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Pennsylvania Housing Finance Agency (PHFA) Loans

Personal Banking

Pennsylvania resident?

We have an affordable solution for you

Pennsylvania Housing Finance Agency (PHFA) loan is a program that provides qualified residents in the Commonwealth of Pennsylvania with affordable homeownership options. Since its inception in 1972, the PHFA has funded over 167,400 single-family home mortgage loans for more than $13.1 billion.

Benefits of a Univest PHFA loan

  • Available for purchases and refinances
  • Fixed-rate, 30-year term
  • Financing up to 97% loan to value
  • Competitive interest rates
  • Down payment and closing cost assistance

Eligibility requirements

  • Homebuyer education courses are required
  • Minimum of 620 credit score
  • Must be a resident of Pennsylvania

Types of properties available to finance with a PHFA loan

  • Single family homes
  • 1-2 family properties
  • Condominiums

What is the difference between PHFA and FHA loans?

  • PFHA loans are issued by the Pennsylvania Housing Finance Agency
  • The Federal Housing Administration does not issue the loan; they provide insurance to lenders who issue FHA loans
  • FHA loans are available in any state whereas PHFA loans are only available to residents of PA
  • PHFA loans only offer a fixed-rate option and a slightly higher loan-to-value than FHA loans

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