Keystone Home Loan Program For First Time Homebuyers in Pennsylvania

by: Iola Bonggay

The Pennsylvania Housing Finance Agency, more commonly referred to as PHFA, is an independent agency that was established in the year 1972 in an effort to contribute to the provision of reasonable and affordable housing opportunities the elderly, persons and families of modest means, and people suffering from disabilities.

The programs and activities of the PHFA are carefully guided by its general agency mission which is "to to make the Commonwealth a better place to live while fostering community and economic development, the Pennsylvania Housing Finance Agency provides the capital for decent, safe, and affordable homes and apartments for older adults, persons of modest means, and those with special housing needs."

In line with this mission, the Pennsylvania Housing Finance Agency has been administering the Keystone Home Loan Programs For First Time Homebuyers within the State of Pennsylvania.

The Keystone Home Loan Program is a housing loan program that offers a 30-year fixed rate mortgage plan with rather low and reasonable interest rates. Among others, the major features of the program also includes the ability to provide down payment and closing cost assistance for eligible borrowers, the availability of conventional mortgages from the Federal Housing Administration, Department of Veteran Affairs, and the Rural Housing Service.

  (continued...)

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

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

Downpayment Assistance Program for First Time Homebuyers in Connecticut
The Connecticut Housing Finance Authority has been running the Downpayment Assistance Program in order to financially assist first time home buyers in the process of covering the downpayment and closing costs of purchasing a home.

---

Can You Use Government Grants to Become A Real Estate Entrepreneur?
Real Estate Apprentice Grant your way to being a Real Estate Entrepreneur...

---

First Time Homebuyer Programs in District of Columbia
The Department of Housing and Community Development, more commonly referred to as DHCD, is a local government agency in the District of Columbia that is primarily responsible for increasing quality housing and community development opportunities.

---

First Time Homebuyer Programs in Georgia
The state of Georgia offers a variety of programs to assist first time home buyers. The programs are offered primarily through the Georgia Department of Community Affairs.

---