Pennsylvania Housing Finance Agency - Access Home Modification Program
PHFA Loan Programs
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Description of Service
Access Home Modification Program loans are available to buyers who need to modify the home they are purchasing to suit the living needs of a household member with a disability. Eligible modification items may include, but are not limited to, bathroom modifications; installation of grab bars and handrails; kitchen modifications; lifting devices; main level bathroom or bedroom addition; ramp addition or repair; sidewalk addition or repair; and, widening doorways or hallways.
The loan application, processing, and closing is handled by a network of participating lendersthat have been approved and trained by the Agency - check the web for current list.
-Not less than $1,000 and no more than $10,000. Funds will be available on a first-come, first-serve basis.
-Access Home Modification loans are available in addition to any downpayment and/or Closing Cost Assistance or HOMEstead funds for which the applicants may qualify. These additional mortgages will NOT be factored into maximum loan-to-value financing limitations.
-This is a non-interest bearing loan with no monthly payment. The loan becomes due and payable upon sale, transfer, or non-owner occupancy of the property.
-Applicants must be homebuyers who are persons with a permanent disability or have a family member(s) living in the household with a permanent disability who are purchasing a new or existing home with a loan originated through one of the Agency's homeownership loan programs.-Applicants may apply for any of the Agency's first mortgage programs (i.e., Keystone Home Loan, HFA Preferred Risk Sharing™, HFA Preferred™, HOMEstead, or the Keystone Government Loan).-Applicants must meet the underwriting guidelines for the first mortgage program in which they are applying. Refer to Seller's Guide for program guidelines.-All applicants with middle credit scores below 660 are required to complete homebuyer education and counseling prior to closing.
Fees or Charges
Types of Fees
Access mortgage loans are interest free and have no fees.