09/12/2026
Hey South Philly! If you are paying $2,100 a month in rent in South Philly, read this. Have you been dreaming about buying a home but need financial assistance?
There is a house for Sale in West Passyunk where the total cash to close is $5,866 and the monthly payment is $2,219. Meridian Bank is offering $14,250 toward your down payment or closing costs. Combined with a seller credit you have two options to choose from.
Option 1: A below market rate at 5.875% (6.400% APR)
Option 2: $14,250 toward your down payment or closing costs.
Two friends could buy this house together and neither one would ever share a bathroom.
Apply the Homestead Exemption after you close and the tax bill drops by almost $1,400 a year on top of that.
Two bedrooms, each with its own ensuite bath, three full bathrooms total, finished basement, private patio, renovated throughout.
Read the full breakdown of both financing options at my blog post: https://agent215.com/blog/buy-this-south-philly-rowhome-for-under-dollar6k-out-of-pocket
Not sure if you qualify? That is a ten minute phone call, and it is free. Message me and I will connect you with the lender.
Tom Englett, Compass RE | (215) 284-9432