PHFA First-Time Homebuyer Mortgages



Looking to buy your first home in Pennsylvania? As a preferred Pennsylvania Housing Finance Agency (PHFA) lender, Philadelphia Mortgage Advisors offers 30-year fixed rate conventional PHFA mortgage programs requiring as little as 3% down with no mortgage insurance to qualified buyers. Some programs can also provide buyers with a mortgage tax credit certificate for up to a 50% credit of your yearly mortgage interest!

For those who qualify, PHFA offers low rates and fees as well as generous closing cost and down payment assistance that could make purchasing your home easier!


Features of PHFA Loans:

  • For first-time buyers and special target areas.

  • Conventional, FHA, USDA or VA loans.

  • As little as 3% down payment required depending on program.

  • No interest second mortgages available to qualified buyers.

  • $1,000 minimum borrower contribution.

  • Mortgage Tax Credit Certificate for up to 50% of yearly mortgage interest available to qualified buyers for some PHFA programs.

  • Seller assists permitted depending on program.

  • Purchase price and income limits apply.


For more information about PHFA, contact us.



*Rate effective 8/29/19. Annual Percentage Rate (APR) based on $155,200 conventional loan amount with 3% down with total monthly payment of $1,124.72 for 360 months. Payment includes taxes and insurance. Rate subject to change. Buyer must meet program guidelines. Seller assist and down payment/closing cost assistance based on specific program. Contact for updated rates and full program details.