Skip Navigation Documents in Portable Document Format (PDF) require Adobe Acrobat Reader 5.0 or higher to view, download Adobe® Acrobat Reader.
front porch of house

PHFA Loan Benefits & Requirements

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.


What are the 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


What are the eligibility requirements?

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


What types of properties are available to finance with a PHFA loan?

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


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

contact us

There was an error submitting the form

Thank you for your submission.

to the
top