If you lose your job in Pennsylvania, but your credit has been okay up until then – help may be forthcoming.  The Pennsylvania Housing Finance Agency offers help where all that’s needed is a break.  According to CNN Money.com, candidates are carefully screened but the end result is it gives people who have recently lost a job the chance to find another one without losing their house in the process.

“You must have a reasonable prospect of resuming full payments within 36 months and of paying the mortgage in full,” [Brian] Hudson [program director] said.

Loan payments are made directly to the servicers and a lien is placed on the property. The aid is repaid at a 5.25% interest rate over 10 years on average, though the borrower’s financial circumstances are taken into account.

Bravo to Pennsylvania for offering this amazing program to its citizens who are trying to survive the hardships of this economy!

Photo by mknobil via flickr creative commons.