Really interest rates are at an ultimate low! Combined with VHDA's (Virginia Housing Development Authority) new increased maximum income limits this makes it possible for more first-time home buyers and anyone who has not purchased in last 3 years to qualify for a VHDA loan.
No down payment? This may be no problem apply for a VHDA/FHA Plus loan that can help you with the 3.5% down payment. Regular VHDA loans follow FHA guidelines as well as specific income limits.
Income limits increased in all areas of Virginia. This is great news for those of us in Southern Virginia from Chesapeake to Williamsburg
Roads: Now for a family of 2 or less if you have a household income of $79,600 (up from $71,000) and for a family of 3 or more the house hold income increases to $92,200 (up from $80,000).
For home buyers who meet this income limit, a Home buyer Education class and other documentation requirements would be required to qualify.
VHDA mortgages offer an affordable fixed rate usually at a minimum 3.5% down payment and for those that qualify for a VHDAPLUS loan this can help you with the down
For more info on locating a VHDA lender and loan guidelines give me a call or email me asap.
Do Not Miss This Great Opportunity!
Visit my website today, The Hampton
Roads Real Estate Lady!
Deandrea "Dee Dee" Jones
Blu Skyy Realty Virginia Beach, VA