PHFA Keystone Due At Time of Expiration (K-DATE)
Pennsylvania Housing Finance Agency offers Keystone Due At Time of Expiration (K-DATE) to home buyers in Pennsylvania: 8% of the price or value is the maximum, as a deferred loan.
- Amount
- 8% of the price or value is the maximum
- Type of help
- A deferred loan
- Only first-time buyers
- No
- Your credit score
- At least 660
How does repayment work for PHFA Keystone Due At Time of Expiration (K-DATE)?
This deferred loan has no monthly payments and a 0% rate. Once you sell, refinance or finish paying off your main home loan, you repay it.
With a deferred loan you pay nothing each month. But the whole amount comes due if you sell, refinance or finish paying the first home loan.
Who can get PHFA Keystone Due At Time of Expiration (K-DATE)?
- The Keystone Flex Loan Program sets the limit your income must stay within.
- Being a first-time buyer isn't required.
- Your credit score needs to be at least 660.
- You take a homebuyer education course before buying.
- Pair it with PHFA Keystone Flex as your first mortgage. Conventional, FHA, RD or VA loan types qualify.
- The keystone Flex Loan Program purchase price limit sets your price cap.
Your county and household size set most limits. Use our HUD income limits tool to see the median income in your area and where your household falls.
Applying for PHFA Keystone Due At Time of Expiration (K-DATE)
- The Pennsylvania Housing Finance Agency provides this help through its approved lenders, so you apply through one of them alongside your mortgage.
- After checking the home, your income and your credit against the program's rules, the lender reserves your money.
- Paid at closing, the help goes toward your closing costs and down payment.
For the full rules and to see if applications are open, go to Pennsylvania Housing Finance Agency's page for Keystone Due At Time of Expiration (K-DATE), or choose one of the agency's participating lenders.
Questions about PHFA Keystone Due At Time of Expiration (K-DATE)? Ask a lender
Tell us where you're buying and a lender that works with Pennsylvania's programs can tell you whether PHFA Keystone Due At Time of Expiration (K-DATE) fits you, and what you could combine with it.
Prefer not to call? Send in your details and the lender will contact you.
More first-time buyer programs in Pennsylvania
- PHFA Grant:
Grant of up to $500.
- PHFA Keystone Advantage Assistance Loan Program:
A repayable loan worth as much as 4% of the price or value, capped at $6,000.
- PHFA Keystone Forgivable in Ten Years Loan Program (K-FIT):
A forgivable loan worth as much as 5% of the price or value.
- PHFA Access Downpayment and Closing Cost Assistance Program:
Deferred loan of up to $15,000.
All first-time home buyer programs in Pennsylvania · Down payment assistance in every state