Pennsylvania First-Time Home Buyer Loans (PHFA)


Good news for first-time home buyers! The Pennsylvania Housing Finance Agency (PHFA) has lowered the minimum down payment on its Keystone Home Loan from 20 percent to only 3 percent - and is offering a limited-time low rate of 4.375%!

For those who qualify, PHFA offers home purchase loans with low fixed interest rates, low down payments and generous seller assists for first-time buyers and buyers purchasing in designated target areas. Some buyers may even qualify for a down payment and/or closing cost assistance loan! These programs do have income and loan amount limitations so contact a PMA mortgage advisor for eligibility.

Hurry, this low rate is only available for a limited time!


Features of PHFA Loans:

  • 3% down payment!

  • For first-time buyers and special target areas.

  • Conventional 30-year fixed mortgage (FHA, USDA & VA options also available).

  • Seller assists permitted.

  • Purchase price and income limits apply.


Rate effective 8/29/18. Annual Percentage Rate (APR) based on $250,000 loan amount with 3% down with total monthly payment of $1,827.75 for 360 months. Payment includes taxes and insurance. Rate subject to change. Buyer must meet program guidelines. Seller assistance based on specific program. Income and purchase price limits apply. Contact for updated rates and full program details.