PHFA: HFA Preferred Risk Sharing

The HFA Preferred Risk Sharing™(No MI) loan does not require mortgage insurance, which is insurance coverage that is commonly required by lenders when the borrower has a downpayment of less than 20 percent (20 %) of the purchase price. 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



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.