FHA MORTGAGE LOANS FOR STAFFORD COUNTY VIRGINIA HOME BUYERS - FHA Loan Limit $729,750 and 3.5% Down

ANNOUNCEMENT:  New VA Loan limit raised to $729,900 through Dec. 31, 2008

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 AQUIA HARBOR, a waterfront community in Stafford County, VA.  All of Stafford County is covered by the new FHA loan limit of $729,750.  AND the down payment is 3.5%, 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.                                                                      

YES!  3.5% 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.

                               Waterfront Homes in Aquia Harbour are eligible for FHA financing with 3% down. 

Aquia Harbour, a beautiful gated community in the northern area of Stafford County, Virginia.  Located along the historical Aquia Creek approximately 45 miles south of Washington DC.  Aquia Harbour is an easy commute to Quantico in Prince William County, just north of Stafford and only about 30 minutes to Fort Belvoir Army Base in Southern Fairfax County.

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. 

NEW FHA LOAN LIMITS FOR NORTHERN VIRGINIA 2008.

WATERFRONT HOMES FOR SALE IN AQUIA HARBOUR IN STAFFORD COUNTY IN THE PRICE RANGE OF $375,000 to $699,900.   The homes featured below are all Detached Single Family Homes in Stafford on Aquia Creek in Aquia Harbour, Stafford Virginia.

For specific loan information, contact Lenn Harley, Broker, Homefinders.com, 800-711-7988.

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

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