Pennsylvania Home Buyer

Keystone government loan program


What is the Keystone Government Loan Program? And how is this program different from the Keystone Home Loan Program?

This Keystone Government Loan Program (also called K-Gov) is based on FHA, USDA financing, or VA (Veteran); and unlike the Keystone Home Loan program, there are:

- No sales price limitations
- No income limitations
- No first time home buyer requirements.

The maximum mortgage and sales price is determined by the buyer’s income and debt limitations, and customary underwriting guidelines of the FHA, VA and USDA loan programs.

Non-occupying co-borrowers are permitted with the Keystone Government Loan (FHA) provided the co-borrower and applicant meet the PHFA underwriting guidelines for non-occupying co-signers.

Keystone Advantage Assistance Loan Program
Qualified home buyers can receive down payment and/or closing cost assistance through the Keystone Advantage Assistance Loan Program with the K-Gov program. The Keystone Advantage Assistance Loan Program provides as much as two percent (2 %) of the purchase price or market value, up to a maximum of $4,000 for down payment or closing cost assistance. Read more

FHA logoFHA Home Loan

The FHA mortgage is a good loan if you do not have a whole lot of money. The FHA loan only requires a minimum down payment of 3.5% . . . and the FHA permits the seller to pay up to 6% of the purchase price toward the buyer's closing costs.

Family member(s) are allowed to "gift" the down payment to the buyer(s).
Here's an example: Let's assume, you are buying a $200,000 house and the seller agrees to pay all of the closing costs that total up to 6% of the sales price.

If the seller is paying your closing costs, that leaves the down payment of $7,000 ($200,000 X 3.5% = $7,000).

If dad and mom (reluctantly) gift you $5,000 and brother and sister each gift you $1,000, you are now able to purchase your dream house. Read more.




USDA logoUSDA Home Loan (Also known as the Rural Home Loan Program)

There is still a zero down payment mortgage available, it's called the USDA loan program provided by the United States Department of Agriculture.

And if you short on cash, you'll be happy to know that the seller is permitted to pay your closing costs, usually up to 6% of the sales price. The USDA is a great way to purchase a home with little cash out of pocket. Read more




Veteran's Administration logoVA Home Loan

The VA loan is a fantastic home loan. No down payment is required for a VA loan. The seller is permitted to pay ALL closing costs. There is no monthly mortgage insurance premium; and, the VA discourages excessive junk fees. Read more







How much does it cost to buy a house in Pennsylvania?

Use the PA mortgage calculator to estimate the down payment, closing costs and monthly payment for FHA, VA, USDA & conventional loans.Closing cost calculator


First time home buyer classes listed by county



Learn about Pennsylvania's home buying programs. Read more

phfa logo