PHFA HOMEstead Program

Administered by: Pennsylvania Housing Finance Agency (PHFA) · State · Forgivable Loan

Funding status: Active

How much assistance

Up to $10,000 (Forgivable Loan)

Forgiven at 20% per year over 5 years of owner-occupancy.

Income limits: At or below 80% of area median income (AMI). Limits vary by county.
First-time buyer required: Yes — Must not have owned a home in the past 3 years, or must be purchasing in a targeted area.
Geographic restrictions: Not available in counties that receive their own federal HOME allocation, including Philadelphia County. Most homes built prior to 1978 are not eligible.
Homebuyer education required: Yes

Step 1: Contact a PHFA-approved participating lender. Must be paired with a PHFA Keystone Home Loan. Apply through your lender.

Philadelphia County is excluded from this program because it receives its own federal HOME allocation.