FHA & PHFA Programs

It's great to have options with features that work to your advantage. Our experienced team of mortgage experts are happy to explain each loan - including the pros and cons - to help you lock in the one that fits your lifestyle and makes good financial sense.

FHA (Federal Housing Administration):
A Federal Housing Administration loan is insured for the lender by the FHA and requires the buyer to carry mortgage insurance through FHA. Other considerations:

  • Requires a 3.50% minimum down payment
  • Down payment and closing costs may be a gift or loan from a relative
  • Seller assist up to 6%
  • Financing for one to four unit owner-occupied properties

PHFA (Pennsylvania Housing Finance Agency):
This option is great for Pennsylvania first-time homebuyers and offers:

  • Low interest rates
  • Higher loan to values
  • Possible assistance with the Keystone Plus program

VA (Veterans Administration):
This option is for qualified veterans

  • Up to 100% financing

USDA (United States Department of Agriculture):

  • Up to 100% financing for properties that qualify
  • Seller assist to 6%

Talk to a Mortgage Loan Specialist today!

Rates and terms are subject to PHFA, FHA, VA and USDA underwriting guidelines.

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