Pennsylvania First-Time Home Buyer Programs of 2023

Phil Metzger
By Phil Metzger 
Updated
Edited by Mary Makarushka

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The Pennsylvania Housing Finance Agency (PHFA) offers down payment and closing cost assistance to first-time home buyers in the Keystone State. The PHFA also provides mortgage loan programs, refinancing and home improvement loans.

To be considered a first-time home buyer, you must not have owned your primary residence during the past three years. Veterans or buyers in certain target counties don’t have to meet first-time home buyer restrictions to take advantage of PHFA programs.

PHFA highlights and eligibility

The following programs are specifically tailored to Pennsylvania residents. While each program has its own qualifying standards, a PHFA-approved lender can help you navigate the details.

Highlights

  • Down payment and closing cost assistance.

  • Programs for borrowers or household members with disabilities.

  • Programs for purchase and refinancing.

  • Employer-assisted housing benefits available through participating employers.

Eligibility

  • Borrowers’ liquid assets, including investment accounts, must be no greater than $50,000 after payment of closing costs (retirement accounts may be excluded with certain restrictions).

  • Household income and purchase price cannot exceed county limits.

  • The home must be your primary residence.

  • Minimum credit score of 660 for some programs.

  • Borrowers with FICO scores lower than 680 must complete home buyer education.

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5.0

NerdWallet rating 
Min. credit score 
620

Min. down payment 
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Mortgage loans from our partners

New American Funding - PURCHASE logo
Check Rate

on New American Funding

New American Funding

4.5

NerdWallet rating 
New American Funding - PURCHASE logo

4.5

NerdWallet rating 
Min. credit score 
500

Min. down payment 
3.5%

Check Rate

on New American Funding

Better - PURCHASE logo
Check Rate

on Better

Better

4.5

NerdWallet rating 
Better - PURCHASE logo

4.5

NerdWallet rating 
Min. credit score 
620

Min. down payment 
3%

Check Rate

on Better

NBKC - PURCHASE logo
Check Rate

on NBKC

NBKC

4.5

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NBKC - PURCHASE logo

4.5

NerdWallet rating 
Min. credit score 
620

Min. down payment 
3%

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on NBKC