HOMEstead Downpayment and Closing Cost Assistance Loan

 

 

 

Homebuyers eligible for the HOMEstead program may qualify for up to $10,000 in downpayment and closing cost assistance in the form of a no-interest, second mortgage loan. HOMEstead funds are forgiven at 20 percent per year over five years for all loans closed on or after January 1, 2007. The minimum loan amount is $1,000. The first mortgage is provided by PHFA at the same rate as the Keystone Home Loan program.  A fee of one percent is applicable, but may be financed by the HOMEstead loan.

 

 

If you’re serious and ready to buy a home –

 

 

 

The best thing to do is to learn more from an expert, and get qualified - call 215.858.6319 or Email