Aside from the PHFA first-mortgage, some individuals may be eligible for downpayment and/or shutting expenses assistance through the Keystone Advantage services Loan or perhaps the HOMEstead regimen.
The program definitely right for you will depend on your particular conditions, such as your credit history and amount of cash savings, along with your specific needs. A PHFA recommended homebuyer degree company or participating loan provider can help you choose.
If you’re not certain where to begin, we indicates visiting our very own “Start Here” page for Homebuyers.
HFA PreferredTM (Lo MI)
The Pennsylvania construction funds company provides a conventional financing merchandise that is designed particularly for HFAs (homes financing firms). The product provides a totally amortized 30 12 months solved price term. PHFA offers this system through a network of authorized participating lenders, with PHFA as the servicer. Put another way, you’ll work with a lender up through mortgage closure, but is likely to make the monthly installments to PHFA the lifetime of your loan. Read more