Finance
Pennsylvania law requires which type of borrower counseling for PHFA loans?
AMandatory home inspection completed by a licensed inspector
BHUD-approved homebuyer education counseling for certain PHFA programs✓ Correct
CCredit repair counseling completed 2 years before application
DFinancial literacy classes through the Pennsylvania Department of Banking
Explanation
Many PHFA first-time homebuyer and affordable mortgage programs require completion of a HUD-approved homebuyer education course. This counseling helps borrowers understand the mortgage process, their responsibilities as homeowners, and available resources — reducing default rates on PHFA loans.
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