Homeowners' Equity Recovery
Opportunity Loan Program (HERO)
Opportunity Loan Program (HERO)
| Housing Partnership of Chester County |
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| Explore the Housing Partnership |
| Learn about our programs |
New from the Pennsylvania Housing Finance Agency:
HERO is a loan program designed to improve the financial situation of Pennsylvanians who are not able to
afford their current mortgage payments. The HERO program provides for up to 100 percent financing but,
instead of refinancing your current mortgage into a new loan, PHFA purchases your loan directly from your
current lender and then sets you up on an affordable repayment agreement. This program is for borrowers
not eligible for other mortgage refinance products available in the general market due to credit issues or owing
more than your home's current appraised value.
HERO is a loan program designed to improve the financial situation of Pennsylvanians who are not able to
afford their current mortgage payments. The HERO program provides for up to 100 percent financing but,
instead of refinancing your current mortgage into a new loan, PHFA purchases your loan directly from your
current lender and then sets you up on an affordable repayment agreement. This program is for borrowers
not eligible for other mortgage refinance products available in the general market due to credit issues or owing
more than your home's current appraised value.
For more information, please call our
office at (610) 518-1522 or send an email
to hpcc.info@verizon.net. Click on the link
below to download an application.
office at (610) 518-1522 or send an email
to hpcc.info@verizon.net. Click on the link
below to download an application.