Get Phfa Form 3
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How to fill out the Phfa Form 3 online
Filling out the Phfa Form 3 online is a critical step in applying for various housing finance programs supported by the Pennsylvania Housing Finance Agency. This guide will assist you in understanding and completing the form efficiently and accurately.
Follow the steps to complete the Phfa Form 3 online effectively.
- Click the ‘Get Form’ button to retrieve the form and open it in your editor.
- Begin by entering your name in the designated field, ensuring it is printed clearly as all applicants must attest to their eligibility.
- In the residence/property requirements section, provide the address of the property you intend to purchase, confirming that it will be your principal residence.
- Answer questions regarding rental restrictions and land use. If certain conditions do not apply to you, indicate 'N/A' in the relevant fields.
- Complete the first-time homebuyer requirement section if applicable. Provide details about previous homeownership to affirm your eligibility.
- Fill out the income information section. Ensure that you list all sources of income for every adult household member, including dependent students.
- Calculate your total acquisition cost following the guidelines in the form. Provide itemized amounts where needed and confirm they meet PHFA limits.
- Review the new mortgage requirement section. Confirm that proceeds from your mortgage loan will not be used to repay existing loans inappropriately.
- Authorize PHFA to verify your provided information. This includes past income and asset verifications necessary to support your application.
- Upon completion, review the form thoroughly for accuracy. Once satisfied, save the changes and choose to download, print, or share your form.
Complete your Phfa Form 3 online today to take the first step towards your housing finance goals.
A mortgage-to-income ratio of 31% or lower or below 43% when including other debts. If putting 10% down, a FICO score of 500-579. If putting 3.5% down, a FICO score of 580 or above. Property appraisal through an FHA-approved appraiser.
Fill Phfa Form 3
3. Mortgagor's and Seller's Affidavits. With pre-closing package. Don't miss anything! All payments are due on the first of each month. Completing this affidavit is essential for accessing key financing options. I am applying to the Pennsylvania Housing Finance Agency ("PHFA") for assistance through the. Pennsylvania Homeowner Assistance Fund ("PAHAF"). View your home's value in real-time! Browsing for Phfa Form 20? Here, you can download this form and edit or fill it out with our PDF editor online.
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