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The Pennsylvania Housing Finance agency offers a conventional loan product that is designed specifically for HFAs (Housing Finance Agencies). This product offers a fully amortized 30 year fixed rate term. PHFA offers this program through a network of approved participating lenders, with PHFA as the servicer.
PHFA oversees 30-year, fixed-rate mortgage programs with affordable interest rates and fewer fees. The mortgages can be conventional, FHA, VA or USDA loans. Each program has different eligibility requirements and restrictions, including household income or home price limits.
PHFA - Pennsylvania Housing Finance Agency, a public corporation and government instrumentality, created by and existing pursuant to the Housing Finance Agency Law, 35 P.S. Section 1680.101 et seq., as amended.
The Pennsylvania Housing Finance Agency is a non-profit organization which serves the people of Pennsylvania by offering affordable housing resources, including loans and rent assistance.
PHFA programs and operations are funded primarily by the sale of securities and from fees paid by program users, not by public tax dollars. The agency is governed by a 14-member board.