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.

If you wish to know more about the Keystone Home Loan Program, you can visit the Pennsylvania Housing Finance Agency's official website.

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 environmental grants and grants for youth programs.

Additional Resources

category - Home Buying Programs

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.

---

Homebuyer Mortgage Program for First Time Homebuyers in Connecticut
The Connecticut Housing Finance Authority has been administering the Homebuyer Mortgage Program for First Time Homebuyers. The program is capable of offering home loans and below-market interest rates to first time homebuyers who reside in Connecticut and who are planning to acquire a property that is located in Connecticut.

---

Rehabilitation Mortgage Insurance Program
The Rehabilitation Mortgage Insurance Program intends to financially assist families as they repair or improve, purchase and improve, or refinance and improve their current residential properties that have been existent for more than a year.

---

Keystone Government Loan Program for Homebuyers in Pennsylvania
The Pennsylvania Housing Finance Agency has been running the Keystone Government Loan Program in which it intends to provide first mortgage financing on loans that are insured by the Federal Housing Administration, the Rural Development, and the Department of the Veterans' Affairs.

---