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Get Matched Free →PHFA Keystone Forgivable in Ten Years (K-FIT)
Funding status: Active
How much assistance
5% of the lesser of the purchase price or appraised value
Forgiven at 10% per year over 10 years of owner-occupancy.
Eligibility
- Income limits: Borrower income up to $196,200 (not household income). Liquid assets may not exceed $50,000 after deducting funds needed to close.
- Purchase price limit: $659,000
- First-time buyer required: No
- Credit score minimum: 660
- Geographic restrictions: Available statewide in Pennsylvania. Must be used with a PHFA Keystone Flex (K-FLEX) first mortgage.
- Homebuyer education required: Yes
How to Apply for PHFA Keystone Forgivable in Ten Years (K-FIT)
Contact a PHFA-approved participating lender. Complete required homebuyer education counseling. Apply through your lender who will submit the application to PHFA.