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PHFA Tax Credit Advance Loan Program - Explained
PHFA
Tax Credit Advance Loan Program Explained
 
First-time Homebuyer
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Goes to bank for home loan
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Bank recommends PHFA's Tax Credit Advance Loan
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PHFA approves loan
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PHFA writes check for settlement
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Bank handles settlement
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Bank sells loan to PHFA after settlement
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Homebuyer files 2009 taxes
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Homebuyer receives federal tax credit
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Homebuyer pays PHFA loan back