Register for Your TTK Account
Create your Turn the Key account.
How It Works
CHECK MY ELIGIBILITY
From Interest to Homeownership.
Buying a home can feel complicated. We make the next steps easier to understand.
Minority Women in Development develops new-construction Turn the Key homes in Philadelphia while helping interested buyers understand the steps, requirements, and preparation that may move them toward homeownership.
Turn the Key
Income Guidelines
Income is calculated using gross income for all members of the family who will live in the home.
| Family Size |
Maximum Annual Household Income |
|---|---|
| 1 | $85,900 |
| 2 | $98,200 |
| 3 | $110,500 |
| 4 | $122,700 |
| 5 | $132,600 |
| 6 | $142,400 |
| 7 | $152,200 |
| 8 | $162,000 |
| More than 8 |
Add $9,800 per person |
Turn the Key Eligibility
Am I Eligible for Turn the Key?
See if you may meet the basic requirements.
Turn the Key is designed to help eligible Philadelphia residents move toward homeownership. If the following applies to you, you may be a good fit for the program:
1.
You’re a first-time homebuyer.
This includes buyers who have never owned a home, or who have not owned a home during the three years prior to applying for Turn the Key.
2.
You’re willing to complete one-on-one homeownership counseling.
Buyers are required to participate in Turn the Key-approved counseling as part of the homebuying process.
3.
Your household income falls within the program guidelines.
Household income must be at or below 100% of the Area Median Income (AMI) based on the size of your household.
Preference is given first to income-qualified City of Philadelphia employees, followed by other income-eligible households.
Your Turn the Key Roadmap
One Step at a Time
You do not go from “interested in buying a home” directly to settlement.
Turn the Key follows a defined process designed to help buyers complete the education, documentation, counseling, income certification, and financing steps required before purchasing a home.
01
Phase One
Get Started & Complete Your Documents
Complete the Interest Form
Submit your initial program information.
Complete Your Application
Provide the information needed to continue.
Complete the Webinar
Obtain your required PHFA certification.
Upload Your Documents
Upload income documents and your PHFA certificate.
02
Phase Two
Counseling & Mortgage Readiness
6
Document Check
Are all required documents uploaded?
Housing Counseling
Complete Your Second Counseling Session
Continue working through the Turn the Key counseling process.
8
Readiness Check
Are you mortgage ready?
03
Phase Three
Approval, Home Selection & Settlement
Turn the Key Approval
Receive approval and an introduction to a participating developer.
Find a Home & Obtain Financing
Select your home and secure the financing required to purchase it.
Go to Settlement
Complete your purchase and take the final step toward homeownership.
Congratulations!
From Interest to Action
Your Homeownership Journey Can Start With One Small Step.
You do not need to be mortgage-ready today. You do not need to understand every part of the process. You just need to know where to begin.
Learn the requirements. Understand the roadmap. Ask the questions. Then take the next step that makes sense for you.