In 2021, plenty of first-time homebuyers are individuals. Sometimes, it’s the only way to go. Young people want to be homeowners, but it’s such a competitive marketplace that they need to get creative and go a more non-traditional route to make it happen.
Affordable housing has been a concern in Harrisburg proper for quite a while now. Discussions in City Hall about how to address the burgeoning problem have been taking place, seemingly ad nauseam.
In an effort to expand affordable housing opportunities throughout the state, the Pennsylvania Housing Finance Agency (PHFA) recently launched a loan to help with the purchase of a new home. But the catch with the new loan is that it is Forgivable In Ten years, thus the name it is known by – K-FIT (The K is short for Keystone).
These kinds of fees are troublesome for Millennials, many of whom make up the homebuying market and who are often dealing with student loan debt as they look to purchase their first home.