We are (trying) to buy in Burnham as well and have some experience with the PHFA loans. Really they just require the appraisal and inspections, overall and pest, as long as those reports are positive there shouldn't be a problem. The bigger issue will be the lack of comps for the appraisal... that was tough for us as well. Be sure you have a good realtor or realestate attorney and a really good, sauvy and resposive lender. That is my best advice.