Is PHFA and FHA the same?
FHA loans require a minimum down payment of 3.5 percent; 10 percent for borrowers with credit scores from 500 to 580. ... The PHFA Keystone Government Loan Program allows buyers to borrow down payment funds using a Keystone Government Assistance Loan.
How do I pay my PHFA mortgage?
All payments for your mortgage should be sent to PHFA.
You may also pay your bill online or set up automatic payments by visiting PHFA's Online Servicing Center at https://LoanSphereServicingDigital.bkiconnect.com/phfa/#/login. You will soon be receiving a monthly billing statement from PHFA.
What type of loan is PHFA?
How do you qualify for PHFA?
Eligibility Requirements
- The household income cannot exceed the B. ...
- The loan must be used towards the purchase or refinance of a primary residence.
- There is no first time homebuyer requirement under this program. ...
- Borrowers are required to put down at least $1,000 from their own funds.