PHFA: Home Buyers Save Big on Closing Costs

Unlocking Your First Home

Understanding PHFA with Kline Corbett Group & Traditions Mortgage!

Stop! Before you stress out- this is NOT just another advertisement for options for financing your home purchase. We want to share with you a potential solution we’ve found to the decrease the stress of buying a home and increase the amount of money left in your pocket at settlement!

What is PHFA?

PHFA stands for the Pennsylvania Housing Finance Agency, and it’s a game-changer for first-time homebuyers. Tune in as Dave explains the fantastic products PHFA offers to make your home buying journey smoother.

Extra Help for First-Time Homebuyers

Struggling to save up for that down payment and closing costs? PHFA has got your back! Discover how it provides extra funds to ease the financial load for first-time buyers.

Who Qualifies?

Are you a first-time homebuyer? Dave outlines the criteria, and it’s not as complicated as you might think. Learn why even if you owned a home years ago, you could still be considered a first-time homebuyer.

Understanding Repayment

Curious about repayment? The answer varies based on the program you choose. Dave breaks down which programs require repayment and which ones don’t, giving you the lowdown on your financial commitment.

Credit Scores and Criteria

To access those down payment funds, you’ll need a minimum credit score of 660. But that’s not all – income limits and purchase price criteria are in play. Dave sheds light on these factors and more.

Got Questions? We’ve Got Answers!

If you’re a first-time homebuyer seeking assistance with closing costs and down payment, don’t hesitate to reach out to either me or Dave. We’re here for you every step of the way.

Contact Us

Feel free to drop your questions in the comments or reach out through our contact information. Whether you’re just starting your homebuying journey or have specific queries about PHFA, we’re available anytime to assist you.

Make Your Homeownership Dreams a Reality

Ready to take the leap into homeownership? Contact us for expert guidance and make your dream home a reality. Thanks for tuning in, and remember, we’re here to help you every step of the way. Have a fantastic day, everyone! 👋


What’s up guys, it is Kiersten with the Kline Corbett Group and Dave Fuchs with Traditions Mortgage.

Today we are going to talk about PHFA and exactly what is it Dave? PHFA stands for the Pennsylvania Housing Finance Agency and they have a lot of really good products for first-time homebuyers.

PHFA is helpful because it provides first-time homebuyers with some extra money to use towards down payment and closing costs. It can be tough, you’re first time buying a home to save up money and PHFA has some options that can help you do that.

You have to be a first-time homebuyer for most of their programs. A first-time homebuyer is somebody who has not owned real estate in the last three years. So

If you owned a home in 1995 and you haven’t owned one since then, you would be a first-time homebuyer. And then do you have to pay back that closing assistance that you get? It depends what program you go with. Some of them no, some of them yes.

You do have to have a minimum credit score of a 660 to get down payment funds from them. There’s also income limit and purchase price criteria depending on other factors like household size and some other variables.

So if you guys have any questions, your first-time homebuyer, looking to get some assistance with closing costs and down payment, feel free to reach out to me or Dave.

We’re available anytime. Have a good one guys. Thanks. See ya!


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