Keystone Home Loan Program For First Time Homebuyers in Pennsylvania
Page 2

The Keystone Home Loan Program also offers a 25 percent discount on title insurance policy and in some cases, a zero-interest mortgage plan for qualified borrowers. Plus, borrowers can also take advantage of fewer fees since the guidelines of the program has ensured that a limitation or restriction of certain fees that are unnecessary or burdensome.

Interested borrowers will only be eligible to participate in the Keystone Home Loan Program if they satisfy the following eligibility requirements:

1) Must be a first time homebuyer

2) If not a first time homebuyer, must be planning to purchase a home in a targeted area

3) Must not have a collective annual income (derived from the all the annual income of the adults who plan to occupy the desired home) that will exceed the limits set by the Keystone Home Loan Program

4) Must have a good credit history and sufficient income to cover the mortgage

5) Must possess sufficient funds that could cover the mortgage and closing costs.

6) Must have sufficient funds that would cover the downpayment cost of the desired home.

In addition, borrowers will only be qualified to submit an application under the program if and only if they wish to acquire a property that is located within the State of Pennsylvania.

Keystone Home Loan Program For First Time Homebuyers in Pennsylvania
  Back to Page 1

About The Author Iola Bonggay is an editor of TopGovernmentGrants.com one the the most comprehensive Websites offering information on government grants and federal government programs. She also maintains Websites providing resources on health grants and environmental grants.

Additional Resources

category - Home Buying Programs

Downpayment Assistance Program for the First Time Home Buyers in North Carolina
The programs and activities of the North Carolina Housing Finance Agency are constantly geared towards the satisfaction of the best interest of its target population, which is why all their endeavors are carefully guided by their overall agency mission which is "to create affordable housing opportunities for North Carolinians whose needs are not met by the market."

---

Affordable Housing Partnership Program for the First Time Home Buyers in California
The Affordable Housing Partnership Program is a housing opportunity that enables first time home buyers in the State of California to seek financial assistance from lending institutions that have formed a partnership with CalHFA for the purposes of this endeavor.

---

Frequently Asked Questions about Buying Your First Home
The idea of buying a new home for the first time can be overwhelming for most people. It is probably the largest investment they have ever made, and the process itself seems downright intimidating. ...

---

First Time Homebuyer Programs in Montana
The Montana Board of Housing, otherwise referred to as BOH, was primarily established to to provide decent, safe, sanitary and affordable housing for lower income individuals and families in the State of Montana.

---