Program Summary: The Homebuyer Advantage Program is available to qualified Pennsylvania borrowers, whether they are a first time buyer or repeat buyer. It’s designed to make home ownership more accessible with up to 100% financing (little to no money down) and no mortgage insurance (no PMI).

The Homebuyer Advantage Program

If you’re buying a home in Pennsylvania, the Homebuyer Advantage Program could be your key to affordable homeownership.

What Is the Homebuyer Advantage Program?

This mortgage program offers up to 100% financing, no private mortgage insurance, and allows for a seller assist toward closing costs. Whether you’re a first-time homebuyer or purchasing again, this flexible loan program is worth exploring.

This is a great option yet many buyers simply aren't aware of this loan. At BMC Keystone, we have experience with this program

Benefits and Features

Loans are like products, each has its own list of features like interest rate, terms, and down payment requirements.

Purchase or Refinance
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

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.

Eligibility and 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.

Get Pre-Approved for a Homebuyer Advantage Loan

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.

Request a Free Mortgage Consultation

Know your credit scores and how they affect your rates
Review loan options and see if you qualify for any special programs
Overcome credit issues so that you can get the lowest possible rate
Get a letter of pre-qualification

Request an appointment online or call our office during regular business hours at (215) 885-4828.

LEARN MORE

Let us know what you’d like to discuss so we can be ready with the best options for your situation.

We shop the mortgage market for you.

BMC Keystone Home Mortgage, located in Glenside, Pennsylvania, is a fully licensed mortgage brokerage dedicated to helping homebuyers secure the best loan for their needs. As an independent broker, we have access to dozens of lenders and loan programs—allowing us to compare rates, fees, and terms to find the most competitive options available.

Experience and personal service that make a difference.

With so many loan types, pricing structures, and qualification guidelines, having an experienced mortgage professional on your side matters. Our team matches you with the right mortgage based on your financial goals and can assist with challenges such as credit repair or documentation. You can count on personalized guidance, quick loan approvals, and a smooth, stress-free closing from start to finish.

Frequently Asked Questions About Homebuyer Advantage Loan

Is the Homebuyer Advantage Program only for first-time buyers?

No. While it’s ideal for first-time buyers, previous homeowners can also qualify if they meet credit and income requirements.

Does this program require mortgage insurance?

No private mortgage insurance (PMI) is required, even with low or zero down payment—one of the biggest cost savings for eligible borrowers.

What is the minimum credit score for the Homebuyer Advantage Loan?

A minimum credit score of 660 is required, and additional income and geographic restrictions may apply.

Can I use seller assistance with this loan?

Yes, the program allows a seller assist of up to 6% to help cover your closing costs.

Frequently Asked Questions About Mortgage Brokers

Do mortgage rates vary by county in Pennsylvania?

Mortgage rates don’t vary by county, but property taxes, insurance costs, and local loan limits can. A lender or mortgage broker familiar with lending protocols in your county can accurately estimate costs and assure a smooth settlement process.

Why use a local mortgage broker instead of an online lender?

Unlike banks or online lenders, mortgage brokers aren’t tied to a single institution — they have access to multiple lending sources, including online loans. They also have access to wholesale rates and special programs. This flexibility allows them to shop the entire market to find the best rates and terms for your specific situation while providing personal service from real people, not call centers.

Does it cost extra money to use the services of a mortgage broker?

No. Working with a mortgage broker doesn’t cost you extra. At BMC Keystone, our compensation comes directly from the lender once your loan closes. Because we take your loan application, gather documentation, and perform much of the underwriting work, the lender pays us for those services. The borrower doesn’t pay a separate fee, and because we have access to wholesale rates from multiple lenders, our clients often secure better terms than they could find on their own.

What’s the difference between a mortgage broker and a lender?

A mortgage broker shops multiple lenders on your behalf to find the best rates and terms, while a lender offers loans from a single source.