Pennsylvania Housing Finance Agency
Pennsylvania Housing Finance Agency - Loan Programs - Access Downpayment and Closing Cost Assistance
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Eligibility:
- Applicants must be homebuyers who are persons with a disability
or have a family member(s) living in the household with a permanent
disability who are purchasing a new or existing home.
- Applicants who are purchasing a home in an area that is not eligible for HOMEstead may apply for this loan in conjunction with a first mortgage under the Agency's Keystone Home Loan, Keystone Government Loan, HFA Preferred Risk Sharing or HFA Preferredprograms without Advantage Assistance.
- Applicants must meet all of the Agency's underwriting guidelines for the program they are applying for.
- Applicants must also need a PHFA Access Home Modification loan.
- The household income of the applicants obtaining an Access Downpayment and Closing Cost Assistance loan must comply with the applicable program's income and purchase price limits (if applicable) and cannot exceed 80 percent of the statewide family median income as determined by the Federal Department of Housing and Urban Development.-Applicants must meet the
- Applicants who are purchasing a home in an area that is not eligible for HOMEstead may apply for this loan in conjunction with a first mortgage under the Agency's Keystone Home Loan, Keystone Government Loan, HFA Preferred Risk Sharing or HFA Preferredprograms without Advantage Assistance.
- Applicants must meet all of the Agency's underwriting guidelines for the program they are applying for.
- Applicants must also need a PHFA Access Home Modification loan.
- The household income of the applicants obtaining an Access Downpayment and Closing Cost Assistance loan must comply with the applicable program's income and purchase price limits (if applicable) and cannot exceed 80 percent of the statewide family median income as determined by the Federal Department of Housing and Urban Development.-Applicants must meet the
Hours:
Monday through Friday, 8:00am to 5:00 pm
Phone/FAX Numbers
- (800) 822-1174
Fee Amounts:
The Access Downpayment and Closing Cost Assistance mortgage loans
are interest free and have no fees.
Intake Procedure:
The loan application, processing, and closing is handled by a
network of participating lendersthat have been approved and
trained by the Agency - check the web for current list.
Geographical Area:
Pennsylvania
Helpful Tips:
Mortgage amounts not less than $1,000 and no more than $15,000.
Funds will be available on a first come, first serve basis.
This is a non-interest-bearing loan with no monthly payment. The loan becomes due and payable upon sale, transfer, or non-owner occupancy of the property.
This is a non-interest-bearing loan with no monthly payment. The loan becomes due and payable upon sale, transfer, or non-owner occupancy of the property.
Additional Services Offered at this Agency:
- Foreclosure Prevention Loan Modification/Refinancing Programs
- Home Barrier Removal Loans
- Home Rehabilitation Loans
- Home Rental Listings
- Homebuyer/Home Purchase Counseling
- Housing Down Payment Loans/Grants
- Housing Search Assistance
- Lead Testing
- Low Income Home Loans
- Low Income/Subsidized Private Rental Housing
- Mortgage Delinquency and Default Counseling * COVID-19
- Mortgage Payment Assistance
- Mortgage Payment Assistance * COVID-19
- Post Disaster Housing Assistance
- Property Tax Payment Assistance * COVID-19
If you represent this agency, update your listing here.
* The community resource directory information is up to date to the best of our knowledge. However, you should always call the provider to confirm this information and make an appointment. Be sure to confirm payment information with the provider, if payment is required. Pennsylvania 211 does not rate, recommend or endorse any agency. We simply provide information as a public service.