Tax Credit Advance Loan

Tax Credit Advance Loan

Buying your first home?

Get an advance on your tax credit to use for closing!



The Pennsylvania Housing Finance Agency’s Tax Credit Advance Loan Program (TCA) provides an interest free loan of up to $6,000 to use towards downpayment and/or closing costs.



  • The maximum loan amount is $6,000 for newly constructed homes and $5,000 for existing homes, with a minimum loan amount of $500.
  • Buyer must invest a minimum of $1,000 of their own funds for conventional loans.
  • If TCA is repaid by June 30, 2010, the borrower pays no interest for the loan.
  • Any portion of the TCA not repaid by June 30, 2010, becomes a ten year loan at the same interest rate as the PHFA first mortgage; with monthly payments beginning on August 1, 2010.
  • You must be a first-time homebuyer.
  • You must fall within the Federal First Time Homebuyer Tax Credit income guidelines and PHFA’s income and purchase price limits.
  • Cannot be combined with other PHFA downpayment and closing cost assistance programs.
  • The homebuyer files for the Federal First Time Homebuyer Tax Credit with their 2009 federal income tax return and uses their tax refund to repay the Tax Credit Advance Loan.
  • Loan must close prior to December 1, 2009 (and be occupied, in the case of custom construction).
  • Funding is limited; therefore, loan availability is on a first come, first served basis.

For additional information, visit
or call 800.822.1174.

Edward G. Rendell, Governor
Brian A. Hudson, Executive Director and CEO