BEST OF
7 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.
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.
Summary of Best PHFA Mortgage Lenders of 2021
Lender | NerdWallet Rating | Minimum Credit Score | Minimum Down Payment | Learn More |
---|---|---|---|---|
Best for nonbank lender | 620 | 3% | at New American Funding | |
Best for customer service | 620 | 3% | at Guaranteed Rate | |
Best for nonbank lender | 620 | 5% | at loanDepot | |
Best for online capabilities | 620 | 3% | at Fairway Independent Mortgage | |
Best for online capabilities | 620 | 3% | at Northpointe | |
Best for customer service | 620 | 3% | Read review | |
Best for borrowers with tight finances | 620 | 3% | Read review |
at New American Funding
New American Funding: NMLS#6606
Min. Credit Score
Min. Down Payment
at New American Funding
at Guaranteed Rate
Guaranteed Rate: NMLS#2611

Min. Credit Score
Min. Down Payment
at Guaranteed Rate
at loanDepot
loanDepot: NMLS#174457

Min. Credit Score
Min. Down Payment
at loanDepot
at Fairway Independent Mortgage
Fairway Independent Mortgage: NMLS#2289

Min. Credit Score
Min. Down Payment
at Fairway Independent Mortgage
at Northpointe
Northpointe: NMLS#447490
Min. Credit Score
Min. Down Payment
at Northpointe
HomeBridge: NMLS#6521

Min. Credit Score
Min. Down Payment
PrimeLending: NMLS#13649

Min. Credit Score
Min. Down Payment
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 January 21, 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
- Northpointe: Best for online capabilities
- HomeBridge: Best for customer service
- PrimeLending: Best for borrowers with tight finances