Keystone Advantage Assistance Loan Program

Wayne PA Real Estate AgentsJust because you don’t have a 20% down payment to buy a home doesn’t mean you can’t qualify to buy a home. If you are a first-time home buyer Pennsylvania has a new loan program that may be able to get you in a home. Read all about it below and then check out their website to learn even more and how to apply for the program. PHFA.org

The Keystone Advantage Assistance Loan Program provides a second mortgage loan to help with the costs associated with the purchase of a home. Qualified borrowers can receive up to four percent (4%) of the purchase price or market value or $6,000 (whichever is less) in downpayment and closing cost assistance to be repaid monthly. The assistance loan will be amortized over a ten-year term at zero percent (0%) interest.

The Keystone Advantage Assistance can be used in conjunction with the following PHFA first mortgage home purchase loan programs:

HFA Preferred™(Lo MI),
HFA Preferred Risk Sharing™(No MI),
Keystone Government Loan, or
Keystone Home loan (FHA, VA, or RD loan types only).

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