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March 2012 PHFA Form 63 Counseling Referral Form Please mark one: Pre-Purchasing Counseling Available to anyone considering purchasing a home. Pre-Closing Counseling (for PHFA s home purchase loans).

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How to fill out the PHFA Form 63 online

The PHFA Form 63 is a Counseling Referral Form designed for individuals seeking pre-purchasing or pre-closing counseling. This guide will provide you with step-by-step instructions to fill out the form online efficiently and accurately.

Follow the steps to successfully complete the form.

  1. Click the ‘Get Form’ button to access the form and open it in your editing platform.
  2. Indicate your counseling type by marking one of the options: 'Pre-Purchasing Counseling' or 'Pre-Closing Counseling.' Make sure to choose the correct option based on your situation.
  3. Fill in the lender or LPA name in the designated section. Include the address and contact person’s details, as well as their telephone and fax numbers.
  4. Enter the names and addresses of the borrowers. It is important to include all requested details accurately. Additionally, provide the respective FICO scores next to each borrower’s name.
  5. In the section for counseling agency referral information, provide the name and address of the counseling agency, along with a contact telephone number.
  6. Specify the date of referral and the proposed loan closing date to ensure all timelines are clear.
  7. In the comments section, indicate the PHFA Loan Program if applicable, and write any additional comments that may be relevant.
  8. Review the authorization statement, ensuring you understand that you permit the lender to share your information with the counseling agency as required.
  9. Finally, provide your signature and date, along with the co-borrower's signature and date if applicable. Ensure all required fields are completed before finishing.
  10. Once all information is entered, you can save your changes, download, print, or share the completed form as necessary.

Complete your PHFA Form 63 online today to streamline your home-buying process.

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PHFA oversees 30-year, fixed-rate mortgage programs with affordable interest rates and fewer fees. The mortgages can be conventional, FHA, VA or USDA loans. Each program has different eligibility requirements and restrictions, including household income or home price limits.

Each state has its own HFA eligibility requirements, but you'll typically need a credit score above 620 and a debt-to-income ratio at or below 45%. While HFA loans help credit-qualified borrowers who need help with a down payment, FHA loans help credit-challenged borrowers who can mostly afford a down payment.

Requirements Down payment of 3.5% for FHA loans or 3% to 5% for conventional mortgages (no down payment is required for VA or USDA loans) Minimum credit score of 660 required for conventional loans, which are insured by the Pennsylvania Housing Insurance Fund (PHIF) Income limits and purchase price limits apply.

Eligibility Requirements The purchase price of the home you intend to purchase cannot exceed the Keystone Flex Loan Program Purchase Price Limit. All borrowers must have a minimum FICO score of 660. You are not required to be a first-time homebuyer.

PHFA provides loans secured by liens on residential real property located in Pennsylvania to eligible homeowners who are in imminent danger of losing their home through foreclosure.

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