The Pennsylvania Housing Finance Agency (PHFA) announced new interest rates for the agency's home loan products - offering the lowest rates in the agency's 38-year history.
The following table shows the new interest rates for PHFA's 30-year, fixed-rate mortgage products in comparison to the previous rates.
|
Loan product |
Current rate |
Prior rate |
|
|
New construction: Keystone Home Loan, Keystone Home Loan PLUS and HOMEstead |
3.25% with 0 pts* |
4.5 |
|
|
Existing homes: Keystone Home Loan |
3.75% with 0 pts* |
4.75 |
|
|
New construction and existing homes: Keystone Home Loan PLUS |
3.25% with 0 pts* |
4.75 |
|
|
K-Gov Loans - 0 pts |
5.00%* |
5.25 |
|
|
K-Gov Loans - 1 pt + $300 |
4.75%* |
5.0 |
Descriptions of each of these PHFA loan products are available in the "Homeowner" section of the PHFA Web site at www.phfa.org. Search the site using the keywords: homeownership loans.
Income limits and loan limits do apply.
Buyers interested in taking advantage of these new lower interest rates can feel free to contact me at George.Maynes@prufoxroach.com or 215-317-3007. I would be more than happy to send you a pre-approval application and put you in touch with a local and reputable lender.
George Maynes and his team are excited to assist you in all of your real estate transactions. Please contact George Maynes for a FREE (no obligation) consultation if you plan to buy and/or sell a home. Whether you are buying or selling a home, George Maynes will always work in your best interest while helping to make your real estate transactions as stress free as possible.
George Maynes
Prudential Fox & Roach, REALTORS®
530 Walnut Street - Suite 260, Philadelphia, PA 19106
George.Maynes@prufoxroach.com
Cell: 215-317-3007
Office: 215-627-6005
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