First Time Home Buyer Programs in PA
a home can be as exciting as it is overwhelming, but the more information
you have, the better off you'll be. Contained on this web site are a variety
of resources for Pennsylvania home buyers to help you choose the "best"
mortgage program and a variety of closing cost and mortgage calculators.
Easily estimate the down payment, closing costs (including the seller assist, if applicable), escrow and prepaid costs with the Closing Cost Calculator. This loan calculator is especially useful for the real estate agent who needs a buyer's cost sheet.
Would you like to know what the "ideal" mortgage payment should be?
If so, try the Debt to Income Calculator.
Do interest rates matter? Less than you think. Compare the mortgage payment with different interest rates with the Payment Calculator.
Are you eligible for a first time home buyer mortgage available through
the Pennsylvania Housing Finance Agency (PHFA)?
What Pennsylvania county programs are there?
County First Time Home Buyer Programs.
What's a seller assist?
How much is title insurance and do I need it?
What is a HUD house?
Fha home loans are very popular because the minimum down payment is only 3.5% and the seller can pay up to 6% of the buyer's closing costs. Read more
It's true! No down payment is required with USDA home loans.
And, the seller can pay as much as 6% of the sales price toward
the buyer's closing costs.
Attention veterans! The VA has a great loan for eligible veterans. No down payments are required for VA home loans and the seller can pay ALL closing costs. Read more
If you have a nice down payment or need a large loan (jumbo),
then a Fannie Mae or Freddie Mac home loan is right for you. These
loans are known as "conventional" mortgages.