WELCOME TO THE NEW FHA LOAN.   VIRGINIA REAL ESTATE OPPORTUNITY FOR HOME BUYERS.

HAVING TROUBLE GETTING A CONVENTIONAL HOME LOAN APPROVED?  You bet!  Is the home you wish to buy in a "declining market"?  What's a "declining market"?  What's the solution?  FHA loan limits up to $729,750 for Bristow, Dale City, Dumfries, Gainesville, Haymarket, Manassas, Manassas Park, Woodbridge.  All of Prince William County is covered by the new FHA loan limit of $729,750.  AND the down payment is 3%, AND you may qualify for down payment assistance. 

DECLINING MARKET.  Mortgage companies are smart.  While home prices in the Virginia real estate market have come down significantly, conventional mortgages have become harder and harder for buyers to get approved.  5% has become 10% and 10% has become 20%.  In designated "declining market" areas, areas where prices have declined, underwriting and appraisal guidelines are much more difficult than in the past 5 years.  Mortgage companies want to protect themselves from the risk of making loans on homes whereby the market value is likely to decline.  They protect themselves by limiting the amount of money they will lend on properties where there security (the property) will decline in value. 

What is the solution?

YES!  3% Down loans are available with FHA Financing.  BUT, THAT'S NOT ALL.  If you qualify, you may be able to obtain DOWN PAYMENT ASSISTANCE from the Down Payment Assistance programs offered by the Nehemiah Program.  Wait!  There's more.  With FHA Financing, you may receive up to 6% closing cost assistance from the Seller.  Of course, the seller must be willing to make this contribution.  In today's real estate market, our buyers agents are negotiating contracts with helpful closing cost contributions to help our buyers with costly settlement costs.

                               Homes in Manassas on acreage are eligible for FHA financing with 3% down. 

Beautiful homes like the above with porches and 2 car garagess in the back are priced at very affordable $450,000 to $500,000.  Homes in Gainesville and Haymarket are in visual range of the Blue Ridge Mountains.

                                                                   Beautiful new homes now elegible for FHA Financing. 

ENTER FHA MORTGAGE FINANCING.  Just in time, the loan limits for FHA insured mortgage loans will help many home buyers obtain financing at a reasonable cost.  The new loan limit for FHA is $729,750. 

HOMES FOR SALE IN BRISTOW IN PRINCE WILLIAM COUNTY IN THE AVERAGE PRICE RANGE OF $350,000-$400,000.   The homes featured below are all Detached Single Family Homes in Bristow with 4 Bedrooms or more, 2 Full Baths or more and a 2 Car or more Garage. 

For specific loan information, contact
Bruce Thanh
JPMorgan Chase Bank, N.A.
3190 Fairview Park Drive Suite 100
Falls Church, VA 22042
Phone: (703) 641-6231

Ask about the Homefinders FREE Home Warranty and Home Inspection REBATE.

Courtesy, Lenn Harley, Broker, Homefinders.com, 800-711-7988.