VHDA Just Announced A 5 Million Grant Program For Home Buyers

VHDA Just Announced A 5 Million Grant Program For Home Buyers

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VHDA just announced a $5 million grant program for home buyers....



Program Highlights: 


  • Grant program covers up to 3% of down payment (can only be used for down payment)                                                                                                                                                                                                                         

  • Virginia only                                                                                                                                                                                                                                                                                                  

  • Buyers can get a VHDA conventional loan with NO mortgage insurance and have the 3% required down payment paid with this grant                                                                                                                                                                                                                                                     

  • No matching or minimum contribution from the borrower                                                                                                                                               

  • Cannot be used in conjunction with any other grant or down payment assistance program                                                                                                                                                                                                                        

  • Borrowers must meet standard VHDA requirements and adhere to the maximum income and purchase price limits per location as shown in this PDF link: DPAsst3PercentProgramLimits.pdf


BUYERS START YOUR HOME SEARCH HERE!


Melody Visser Headshot
Author:
Phone: 703-785-8203
Dated: March 12th 2015
Views: 629
About Melody: Melody Hall Visser is a passionate Realtor who lists, sells, and dwells in Northern Virginia. Curren...

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