The American Recovery and Reinvestment Act of 2009 provided a federal income tax credit for first-time homebuyers of ten percent of the sales price, up to a maximum of $8,000, for the purchase of a new or existing home. The tax credit is available to qualified homebuyers who purchase a home before December 1, 2009.

To help buyers that need down payment and closing cost assistance when purchasing a home with the tax credit, a number of HFAs are offering special short-term second loans to qualified buyers. These loans are available for little or no interest and may be repaid with the homebuyer tax credit refund.

Linked below are descriptions of HFA first-time homebuyer tax credit loan programs.

Pennsylvania Housing Finance Agency (

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