Purchasing a home is exciting, but for many first-time and young buyers, one obstacle stands in the way: the down payment. Among millennials who want to buy a…
PHFA Announces $500 Homebuyer Purchase Assistance Grant
The grant will help with down payment and closing costs; it does not need to be repaid
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HARRISBURG, Pa., March 15, 2021 /PRNewswire/ The Pennsylvania Housing Finance Agency today announces the creation of a $500 grant that can be applied to homebuyers down payment and closing costs when they are buying a home. This new grant is available for loans locked on or after March 15. This is our second announcement in March about a new purchase assistance program we ve created to help homebuyers, said PHFA Executive Director and CEO Robin Wiessmann. Down payment and closing costs are the biggest hurdle many homebuyers face when they purchase a home, and this $500 grant program will help address that challenge.