Keystone Home Loan Program For First Time Homebuyers in Pennsylvania
Page 2The Keystone Home Loan Program also offers a 25 percent discount on title insurance policy and in some cases, a zero-interest mortgage plan for qualified borrowers. Plus, borrowers can also take advantage of fewer fees since the guidelines of the program has ensured that a limitation or restriction of certain fees that are unnecessary or burdensome.
Interested borrowers will only be eligible to participate in the Keystone Home Loan Program if they satisfy the following eligibility requirements:
1) Must be a first time homebuyer
2) If not a first time homebuyer, must be planning to purchase a home in a targeted area
3) Must not have a collective annual income (derived from the all the annual income of the adults who plan to occupy the desired home) that will exceed the limits set by the Keystone Home Loan Program
4) Must have a good credit history and sufficient income to cover the mortgage
5) Must possess sufficient funds that could cover the mortgage and closing costs.
6) Must have sufficient funds that would cover the downpayment cost of the desired home.
In addition, borrowers will only be qualified to submit an application under the program if and only if they wish to acquire a property that is located within the State of Pennsylvania.
If you wish to know more about the Keystone Home Loan Program, you can visit the Pennsylvania Housing Finance Agency's official website.
Keystone Home Loan Program For First Time Homebuyers in Pennsylvania
Back to Page 1
About The Author
Iola Bonggay is an editor of TopGovernmentGrants.com one the the most comprehensive Websites offering information on government grants and federal government programs.
She also maintains Websites providing resources on environmental grants and grants for youth programs.
|
Additional Government Grants Resources
What is the Difference between Getting a Federal Student Loan and a Private Student Loan?Student loans can be very tricky, and are very confusing to most. In many situations, families are accepted for all different kind of loans and then are left in the dark when it is time to pay it back or fail to realize that they owe as much due to accrued interest.
Financial Aid for Students - The Role of the Federal Student Aid OfficeThe Federal Student Aid Office makes sure that eligible students get to benefit from financial assistance to complete an education beyond high school. The Office plays a vital role in the entire financial aid process and has an active role in ensuring that students have access to all the information they need when requesting federal assistance to attend college.
Down Payment Assistance Loan for First Time Home Buyers in New YorkIn line with this, The State of New York Mortgage Agency has been running the Down Payment Assistance Loan Program (DPAL) wherein it intends to help first time home buyers overcome the setbacks brought about by down payments and closing costs.
Business Loans From GovLoansThe government has launched innumerable programs that are all geared towards the achievement of this goal. Some of these programs involve the provision of technical assistance, training sessions, and strategies that would potentially help business owners in marketing their products and in expanding their businesses.
Small Business Administration's Small Business Investment CompaniesThe Small Business Investment Companies Program revolves around the notion of developing privately owned and managed investment companies which will be licenses and regulated by the Small Business Administration, so as to provide equity capital, long term loans, and advisory services to small business requiring such services.
Using DNA Technology to Identify the Missing ProgramIn keeping with this mission, the Office of Justice Programs has recently announced the establishment of Using DNA Technology to Identify the Missing Program.
Capacity Building Assistance to Improve Health in Tribal Populations ProgramIn keeping with all its existing programs and objectives, the Centers for Disease Control and Prevention has recently established a funding opportunity to promote the Capacity Building Assistance to Improve Health in Tribal Populations Program.