PHFA: HFA Preferred (Lo MI)

The HFA Preferred™(Lo MI) loan, mortgage insurance is provided by one of several private mortgage insurance companies when the borrower puts down less than 20 percent (20 %) towards the purchase of the home.

This program also provides a refinance option for homeowners seeking to lower their current monthly mortgage payment on their primary residence. Cash back is limited to $2,000 or two percent (2 %) of the balance of the new PHFA loan, whichever is less. Click here to learn more.

Contact: Kate Newton

Phone: 717-780-3871

Email: knewton@phfa.org

URLhttp://www.phfa.org/consumers/homebuyers/hfaprograms.aspx

Additional Information: 30 years- life of loan

HomeHUB Editorial Board

The content of HomeHUB© is informed by a Editorial Board which consists of representatives of key statewide stakeholder entities that believe in the importance of rebuilding homeownership in Pennsylvania. For additional information, visit our "About" page.