Bootcamp For Buyers

First Time Homebuyer Programs in Pennsylvania

Pennsylvania offers a variety of programs through the Pennsylvania Housing Finance Agency (PHFA) to assist first-time homebuyers. These programs provide financial support, competitive loan options, and resources to make homeownership achievable.

Keystone Home Loan Program

The Keystone Home Loan Program offers low-interest fixed-rate mortgages for first-time buyers.

  • Provides a 30-year fixed-rate mortgage with competitive rates.
  • Available for FHA, VA, USDA, and conventional loans.
  • Income and purchase price limits apply, based on location and household size.

Keystone Advantage Assistance Loan

The Keystone Advantage Assistance Loan provides financial support for down payments and closing costs.

  • Offers up to $6,000 as a second mortgage loan.
  • Features a 0% interest rate, repayable over 10 years.
  • Must be used with a PHFA first mortgage product.

HOMEstead Program

The HOMEstead Program provides forgivable loans for eligible buyers.

  • Offers up to $10,000 for down payment and closing cost assistance.
  • Assistance is forgiven after five years of homeownership.
  • Eligibility includes income and purchase price limits.

Pennsylvania’s first-time homebuyer programs are designed to make homeownership more accessible and affordable. Explore these options to find the right fit for your needs and take the first step toward owning your dream home in the Keystone State.