Pennsylvania · Subsidized loan

PHFA HFA Preferred (Lo MI)

Reduced MI + below-market rate

Conventional loan with reduced mortgage insurance. No first-time buyer requirement, no purchase price limit.

PHFA's HFA Preferred program offers reduced mortgage insurance through a partnership with Fannie Mae. Lower PMI costs save $50-150 per month compared to standard conventional loans, significantly improving monthly affordability.

AmountReduced MI + below-market rate

TypeSubsidized loan

Available inPennsylvania

First-time buyer requiredNo

Minimum credit score660

Multi-unit eligibleYes — 1-4 units

House-hack eligible

This program can be used on 1-4 unit properties. Live in one unit, rent the others.

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PHFA Keystone Advantage $6,000

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