The Pennsylvania Housing Finance Agency (PHFA or the Agency) offers home purchase loans with competitive interest rates and fees that carry a fixed interest rate for 30 years. Assistance loans are also available to eligible buyers. PHFA loans are originated, processed, and closed by a network of approved participating lending institutions. The loans and servicing rights are then purchased by the Agency following settlement. PHFA loans are also originated by approved mortgage brokers who obtain sponsorship from a participating lender.
The closing agent is a crucial link in the process. Accurate and complete closing documents are necessary to ensure
the Agency can purchase the loan from the lender. It also ensures a smooth process for the buyer. PHFA's closing
instructions are a great tool for title agents to use for PHFA loan transactions. And smooth closings mean happy
lenders, REALTORS®, and buyers.