PHFA Homebuyer Programs
Bucks County Bank offers PHFA conventional home mortgage products with competitive interest rates and other valued features. The HFA Preferred Loans offer potential financial advantages.
The one mortgage product can save homebuyers money by not requiring private mortgage insurance (PMI). The second mortgage product does require PMI, but for some consumers it may offer lower monthly payments.
Here are some other advantages of the new programs:
- Financing is available for up to 97 percent of a homeís value.
- Customers donít have to be first-time homebuyers to qualify.
- Both programs offer down-payment and closing-cost assistance.
- Homeowners seeking refinancing may also qualify.
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