The Homebuyer Advantage Program
If you're a Pennsylvania home buyer, whether this is your first home purchase or not, the Homebuyer Advantage Program is a great loan to consider. It's designed to make owning a home more accessible and more affordable, yet many buyers simply aren't aware of this loan. At BMC/Keystone, we have experience with this program and its features:
- Up to 100% financing available - little to no money down
- Compatible with a seller assist up to 6% towards closing costs
- No mortgage insurance
- Not restricted to just first-time buyers
Buy a home with little money down and no mortgage insurance?
Yes, this is possible. Sure, there are other loans that allow for a seller assist or offer options low money down, but they often require mortgage insurance. The Homebuyer Advantage Program offers a lot of great features that not only help the first time homebuyer, they're attractive to previous buyers who are looking to make a move.
Refinance with Homebuyer Advantage Loan
For the right circumstances, this loan also makes a great refinance choice. If you are still paying mortgage insurance on your current loan, a refinance could mean big savings. With a Homebuyer Advantage Loan you can refinance your existing loan up to 97% of the appraised value...without any mortgage insurance. If you're paying mortgage insurance every month, it's certainly worth talking to a mortgage professional to see if you and your home meet the requirements.
What's are the requirements?
Loans are like products, each has its own list of features like interest rate, terms, and down payment requirements.
- Minimum FICO score of 660
- Geographic restrictions
- Income restrictions may apply
- You must own the home you are financing
- The borrower(s) must complete a home buyer education program if they have not owned a home within 24 months.
Find out if you qualify and get pre-approved by a Homebuyer Advantage Lender.
For more information about this and other loan options for Pennsylvania, please contact BMC Home Mortgage in Glenside PA. Take advantage of our no-cost, no-obligations consultation to review your financing plans, your credit history and today’s great rates.
- Find out if you qualify for any money-saving programs.
- Get your interest rate based on your current credit score
- Know how much house you can afford
- Get a letter of pre-qualification
Request an appointment online or call our office during regular business hours at (215) 885-4828.
We shop the mortgage market and match you with the right lender.
Located in Glenside, BMC Keystone Home Mortgage is a Pennsylvania licensed mortgage brokerage. Simply put, we match home buyers with mortgage loans. We shop around, scanning dozens of lenders to find the lowest rates possible, the lowest fees and the loans that close as fast as possible.
Our mortgage experience and knowledge of the different mortgage programs set us apart.
With all the different loans, pricing and guidelines, it's important to have knowledge and experience on your side. We help borrowers choose the best mortgage based on their financial needs and offer assistance with obstacles such as credit issues so that they can get the lowest rate possible. You can count on attentive service, a quick loan approval and a smooth settlement process.
BMC Keystone was WONDERFUL!
"As a first time home buyer, we were very nervous about the financing. Terri was great and put all of our fears at ease. She was great in communicating where we were and what steps were next. She always responded quickly to any emails or voicemails. She truly made our home buying experience enjoyable. I would recommend her to anyone!"
-Zillow Review, Rerose44 from 19401
View more mortgage loan programs.