07/02/2026
Great new program as described by GRA! Ask me about it - it's really fantastic for a variety of Buyers.
The Pennsylvania Housing Finance Agency (PHFA) has launched Keystone – Due At Time of Expiration (K-DATE), a new home purchase assistance loan program providing down payment and closing cost assistance with 0% interest and no monthly payments.
Program Overview
The K-DATE loan program acts as a non-amortizing second mortgage. Repayment is fully deferred for up to 30 years and only becomes due when you sell the home, refinance, or completely pay off your first mortgage.
Financial Assistance Limits
The maximum assistance amount is determined by your total first mortgage loan amount:
Loans $150,000 or less: Eligible buyers can receive 8% of the lesser of the purchase price or appraised value.
Loans $150,001 or more: Eligible buyers can receive 5% of the lesser of the purchase price or appraised value.
No maximum cap: There is no maximum dollar limit on the assistance cash provided.
Eligibility Requirements
To qualify for the K-DATE program, borrowers must meet the following criteria:
Credit Score: All borrowers must have a minimum FICO score of 660.
Homebuyer Status: You do not need to be a first-time homebuyer to qualify.
Income & Purchase Limits: Your household income and the home's purchase price cannot exceed the regional limits set by the Keystone Flex Loan Program.
Borrower Contribution: Buyers must contribute the lesser of $1,000 or 1% of the loan amount for Conventional loans.
Education: All borrowers must complete a homebuyer education course from an approved PHFA Counseling Agency.
Homebuyers seeking more details can review guidelines on the PHFA Assistance Page or contact a PHFA-approved participating lender to apply.
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