Looking to buy a home in Central Pennsylvania? Mortgage rates are at historic lows and there's a lot to attract first time home buyers this summer.  You may be ready to own a home but need some assistance with the downpayment and closing costs.  If you live in Cumberland, Dauphin, Lebanon, or York counties, you may qualify for a no-interest second mortgage from the Pennsylvania Housing Finance Agency (PHFA).

Eligible buyers could get as much as $10,000 in order to help with closing costs or a downpayment.  The minimum loan amount is $1,000.00, and borrowers must have enough for a downpayment of 3% of the purchase price or $1,000.00 with a minimum credit score of 660.  The HOMEstead loan will provide the funds for the remainder of the downpayment and closing costs. 

In order to apply for this loan, buyers must meet certain income limit and purchase price limit requirements.  Also, not all areas in Central PA qualify for this loan, but if you are in Cumberland PA (Carlisle Boro), Dauphin PA (City of Harrisburg), Lebanon PA, or York PA (City of York) and meet the income and purchase price limits, there is a good chance you can take advantage of this no-interest loan.

Please contact Home National Mortgage for more information on how this program can benefit your unique situation.  If you’re looking for personal service and have questions regarding loans, be sure to connect with one of our mortgage specialists at www.homenat.com. They have local offices serving all of Lancaster, Lebanon, York, Hershey, Harrisburg, and Cumberland County PA.