Monday, August 1, 2011
VHDA is pleased to announce an increase in maximum income limits, making
it possible for more first-time home buyers and anyone who has not purchased in last 3 years to qualify for a VHDA loan.
Income limits increased in all areas of Virginia.
In Hampton 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
payment requirement. For more info on locating a VHDA lender and loan guidelines give me a call asap.
Buyers: FREE Access to Home Listings, FREE 2-10 1yr Home Warranty plan, FREE Home Buying Consultation, FREE Transaction Coordination, FREE Buyers Representation Service, FREE Tours of Homes. Buyers receive and Sellers offer 1 MONTH FREE Cox Bundle Package. Sellers: Ultimate Marketing Package to get your home SOLD!
If you are in Hampton Roads, Southern Virginia Cities: Chesapeake, Hampton, Newport News, Norfolk, Portsmouth, Smithfield, Suffolk, Williamsburg, York County. Join the Group, http://activerain.com/groups/hamptonroads
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Deandrea "Dee Dee" Jones email@example.com
Associate Broker Blu Skyy Realty Virginia Beach, VA