PHFA Keystone Forgivable in Ten Years Loan Program (K-FIT)
Pennsylvania Housing Finance Agency offers Keystone Forgivable in Ten Years Loan Program (K-FIT) to first-time buyers in Pennsylvania: up to 5% of the price or value, as a forgivable loan.
- Amount
- Up to 5% of the price or value
- Kind of help
- Forgivable loan
- First-time buyers only
- Yes, with exceptions
- Credit score
- 660 or higher
How is PHFA Keystone Forgivable in Ten Years Loan Program (K-FIT) paid back?
Forgivable loan: second mortgage forgiven 10% per year over ten years.
A forgivable loan is written off once you have kept the home and its first mortgage for the years the program sets.
Who qualifies for PHFA Keystone Forgivable in Ten Years Loan Program (K-FIT)?
- Your income must fall within the Keystone Flex Loan Program Income Limit.
- First-time buyers only: yes, with exceptions.
- A credit score of 660 or higher.
- It comes with a PHFA Keystone Home loan (Conventional, FHA, VA or RD).
Most limits follow your county and household size. Our HUD income limits lookup shows your area's median income and where your household sits.
How to apply for PHFA Keystone Forgivable in Ten Years Loan Program (K-FIT)
- Pennsylvania Housing Finance Agency pays this help out through its approved lenders, so you apply with one of them, together with your home loan.
- The lender checks your income, credit and the home against the program's rules and reserves the money for you.
- The help is paid at closing, toward your down payment and closing costs.
Read the full rules and whether it is taking applications on Pennsylvania Housing Finance Agency's page for Keystone Forgivable in Ten Years Loan Program (K-FIT), or pick a lender from the agency's list of participating lenders.
Ask a lender about PHFA Keystone Forgivable in Ten Years Loan Program (K-FIT)
Tell us where you're buying and a lender that works with Pennsylvania's programs can tell you whether PHFA Keystone Forgivable in Ten Years Loan Program (K-FIT) fits you, and what you could combine with it.
Rather not call? Send your details and the lender will reach you.
Other first-time buyer programs in Pennsylvania
- PHFA Grant: up to $500, grant.
- PHFA Keystone Advantage Assistance Loan Program: up to 4% of the price or value, at most $6,000, repayable loan.
- PHFA Keystone Due At Time of Expiration (K-DATE): up to 8% of the price or value, deferred loan.
- PHFA Access Downpayment and Closing Cost Assistance Program: up to $15,000, deferred loan.
All Pennsylvania first-time home buyer programs · Down payment assistance in every state