PA Housing Finance Agency

PA HOUSING FINANCE AGENCY PROGRAM

PHFA Overview

PHFA provides affordable mortgage financing to buy a home through a variety of programs. As an approved participating lender, Susquehanna Community Bank can review your application information to see if you are eligible for a PHFA mortgage.

Why should I choose a PHFA mortgage?

All mortgages are 30-year, fixed-rate loans, meaning that the principal and interest portions of your payment will never change. The escrow portion of your payment will increase due to changes in your property taxes or homeowners’ insurance. The rates are competitive, and there is never a prepayment penalty for paying your mortgage loan off early.

Keystone Forgivable in Ten Years (K-FIT) Loan Program

K-FIT provides downpayment and closing cost assistance for homebuyers utilizing PHFA’s Keystone Home Loan Program.

Eligible borrowers may receive:

  • A forgivable second loan of 5% of the lesser of the purchase price or appraised value with no maximum dollar limit.
  • Forgiven 10% a year over a 10-year period.

Some program requirements include:

  • Borrowers must meet the eligibility requirements for the Keystone Home Loan program.
  • Borrowers must have a minimum FICO score of 660.
  • Maximum financing is required.
  • Funds may be used toward downpayment and/or closing costs.
  • Borrower must have minimum contribution per PHFA guidelines.
  • Homebuyer education must be completed through on of PHFA’s approved counseling agencies.

To learn more, visit www.PHFA.org email bizdevelopment@phfa.org or call 717-780-3871.

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SUSQUEHANNA COMMUNITY BANK OFFICES WILL BE CLOSED IN OBSERVANCE OF THE FOLLOWING HOLIDAYS IN 2024-2025:

 

Monday, January 1st, 2024- CLOSED, New Year’s Day
Monday, January 15th, 2024- CLOSED, Martin Luther King Jr Day
Monday, February 19th, 2024- CLOSED, President’s Day
Friday, March 29th, 2024- Closing at 1:00 p.m., Good Friday
Monday, May 27th, 2024- CLOSED, Memorial Day
Wednesday, June 19th, 2024- CLOSED, Juneteenth
Thursday, July 4th, 2024- CLOSED, Fourth of July
Monday, September 2nd, 2024- CLOSED, Labor Day
Monday, October 14th, 2024- CLOSED, Columbus Day
Monday, November 11th, 2024- CLOSED, Veterans Day
Thursday, November 28th, 2024- CLOSED, Thanksgiving Day
Tuesday, December 24th, 2024- Closing at 1:00 p.m., Christmas Eve
Wednesday, December 25th, 2024- CLOSED, Christmas Day
Tuesday, December 31st, 2024- Closing at 3:00 p.m., New Year’s Eve
Wednesday, January 1st, 2025- CLOSED, New Year’s Day

Please remember that on holidays and weekends, you can still access online banking, mobile banking and telephone banking (570-568-2265) services.

Thank you for banking with us!