Pennsylvania first time home buyer programs

Learn more about our Refinance loan programs. If you have questions, please feel free to contact our Customer Solutions Center at 1. Home JavaScript is turned off in your browser. PA Housing Finance Agency. Toggle navigation Menu. Financing is based on the lower of the appraisal value or contract purchase price. Maximum income and Max loan amount limits may apply.

For some grant programs where income limitations apply the borrower cannot be a student working less than 30 hours per week. Borrowers cannot receive program funds as cash back in excess of earnest money deposits and or closing costs. Down Payment Grant programs may be considered taxable income, a MISC may be issued, consult with your tax Advisor for further details.

Homebuyer education classes may be required to participate in the homebuyer assistance and grant programs. Homebuyer assistance programs and Grant programs are not available with all mortgage loan products being offered or advertised, please ask for details when applying. Many down payment assistance programs are only available to first time homebuyers. The PA Homebuyer Assistance Center helps potential homebuyers identify local, state and non-profit money available to assist with their purchase.

More from NerdWallet. Calculate your mortgage payment. Compare Pennsylvania mortgage rates. See the best Pennsylvania mortgage lenders. National first-time home buyer programs. Back to top. PHFA highlights and eligibility. Tax credits may apply. PHFA first-time home buyer loan programs. Summary: PHFA first-time home buyer programs. On a similar note Some Pennsylvania homeowners can also claim a tax credit.

As you can see, Pennsylvania has robust resources to help Keystone State residents make their first home purchase—even with a low credit score, and without significant cash on hand. You can always talk with a PFHA counselor to learn more about the programs you might qualify for. National Association of Realtors. Home Ownership Hot in PA.