Home Ownership Program

Father and daughter outside their home smiling

The Home Ownership Program provides affordable purchase financing options to put home ownership within reach. The program is designed for eligible borrowers and/or properties:

Eligible borrowers1

Borrowers must be at or below 80% of the area median income

Eligible properties2

One-unit, single-family, owner-occupied primary residence

Home Ownership Program Benefits

The dream of owning a home can become a reality. These features combined with S&T’s dedicated mortgage bankers, make home ownership accessible and more affordable than you may think.

  • Fixed interest rate

  • Up to 97% loan-to-value

  • Discounted document preparation fees

  • No mortgage insurance requirement

  • Up to $5,0003 toward closing costs for eligible borrowers

  • Minimum borrower contribution is $500

  • Fannie Mae Homebuyer course required for first-time homebuyers

Christian Blackwell, Community Mortgage Lender

4341 Ridge Ave, Philadelphia, PA  19129


NMLS ID 1154015

Reach out to Christian for more information.


Christian Blackwell CRA Mortgage Banker photo

David McGowan, Community Mortgage Lender

12262 Frankstown Road, Pittsburgh, PA  15235


NMLS ID 1912349

Reach out to David for more information.

David McGowan CRA Mortgage Banker photo

Eric Harris, Community Mortgage Lender

4385 Old William Penn Hwy, Monroeville, PA 15146


NMLS ID 24450

Reach out to Eric for more information.

Headshot of Eric Harris


Many sellers will require a pre-qualification letter before accepting an offer. This provides assurance to the seller that you will likely be approved for financing. A pre-qualification is a letter indicating that the lender is tentatively willing to provide financing to you based on the information you provided about your financial situation, and it is not a guarantee for financing.

Getting pre-approved for a mortgage loan requires a hard inquiry on your credit file. It is possible for your credit score to decrease, especially if you have your credit pulled from multiple organizations in a short period of time. The decrease in credit score is minimal and only temporary. Getting pre-approved is a great way to understand your budget and empower you on your home search. Sellers often consider offers from pre-approved borrowers more seriously, so don’t be deterred from getting a pre-approval

To best understand your down payment, you will need to speak with a mortgage banker. S&T Bank has many mortgage loan options, including programs with low down-payment requirements. Your mortgage banker will help you select an option that best meets your unique situation.

Yes, S&T’s Home Ownership Program is specifically designed for low-income borrowers. Contact a mortgage banker today to learn more about the loan options that will best meet your needs.

1Eligible borrowers must have an income at or below 80% of the area median income designated by Fannie Mae. They must also meet eligibility requirements including, but not limited to, being owner-occupants.

2Eligible properties must be located in a low or moderate census tract within S&T Bank’s assessment area. If located in this area, no income limitations apply.

3The funds will be provided as a lender credit. Program funds can only be used for nonrecurring closing costs including title insurance and recording fees. The funds cannot be applied toward down payment, prepaid items or recurring costs, such as property taxes and insurance. Borrowers cannot receive program funds as cash back. The funds may be considered taxable income and a 1099-MISC may be issued, consult with your tax advisor.

Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice.

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