How to Buy a House in Pennsylvania: Step-by-Step Guide
Follow these 10 steps to navigate the home buying process in Pennsylvania. Note: Pennsylvania requires an attorney at closing.
Check Your Credit Score & Finances
Review your credit report, calculate your debt-to-income ratio, and determine how much you can afford. Most lenders want a credit score of 620+ for conventional loans, or 580+ for FHA loans.
Get Pre-Approved for a Mortgage
Contact multiple lenders to compare rates and get a pre-approval letter. This shows sellers you're a serious buyer and tells you exactly how much you can borrow.
Pennsylvania Note: The current FHA loan limit in Pennsylvania is $472,030.
Find a Real Estate Agent
Work with a licensed Pennsylvania real estate agent who knows your target area. Agents are regulated by the Pennsylvania Real Estate Commission.
Search for Homes & Make an Offer
Browse listings in Pennsylvania where the average home price is $286,397. Homes typically stay on market for 35 days. When you find the right one, your agent will help you submit a competitive offer.
Get a Home Inspection
Hire a licensed home inspector to evaluate the property's condition. This typically costs $300-$500 and can save you from expensive surprises.
Secure Your Financing
Finalize your mortgage application, lock in your interest rate, and provide all required documentation to your lender. The lender will order an appraisal.
Get Homeowners Insurance
Shop for homeowners insurance in Pennsylvania. Your lender will require proof of insurance before closing. Compare at least 3-4 quotes.
Review Closing Disclosure
You'll receive a Closing Disclosure at least 3 business days before closing. In Pennsylvania, average closing costs are $16,192 (5.65% of the home price). Review every line carefully.
Close on Your New Home
Pennsylvania requires an attorney to be present at closing. You'll sign all final documents, pay closing costs, and receive the keys to your new home.
Move In & File Your Homestead Exemption
Congratulations! Move into your new home and update your address with the USPS, your employer, and financial institutions.
Pennsylvania Legal Quick Reference
Conveyance
Special-warranty or general-warranty deed
Security
Mortgage
Foreclosure
Judicial
Attorney
Required
Seller Disclosure Requirements
Sellers must disclose known material defects not obvious to buyers-structural issues, water/sewage problems, pest infestations, environmental hazards, conditions of systems and appliances, title issues and legal restrictions. Psychologically impactful events need not be disclosed.
