6 Best PHFA Mortgage Lenders of 2021
The Pennsylvania Housing Finance Agency — the PHFA — provides affordable housing to first-time and other buyers. Here are some top-rated participating lenders.
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The Pennsylvania Housing Finance Agency, or PHFA, is a state-affiliated agency created to help provide affordable housing to first-time home buyers, low- and moderate-income families, seniors and others with special housing needs.
To access these programs, you’ll need to work with a participating lender. We researched PHFA’s four-page list of state-approved banks and mortgage companies and compiled a summary of lenders who rank among NerdWallet’s best-rated.
The Pennsylvania Housing Finance Agency, or PHFA, is a state-affiliated agency created to help provide affordable housing to first-time home buyers, low- and moderate-income families, seniors and others with special housing needs.
To access these programs, you’ll need to work with a participating lender. We researched PHFA’s four-page list of state-approved banks and mortgage companies and compiled a summary of lenders who rank among NerdWallet’s best-rated.
Best PHFA Mortgage Lenders
| Lender | NerdWallet Rating | Min. Credit Score | Min. Down Payment | Learn More |
|---|---|---|---|---|
 New American Funding: NMLS#6606 Learn more at New American Funding | Best for nonbank lender | 620 | 3% | Learn more at New American Funding |
 Guaranteed Rate: NMLS#2611 Learn more at Guaranteed Rate | Best for customer service | 620 | 3% | Learn more at Guaranteed Rate |
 loanDepot: NMLS#174457 Learn more at loanDepot | Best for nonbank lender | 620 | 5% | Learn more at loanDepot |
 Fairway Independent Mortgage: NMLS#2289 Learn more at Fairway Independent Mortgage | Best for online capabilities | 620 | 3% | Learn more at Fairway Independent Mortgage |
 Homebridge: NMLS#6521 | Best for customer service | 620 | 3% | Read review |
 PrimeLending: NMLS#13649 | Best for borrowers with tight finances | 620 | 3% | Read review |
at New American Funding
New American Funding: NMLS#6606
Min. Credit Score
620Min. Down Payment
3%at New American Funding
at Guaranteed Rate
Guaranteed Rate: NMLS#2611
Min. Credit Score
620Min. Down Payment
3%at Guaranteed Rate
at loanDepot
loanDepot: NMLS#174457
Min. Credit Score
620Min. Down Payment
5%at loanDepot
at Fairway Independent Mortgage
Fairway Independent Mortgage: NMLS#2289
Min. Credit Score
620Min. Down Payment
3%at Fairway Independent Mortgage
Homebridge: NMLS#6521
Min. Credit Score
620Min. Down Payment
3%PrimeLending: NMLS#13649
Min. Credit Score
620Min. Down Payment
3%More PHFA participating mortgage lenders
These are among the highest-volume PHFA-participating mortgage makers in Pennsylvania; however, they haven't been reviewed by NerdWallet.
Based in Devon, Pennsylvania, and serving the Delaware Valley since 1886.
Offers all government-backed mortgages.
Get pre-qualified in only a few minutes.
Earn an interest rate discount when you set up automatic monthly payments from your Citizens Bank checking account.
A dedicated loan officer guides you through the homebuying process.
Secure document exchange speeds the loan process.
Monitor and manage the loan process through a secure client portal.
Qualifying for a loan can begin with an online application that takes just 20 minutes to complete.
Based in Pittsburgh but with loan officers throughout the state.
More from NerdWallet
Last updated on March 19, 2021
Methodology
NerdWallet's star ratings for mortgage lenders are awarded based on our evaluation of the products and services each lender offers to consumers who are actively shopping for the best mortgage. The five key areas we evaluated include the variety of loan types and products offered, online conveniences, online mortgage rate information, and the rate spread and origination fee lenders reported in the latest available Home Mortgage Disclosure Act data. To ensure consistency, our ratings are reviewed by multiple people on the NerdWallet Mortgages team.
To recap our selections...
NerdWallet's Best PHFA Mortgage Lenders of 2021
- New American Funding: Best for nonbank lender
- Guaranteed Rate: Best for customer service
- loanDepot: Best for nonbank lender
- Fairway Independent Mortgage: Best for online capabilities
- Homebridge: Best for customer service
- PrimeLending: Best for borrowers with tight finances
