ATTENTION PA HOME-BUYERS *****Keystone Advantage Assistance Program
The Keystone Advantage Assistance program can help you qualify for up to $6,000 or 4% of your loan value (whichever is less) in down payment assistance. You’ll receive the money as a second mortgage loan with a 10-year term and 0% APR.
Buyers must meet the requirements of the applicable PHFA first mortgage program, and must also meet the requirements associated with the Keystone Advantage Program which are listed below:
The Keystone Advantage Assistance requires all borrowers to have a minimum credit score of 660.
Assistance can only be used for the minimum required downpayment and/or closing costs.
The minimum loan amount is $500.
Borrower(s) liquid assets may not be greater than $50,000 after deducting the funds needed to close on the loan. This includes cash and funds in checking and savings accounts, stocks, bonds, certificates of deposit and similar liquid accounts. Funds from retirement accounts such as 401(k)s, IRAs and pension funds will only be considered if they can be withdrawn without a penalty due to borrower meeting age requirement and/or being retired.
The Keystone Advantage Assistance program may not be combined with any other PHFA assistance program, with the exception of the Access Modification Loan Program.
Keystone Advantage Assistance loans may be used on Conventional, FHA, VA or RD loans. All applicable FHA, VA or RD loan underwriting requirements apply, including loan to value and downpayment requirements.
If you're buying a home in PA, let's schedule a ten minute phone consultation, to go over your eligibility for the Keystone Advantage Assistance Program. Text "Keystone Advantage" to 856-473-2420.