania median home value$240,500
Down payment (3%)$7,197
Loan amount$232,703
Estimated monthly payment (PITI + MI)$2,044
Income needed (28% / 36%)$88,000 / $69,000
Delaware County 2026 conforming limit (1 unit)$832,750
Max purchase price at the limit$858,000

Rate assumption: 7.18% (Freddie Mac PMMS 30-year fixed average, week of November 5, 2026). Change it in the payment calculator.

Payment includes Pennsylvania's 1.35% effective property tax rate (Census ACS), $1,217/yr homeowners insurance (NAIC state average) and an estimated 0.5% PMI.

What is the 2026 conforming loan limit in Drexel Hill?

Drexel Hill is in Delaware County. Conventional 3%-down loans go up to the $832,750 conforming limit (price ≈ $858,000); FHA loans go up to $630,200.

The Drexel Hill median home value of $239,900 is 0% below the Pennsylvania median, and within what the county limit supports.

Which down payment assistance programs can Drexel Hill buyers use?

First-time buyer loans in nearby cities

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First-time buyer loan FAQs for Drexel Hill

On the $239,900 median: 3% conventional ≈ $7,197, 3.5% FHA ≈ $8,397, and 0% for eligible VA or USDA buyers. Conventional loans above $832,750 in Delaware County become jumbo loans.

At the $239,900 median value (close to the Pennsylvania median of $240,500), the estimated payment of $2,044/month at 7.18% needs about $88,000 a year under the 28% housing guideline, or $69,000 if your total debts stay under 36%.

0 city-level, 0 county-level and 1 statewide programs are verified for this city (1 total). Check each official administrator's eligibility rules and available funds.

Sources

Data last updated October 23, 2026.

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Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.