Homeowners

If you already have a PHFA loan, we encourage you to set up an online profile by logging in to our secure loan servicing center. There you can find answers to questions about your mortgage and access your specific account information including balances and history.

The FHA Streamline Refinance loan product allows eligible homeowners to refinance their existing FHA loan to reduce their current monthly mortgage payment. The new loan can only include the outstanding principal balance minus any applicable refund of the Upfront Front Mortgage Insurance Premium (UFMIP) plus the new UFMIP, up to a maximum amount of 97.75% of the original appraised value. Cash back to the borrower is not permitted. Any and all subordinate loans must be re-subordinated or paid off by the borrower; they cannot be paid off with the new loan. A copy of your repayment history verifying timely mortgage payments will be required.

The VA Interest Rate Reduction Refinancing Loan (IRRRL) allows eligible veteran-homeowners to refinance their existing VA-guaranteed loan to a lower interest rate and reduce their current monthly mortgage payment. The new loan can only include the existing VA loan balance, allowable fees and charges, up to two discount points, and the VA funding fee. Cash back to the borrower is not permitted. Any and all subordinate loans must be re-subordinated or paid off by the borrower; they cannot be paid off with the new loan.

The HFA Preferred Risk Sharing™(No MI) and HFA Preferred™(Lo MI) programs provide a refinance option for homeowners seeking to lower their current monthly mortgage payment on their primary residence.

Assistance is also available to a homeowner who has an individual on-lot septic system that needs to be repaired or replaced. To learn more about this program, visit our PENNVEST Homeowner Septic Program page.

The Renovate and Repair Loan Program provides financing for homeowners to make renovations to improve the basic livability of their homes, as well as repairs to items affecting health, safety, energy efficiency, accessibility, and code violations.

The Homeowners Energy Efficiency Loan Program (HEELP) offers loans between $1,000 and $10,000 for specific energy efficiency repairs at a fixed-rate of one percent (1%) for ten years with no prepayment penalties.

Pennsylvania residents who are facing foreclosure may be eligible for assistance through PHFA's Homeowners' Emergency Mortgage Assistance Program (HEMAP), through Act 91 of 1983.