A first-time home buyer in Pennsylvania (PA) is an individual or family purchasing a residential property for the first time in the state of Pennsylvania. Often abbreviated as FTHB PA, this term encompasses individuals and families taking their initial step into homeownership.
FTHB PA has gained prominence due to its significant benefits, including tax incentives, potential for appreciation, and the establishment of stable housing. Historically, the Pennsylvania Housing Finance Agency (PHFA) has played a crucial role in supporting FTHB PA, offering various assistance programs and initiatives.
