PHFA Grant

How is PHFA Grant paid back?

Grant does not need to be repaid; must be used toward the home purchase.

A grant is money you never pay back, as long as you keep to the program's rules.

Who qualifies for PHFA Grant?

• Your income must be within the county limits for the HFA Preferred loan.
• You don't have to be a first-time buyer.
• A homebuyer education course before you buy.
• It comes with pHFA's HFA Preferred (Lo MI) conventional loan.
• Price limit: no purchase price limit.

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 Grant

1. Pennsylvania Housing Finance Agency pays this help out through its approved lenders, so you apply with one of them, together with your home loan.
2. The lender checks your income, credit and the home against the program's rules and reserves the money for you.
3. 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 PHFA Grant, or pick a lender from the agency's list of participating lenders.

Other first-time buyer programs in Pennsylvania

• PHFA Keystone Advantage Assistance Loan Program: up to 4% of the price or value, at most $6,000, repayable loan.
• PHFA Keystone Forgivable in Ten Years Loan Program (K-FIT): up to 5% of the price or value, forgivable 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