Tag Archive | Marshall

No Downpayment Loan from USDA Rural Housing Service 502 Direct Loan program

USDA and the Rural Housing Service (RHS) has available funds in its Section 502 Direct Loan Program that must be used by September 30, 2015 for buyers that want to live away from the city.  The Washington DC field office reported : “As of August 13, 2015, RHS has enough to fund approximately 2,500 additional home loans.”   

This is a loan for buyers in Non city areas- “rural areas” whose adjusted income does not exceed 80 percent of the area median. There is no down payment requirement and the interest rate are really low. Areas like Warren County, Culpeper,  Orange County, Page County, Rappahanock County, Front Royal and Linden, Virginia should  qualify for this program. Some parts of Fauquier County Catlett, Warrenton and Marshall may qualify. Rural parts of Maryland Counties may also qualify such as North Western Montgomery County, Brunswick to Middletown and Parts of Carroll County, MD.

This is a direct loan program that is different then the Guaranteed loan program. You must apply thru an RHS field office and not thru a mortgage lender for the Direct Loan.  Loan funds may be used to purchase existing homes, to build, repair, renovate or relocate a home, or to purchase and prepare sites, including providing water and sewage facilities.

Contact me if you are interested you have until the end of September 2015 to get started, Contact me and I can help you get started thru a Rural Housing field office lender and check to see if you meet the income criteria.  GreatDCMetroHomes.com

First Time Buyers MCC Tax Savings introduced by VHDA

Virginia Housing Development Authority, VHDA now has a new program they are introducing.  The Mortgage Credit Certificate (MCC) program has been implemented to save a first-time homebuyer thousands of dollars by reducing the amount of federal income tax they owe. Take a look at the simple, animated video which explains how an MCC from VHDA works.

Next VHDA Home buying class for Northern VA is June 23rd and 34th 6-9 pm 

10629 Crestwood Dr Manassas VA 20109, Home Buyers Marketing II, inc

must attend both nights to receive VHDA Home ownership education certificate.

Must RSVP to djoneshomes@gmail.com

Home Buying 101 Bunch Free 2hr class

If you are serious about buying a home in 2015 then this class is designed for you. Stop dreaming of home buying and make it Reality. Free Brunch Included,

April 25th 10am-12noon  (2 hour class)

Location: 10629 Crestwood Dr Manassas VA 20109

Sponsored By Home Buyers Marketing II, Inc Dee Dee Jones and WestStar Mortgage Markita Woods

This is a condensed version of the home buyers education class everything you need to know in 2 hours plus Get pre qualified for a home loan on the spot bring your pay check stub.

Call, text, or email to RSVP, leave name and phone number and number of guest.

Must RSVP to Dee Dee Jones 703-five96-five884 call, text, or email djoneshomes@gmail.com