What makes Christmas and New Year’s better than friends, family, and savings? How about owning a home? The holiday season is a cheerful time spent with family, but for those of us with families
Hampton Roads Maximum FHA Loan Amounts
With all the new hoopla over FHA decreasing loan limits Oct 1st, the new amounts are as follows for Hampton Roads cities:
Maximum FHA loan amounts for the area:
One family home up to $458,850
Two family home up to $587,400
Three Family home up to $710,050
Four Family Home $882,400
It makes since home prices declined so the loan price declined. FHA loans require a minimum 3.5% down. Virginia Housing Development Administration VHDA has a program that may allow buyers to finance the down payment creating a 100% loan program. Buyers must meet certain income and debt guidelines. For more info on either program contact me!
THE HAMPTON ROADS REAL ESTATE LADY
DEE DEE JONES 757-831-8294
Having lived in other cities, such as Cleveland and Idaho Falls, I only appreciate Hampton Roads that much more. Why? Because from almost anywhere in our area, a beach is only about a 20 minute dri....