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Pennsylvania Housing Finance Agency (PHFA)
PA Keystone Home Loan Program
PA Keystone Assistance Loan Program
All adult occupants may not have had an ownership interest in their primary residence in the last three years, nor may they have a present interest in any other real estate, except for a business property if the business is that person’s primary source of income. This applies even if the buyer is a purchasing a home in a targeted area under the Keystone Home Loan. Household liquid assets may not be greater than $5,000 after deducting the funds needed to close on the loan. This includes cash and funds in checking and savings accounts, stocks, bonds, certificates of deposit, and similar liquid accounts. Funds from retirement accounts such as 401(k)s, IRAs, and pension funds will only be considered if they can be withdrawn without a penalty due to borrower meeting age requirement and/or being retired. The following county programs have been approved for use in conjunction with a PHFA home loan. CLICK HERE FOR THE LIST: List of County and Local Assistance Programs Adams CountyAdams County Housing Authority ALLEGHENY COUNTY, PA - First Time Homebuyer ProgramAllegheny County offers a mortgage program for first time home buyers and non-first time home buyers who purchase in in certain areas of Allegheny County designated by census tract. This program is available for all municipalities in Allegheny County with the exception of the City of Pittsburgh. Allegheny County also has a closing cost assistance program for eligible applicants. Click on this link for the income, sales price and additional requirements: Allegheny County 1st Time Program.pdf. This link will redirect you to the Allegheny County web site: Allegheny County First Time Home Buyer Web Page CITY OF PITTSBURGH - Pittsburgh Homeownership Program ( PHOP )The City of Pittsburgh offers financing for the first time homebuyer who purchase a single family home. As with the other bond programs, this program is limited to participating lenders. Some areas of the City of Pittsburgh are deemed to be "targeted", meaning, the buyer is not required to be a first time home buyer in these targeted areas. If the link is broken to the first time home buyer program, go the URA web site. PHOP Home Page
BANK PROGRAMS - ( CRA )
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Top of Page The calculators are made available to you as a self-help tool for illustrative use only. Examples are hypothetical. We can not and do not guarantee the applicability or accuracy in regards to your individual circumstances. I encourage you to seek personalized advice from qualified professionals. |
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