PHFA First Time Home Buyer Loans


As a preferred Pennsylvania Housing Finance Agency (PHFA) lender, Philadelphia Mortgage Advisors offers 30-year fixed rate conventional programs requiring as little as 3% down with no mortgage insurance to qualified buyers. Some programs can also provide buyers with a mortgage tax credit certificate for up to a 50% credit of your yearly mortgage interest!

For those who qualify, PHFA offers low rates and fees as well as generous closing cost and down payment assistance that could make purchasing your home easier!


Features of PHFA Loans:

  • For first-time buyers and special target areas.

  • Conventional, FHA, USDA or VA loans.

  • As little as 3% down payment required depending on program.

  • No interest second mortgages available to qualified buyers.

  • $1,000 minimum borrower contribution.

  • Mortgage Tax Credit Certificate for up to 50% of yearly mortgage interest available to qualified buyers.

  • Seller assists permitted depending on program.

  • Purchase price and income limits apply.


For more information about PHFA, contact us.



Buyer must meet program guidelines. Income and purchase price limits apply. Contact for updated full program details.