Finance
PHFA's 'HFA Preferred' loan program offers which benefit compared to standard conventional financing?
AZero interest rate for the first 5 years
BReduced mortgage insurance costs for borrowers with qualifying income✓ Correct
CNo income limits for any Pennsylvania borrower
DAutomatic approval regardless of credit score
Explanation
PHFA's HFA Preferred program (conventional) offers reduced private mortgage insurance costs for borrowers meeting income limits, compared to standard conventional PMI rates. This makes homeownership more affordable for moderate-income Pennsylvania buyers who qualify.
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