PHFA – Pennsylvania Housing Finance Agency Mortgages (a.k.a. Low Down Payment Mortgages with Potential Tax Credits)
The Pennsylvania Housing Finance Agency (PHFA or the Agency) offers home purchase loans and refinance loans to qualified borrowers throughout the Commonwealth, through approved lenders. This loan program offers competitive 30 year fixed interest rates, lower fees, and closing cost and down payment assistance programs.
- Home purchase and refinance options
- Closing cost and down payment assistance
- 30 year fixed-rate mortgage loans
- 1st time buyer tax credits worth up to $2,000/year on an ongoing basis
- Competitive interest rates and affordable mortgage terms set by PHFA
- Conventional, FHA, VA and USDA-RD loan types
- Free homebuyer education provided by PHFA approved counseling agencies
- Servicing provided by PHFA for the life of the loan
- Reduced PMI or No PMI options on conventional loans
- Down payment assistance can be available for those that qualify
