FHA Loan Limits for Hampton Roads Changes

With all the new hoopla over FHA decreasing loan limits Oct 1st, the new amounts are as follows for Hampton Roads cities:

Chesapeake, Virginia Beach, Norfolk, Newport News, Suffolk, Portsmouth, Hampton, and Williamsburg

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!

Call me to buy a home in any Hampton Roads area: Norfolk, Virginia Beach, Chesapeake, Portsmouth, Suffolk, Newport News, Hampton, Williamsburg, and now serving York County and the Peninsula.

“I can dream alone, build alone and strive alone, but true

success always requires the help and support of others.

Please send me your referrals.”

Visit my website today,

The Hampton Roads Real Estate Lady!

Deandrea “Dee Dee” Jones

Associate Broker / Recruiting Sales Manager Peninsula

Blu Skyy Realty Virginia Beach, VA

http://DJonesRealEstate.com

djoneshomes@gmail.com

Tags: , , , ,

About djonesrealestate

Contact me for all you real estate buying and selling needs in VA, DC, and MD. Need to find an agent in a different city- contact me and I can also help you relocate Nationwide! Let me give you the Red Carpet Treatment! I have been a Real Estate agent since 1996 previously licensed in California and Illinois, and currently licensed in Virginia, Maryland, and Washington DC. I am a mother of three and a Navy spouse, as your agent I am committed to exceeding your expectations. Whether you are a first time home buyer or some one who has bought and sold several homes I offer all my clients the benefits of professional customer service, industry experience, and innovative marketing. If you work with a church or non-profit group and would like me to host a home buying course. Please feel free to contact me! DeAndrea Dee Dee Jones Principal Broker DC, MD Realtor VA Home Buyers Marketing II, Inc HBM2, Inc. DJonesRealEstate.com

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: