Acadia Mortgage, LLC

Pennsylvania Housing Finance Agency 1st Time Homebuyer Program Lowers Rates

The Pennsylvania Housing Finance Agency First Time Buyer program lowered interest rates today.

30 Yr Fixed Rate 4.95%   APR 4.970% Keystone Home Loan Program.

You must be a First Time Homebuyer on properties located in the state of Pennsylvania.

Be sure to check on the agencies "Tax Credit Advance" program. This program allows the qualified borrower to obtain a $5,000 advance of their Federal Tax credit to be used at settlement. These funds are subject to availability and there is no guarantee that funds will be available in the future.

Subject to Purchase Price Limits and Income Limits, go to the Pennsylvania Housing Finance Agency for specific information on qualifications. Click on Homebuyers, Homeowners and Renters for detailed information and qualifications.

All programs are subject to agency underwriting approval.

First Time Home Buyer Program for Pennsylvania Residents

Rates for 1st time homebuyers in PA were increased on July 24th  to the following:

Keystome Program  0 Points  6.75%

Keystone Program 1 Point 6/375%

Keystone Plus Program 0 Points 6.25%

All programs are subject to Sale Price and Income limitations.

PENNSYLVANIA HOUSING FINANCE AGENCY

KEYSTONE HOME LOAN PROGRAM

 

 

MAXIMUM PURCHASE PRICE AND INCOME LIMITS * By Region and County (Target Areas indicated by "T") Maximum Purchase Price			Income Limit
County	Purchase Price Limit	1 & 2 Member Households		3 or more Member Households
Region 1
Bucks	$ 320,000	$ 72,100		$ 82,900
Chester	320,000	72,100		82,900
Delaware	320,000	72,100		82,900
Montgomery	320,000	72,100		82,900
Philadelphia (T)	320,000	86,500		99,000

Income Limit for the above counties is $72,100 with the exception of Phila County with a $86,500 1 & 2 person income limit.  Call for limits on families with more than two persons.