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Closing Cost assistance 2021

Type Of Program

Tax Credit

Program distribution

Grant

Program Originator

HFA Preferred

Program URL

https://www.phfa.org/programs/homepurchase.aspx

Location

Nationwide

Description

With the HFA Preferred™(Lo MI) loan, mortgage insurance is provided by one of several private mortgage insurance companies when the borrower puts down less than 20 percent (20 %) towards the purchase of the home. Your lender will help you determine what the premium will cost for your specific situation

Borrowers are required to put down at least $1,000 from their own funds. The remaining funds can be from an acceptable gift or assistance program.

Borrowers obtaining the HFA PreferredTM loan may qualify to receive a PHFA Grant of $500 to be applied towards downpayment and closing costs. The grant does not require repayment and must be used towards the purchase of the home.

Borrowers who complete in person Pre-Purchase counseling prior to executing the agreement of sale may receive a $300 credit to be used towards closing costs.

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Closing Cost assistance 2021

Type Of Program

Program distribution

Program Originator

Program URL

Amount

Contact

Blocks

Location

Description

AMI Limit

AMI

Employer Participation Required

Must Earn Counseling Certificate

Eligibility Limitations

Cash Sale Permitted

Cosigner Permitted

Owner Financing Permitted

Must be Primary Residence

Program Provider's Contact Name

Program Provider's Address

Program Provider's Phone

Program Provider's Email