Pennsylvania Housing Finance Agency - PHFA

PHFA graphicThe Pennsylvania Housing Finance Agency (PHFA) offers affordable housing services to citizens of Pennsylvania.  Several mortgage programs are available for Pennsylvania First Time Home Buyers (and non-First Time Home Buyers who purchase a home in "targeted" counties"). Here are some of the loan programs offered by PHFA:

The Pennsylvania Housing Finance Agency (PHFA) offers affordable housing services to citizens of Pennsylvania. For first-time home purchasers in Pennsylvania, many financing options are available (and non-First Time Home Buyers who purchase a home in "targeted" counties"). The following are some of the loan options made available by the PHFA:

Keystone Home-Loan Program

Keystone's home-loan program includes income and sales price restrictions.
Applicants must be first-time home purchasers, unless the potential buyer(s) are purchasing a property in a "targeted" county and do not own another residential residence at the time of closing. This program is ideal for first-time home purchasers with a 20% down payment.

A first-time house buyer is someone who has not owned or held title to a primary property in the previous 36 months. There are a few of exceptions.  Read more

Keystone Government Loan Program

FHA, USDA, and VA loans are eligible for first mortgage financing under the Keystone Government Loan Program (K-Gov). There are no income or purchase price constraints in the K-Gov program, and there is no condition that you be a first-time home buyer. Read more.

HFA Preferred™ and HFA Preferred Risk Sharing™ Loans

The HFA Preferred Risk SharingTM and HFA PreferredTM loans need just a 3% down payment. The only difference between the two loans is that the HFA PreferredTM needs mortgage insurance if the down payment is less than 20%.   Read more

Keystone Advantage Assistance Loan

The Advantage assistance loan is available to buyers eligible for a PHFA government insured first mortgage (FHA, USDA/RD, VA) under either the Keystone home-loan or Keystone Government Loan programs, as well as the HFA Preferred Risk Sharing and HFA Preferred mortgage programs.

Qualified home-buyers are able to borrow a portion of the funds needed to cover their down payment requirement and/or closing-costs associated with the purchase of their home. Read more