How does PHFA financing benefit Lenders and Brokers?

Advantages of PHFA Financing

  • Low interest rates mean more purchasing power for the buyer.
  • Possible downpayment and closing cost assistance to help you qualify more buyers and increase their purchasing power.
  • Buyers obtaining a PHFA loan get a 25 percent discount on their Title Policy in most cases, upon request.
  • Grateful buyers translate into more referrals and repeat sales.
  • Increase your networking power with REALTORS® and builders.
  • PHFA financing can be used easily with most loan types—conventional, FHA, VA, or RHS.
  • The delivery period lock (the number of days from lock in until the loan is purchased by PHFA) is 90 days for existing homes and 240 days for homes to be built. There is no extra fee or higher rate for the 240-day lock.
  • Lenders can enhance their CRA performance without the risk.
  • Participating lenders and brokers receive free PHFA marketing materials.
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