EAH Resources

Benefits to the Employer:

  • Reduced turnover costs
  • Greater retention
  • Attractive recruiting feature
  • Controlled expense-set budget amount
  • Community revitalization
  • Eases tardiness and sick leave use
  • Strengthens loyalty and morale

EAH Employer Documents

»Employer Frequently Asked Questions

» Program Requirements

Gives the details of the program specific to the employer and helps to determine eligibility and outlines all rules of the program.

If your company does not currently have and EAH program we suggest looking into sending out this already assembled Employee Survey from PHFA and the Where Do I Start Document

 


Employee Documents

» Program Promissory Note
Outlines the terms of the loan taken out by the employee.

» Loan Agreement
An application given to the employer to address all questions and qualifications of the employee.

» Loan Notification to Mortgage Company
Notifies the mortgage company of employer assistance in housing costs.

Benefits to the Employee:

  • An interest rate one quarter percent (1/4 %) lower than the qualifying program rate.

See more at: http://www.phfa.org/lenders/eah/#sthash.TzxayHKg.dpuf


Combining the Employers benefit with a PHFA mortgage could save the employee thousands of dollars over the life of the mortgage loan. All PHFA loans offer the following advantages to eligible borrowers:

  • Competitive rates and fees
  • Free homebuyer counseling
  • Down payment and closing cost assistance
  • 30 year, fixed-rate terms
  • Mortgages for new or existing homes
  • Conventional, FHA, VA, and RD loans
  • Funds are available year round
  • Refinance loan programs available

See more at: http://www.phfa.org/lenders/eah/#sthash.TzxayHKg.dpuf