Could You Qualify for Downpayment Assistance?

Are you having trouble saving up enough money for a downpayment? You're not alone. In fact, saving for a down payment is the largest obstacle to homeownership, according to a recent Zillow Housing Aspirations Report. While there are several mortgage programs available that offer little or 0% down such as the no money down USDA Loan, no money down VA loan, or the 3.5 percent down FHA Loan, saving up for all [...]

VHDA Introduces New Homeownership Program

In an effort to offer down payment assistance to more homebuyers, the VHDA has created a new second mortgage program, known as the VDHA Plus Second Mortgage. The program, which went into effect August 15, replaces the FHA Plus Loan Program. The VHDA Plus Second Mortgage, a VHDA-financed and FHA-insured home loan, allows eligible first-time buyers to finance down payment or closing costs. Under program guidelines, qualified buyers can borrow a percentage [...]

2018-10-09T10:56:54+00:00August 20th, 2018|Categories: Mortgage|Tags: , |

Could You Qualify for Downpayment Assistance?

Are you having trouble saving up enough money for a downpayment? You're not alone. In fact, saving for a down payment is the largest obstacle to homeownership, according to a recent Zillow Housing Aspirations Report. While there are several mortgage programs available that offer little or 0% down such as the no money down USDA Loan, no money down VA loan, or the 3.5 percent down FHA Loan, saving up for all [...]

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