PHFA announces special
incentive to help homebuyers and homebuilders
New financial incentive provides generous closing-cost assistance
HARRISBURG The Pennsylvania Housing Finance Agency today announced a special incentive intended to help buyers of new homes with a more affordable mortgage option.
Since January, PHFA has unveiled several new mortgage programs intended to meet the needs of todays homebuyers and keep the agencys mortgage programs competitive in the marketplace. This new incentive is tailored specifically to the needs of buyers purchasing newly constructed homes.
Through this incentive, buyers of new homes can apply for a closing-cost assistance loan of up to $6,000. That is significantly higher than the maximum closing-cost assistance loan of $4,000, or 2 percent of the sales prices, available through PHFA for buyers of existing homes.
Offering this special incentive for new-home buyers is something we felt we could do to not only help consumers but to also provide a spark for the states housing industry, said PHFA Executive Director and CEO Brian A. Hudson Sr. We all will benefit from more activity in the states residential construction sector, since it will produce a positive ripple effect throughout our communities.
Homebuyers today are looking at one of the best housing markets in decades, with low interest rates and high inventory from which to choose. This special offer from PHFA adds one more incentive that can bring homeownership into financial reach.
People interested in more information about the agencys affordable mortgage programs should call PHFAs Homebuyer Hotline during weekday business hours at 800-822-1174. Information also is available on the agencys website at www.phfa.org; look under the blue Homebuyer header.
New financial incentive provides generous closing-cost assistance
HARRISBURG The Pennsylvania Housing Finance Agency today announced a special incentive intended to help buyers of new homes with a more affordable mortgage option.
Since January, PHFA has unveiled several new mortgage programs intended to meet the needs of todays homebuyers and keep the agencys mortgage programs competitive in the marketplace. This new incentive is tailored specifically to the needs of buyers purchasing newly constructed homes.
Through this incentive, buyers of new homes can apply for a closing-cost assistance loan of up to $6,000. That is significantly higher than the maximum closing-cost assistance loan of $4,000, or 2 percent of the sales prices, available through PHFA for buyers of existing homes.
Offering this special incentive for new-home buyers is something we felt we could do to not only help consumers but to also provide a spark for the states housing industry, said PHFA Executive Director and CEO Brian A. Hudson Sr. We all will benefit from more activity in the states residential construction sector, since it will produce a positive ripple effect throughout our communities.
Homebuyers today are looking at one of the best housing markets in decades, with low interest rates and high inventory from which to choose. This special offer from PHFA adds one more incentive that can bring homeownership into financial reach.
People interested in more information about the agencys affordable mortgage programs should call PHFAs Homebuyer Hotline during weekday business hours at 800-822-1174. Information also is available on the agencys website at www.phfa.org; look under the blue Homebuyer header.
No comments:
Post a Comment