PHFA (Pennsylvania Housing Finance Agency) announced good news this morning. They were down to about $200,000 of funding on the popular tax credit advance program.
They now have an additional Five Million dollars allocated
This is the program where they buyer gets a second loan of up to $6000 that can be used toward down payment and/or closing costs. This can be used to satisfy the buyer's minimum 3.5% down payment on an FHA loan.
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