Keystone Home Loan PLUS Program
Page 2

1) Must be a first time homebuyer

2) If not a first time homebuyer, must be planning to purchase a home in a targeted area

3) Must not have a collective annual income (derived from the all the annual income of the adults who plan to occupy the desired home) that will exceed the limits set by the Keystone Home Loan Program

4) Must have a good credit history and sufficient income to cover the mortgage

5) Must possess sufficient funds that could cover the mortgage and closing costs.

6) Must have sufficient funds that would cover the downpayment cost of the desired home.

In addition, the borrower must also satisfy the addition requirements as set by the Keystone Home Loan PLUS Program:

1) All of the adults who is set to live in the home within 12 months after paying the closing costs must all be classified as first time home buyers, which entails that all of them should not have owned or occupied a single home for the last 3 years.

2) The gross yearly household income of all the adults that seek to reside in PHFA-financed home within 12 months from loan closing should not go beyond the Keystone Home Loan PLUS income limit.

3) The actual purchase price of the borrower's desired home must not exceed the limits set by the Keystone Home Loan purchase price limits.

4) The collective household liquid assets should not be more than $5,000 after the subtracting the funds that are needed to close the loan.

Keystone Home Loan PLUS Program
  Back to Page 1

About The Author Iola Bonggay is an editor of TopGovernmentGrants.com one the the most comprehensive Websites offering information on government grants and federal government programs. She also maintains Websites providing resources on health grants and environmental grants.

Additional Government Grants Resources

Identifying Heart, Lung, and Blood Disease-Causing Variants
The National Institutes of Health has formed a partnership with the National Heart, Lung, and Blood Institute to establish a program that aims to Identify Heart, Lung, and Blood Disease-Causing Variants.

---

The Basics of Finding a Loan for People with Bad Credit
If you've ever tried finding a loan for people with bad credit, you might think that it's impossible. Everywhere you turn, it seems as though there's nothing but rejection to be found. Don't give up,...

---

Community Development Financial Institutions
Community Development Financial Institutions are basically financial institutions who possess the ability to provide credit and financial services to underserved industries and communities.

---

Down Payment Assistance Loan for First Time Home Buyers in New York
In line with this, The State of New York Mortgage Agency has been running the Down Payment Assistance Loan Program (DPAL) wherein it intends to help first time home buyers overcome the setbacks brought about by down payments and closing costs.

---

Environmental Exposures and Health: Exploration of Non-Traditional Settings Program
In according with this mission, the National Institutes of Health has partnered with the National Institute of Nursing Research (NINR) and the National Institute of Environmental Health Sciences (NIEHS) to establish the Environmental Exposures and Health: Exploration of Non-Traditional Settings Program.

---

OMICS Technologies For Predictive Modeling of Infectious Diseases Program
In keeping with this mission, the National Institutes of Health has formed a partnership with the National Institute of Allergy and Infectious Diseases (NIAID) in an attempt to establish the OMICS Technologies For Predictive Modeling of Infectious Diseases Program.

---

Effects of Adolescent Binge Drinking on Brain Development
The National Institutes of Health, in close cooperation with the National Institute on Alcohol Abuse and Alcoholism (NIAAA) has established the Effects of Adolescent Binge Drinking on Brain Development Project.

---