Tag Archive | vhda guidelines

Attention Chesapeake Hampton Roads Homebuyers VHDA loan changes 2011

VHDA loans

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.

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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 djoneshomes@gmail.com

Associate Broker Blu Skyy Realty Virginia Beach, VA