PHFA Keystone Advantage Assistance Loan Program
Pennsylvania Housing Finance Agency offers Keystone Advantage Assistance Loan Program to home buyers in Pennsylvania: the most you can get is 4% of the purchase price or value, and never more than $6,000, as a repayable loan.
- Amount
- The most you can get is 4% of the purchase price or value, and never more than $6,000
- Type of help
- Loan you repay
- Only for first-time buyers
- No
- Your credit score
- At least 660
How do you repay PHFA Keystone Advantage Assistance Loan Program?
You pay this loan back monthly over ten years, at 0% interest.
With a repayable loan, you take on a small second mortgage and make monthly payments, usually combined with your main home loan payment.
Who's eligible for PHFA Keystone Advantage Assistance Loan Program?
- It matches the PHFA main home loan you have.
- Being a first-time buyer isn't required.
- Your credit score must be 660 or higher.
- You pair it with one of these first mortgages: HFA Preferred, Keystone Government, or Keystone Home loan.
Your county and household size set most of the limits. Use our HUD income limit tool to see the median income for your area and how your household compares.
Applying for PHFA Keystone Advantage Assistance Loan Program
- Apply with an approved lender together with your home loan, since Pennsylvania Housing Finance Agency pays this help through lenders it has approved.
- Your lender reviews your income, your credit and the home against the rules of the program, then sets aside the money for you.
- You receive the money at closing, and it goes toward your down payment and your closing costs.
Check the full rules and find out if applications are open on Pennsylvania Housing Finance Agency's page for Keystone Advantage Assistance Loan Program, or use the agency's participating lenders list to pick a lender.
Questions about PHFA Keystone Advantage Assistance Loan Program? Ask a lender
Tell us where you're buying and a lender that works with Pennsylvania's programs can tell you whether PHFA Keystone Advantage Assistance Loan Program fits you, and what you could combine with it.
Would you rather skip the phone? Share your information, and the lender will contact you.
More first-time buyer programs in Pennsylvania
- PHFA Grant:
Grant of up to $500.
- PHFA Keystone Forgivable in Ten Years Loan Program (K-FIT):
Forgivable loan, at most 5% of the purchase price or value.
- PHFA Keystone Due At Time of Expiration (K-DATE):
Deferred loan, at most 8% of the purchase price or value.
- PHFA Access Downpayment and Closing Cost Assistance Program:
A deferred loan worth up to $15,000.
Every Pennsylvania first-time home buyer program · Down payment help in every state