HENRICO COUNTY DOWN PAYMENT AND CLOSING COST ASSISTANCE PROGRAM
Program Highlights
Purpose
Provide down payment and closing cost assistance
Maximum Assistance or Loan Amount
$10,000
Benefits
Deferred, zero interest forgiveable loan
Next Steps
Participating Lenders
Choose own VDHCD-approved lender
Approved Education Providers
http://homeofva.org/GetHelp/Classes.aspx#.UgVDnRYpX0A
Program Guide/Flyer
http://homeofva.org/Portals/0/Images/PDF/DPA%207%20steps.pdf
Program Provider's Website
http://homeofva.org/HOME.aspx#.UgVDFRYpX0A
Program Provider's Phone
804-354-0641
Eligible Properties
Maximum Sales Price
$509,105
Geographic Coverage
Counties:
Henrico
Eligible Borrowers
Maximum Annual Household Income by Household Size
1: $40,850, 2: $46,650, 3: $52,500, 4: $58,300, 5: $63,000, 6: $67,650, 7: $72,300, 8: $77,000
Min Buyers Contribution
$1,000
Home Buyer Education
Yes
Maximum Assets Test
N/A
Home Buyer Obligations
The home must be owner occupied
Limitations
Must have resided in Henrico County for at least 90 days before applying for a loan.
Loan Terms
Product type
Community 2nd
Repayment Terms of the Loan or Assistance
5 Year deferred loan. 20% forgiven each year.
Interest Rate of the Loan or Assistance
0%
Approved 1st Mortgage Products
Mostly 30-year fixed-rate
Must live in the home as primary resident.
Limitations
Must use a VDHCA-approved lender.
Loan Terms
Product type
Community 2nd
Repayment Terms of the Loan or Assistance
5 Year deferred loan. 20% forgiven each year
Interest Rate of the Loan or Assistance
0%
Approved 1st Mortgage Products
Mostly 30-year fixed-rate
Use this grant program and other grant programs. Also Equity First Realty is pleased to offer a Cash Back Rebate to all home buyers. Please read below:
CASHBACK REAL ESTATE AGENT CASHBACK BUYERS AGENT
Get a cash back real estate rebate when buying your home. If you are looking to buy a home in Richmond Virginia area, then why not get a cash back home rebate? Just like retail product promotions for rebates where you get money back after you purchase a product, you too can get cash back on your home purchase! Equity First Realty offers to 1% or 1.5% of our real estate commission with buyers that use us as their representative in their real estate transactions. We are your premier Richmond Virginia Discount Real Estate Broker!
The Internet has changed the way real estate is bought and sold. Today's consumers have information at their fingertips. That saves us time and money and we pass those savings along to you with a Home Buyer Real Estate Rebate.1% or 1.5% the commission we earn goes back to our clients. The typical Richmond Virginia real estate buyer gets back between $5,000 to $8,000. Sometimes Much More!
Most Realtors won’t offer to give you a real estate rebate and will keep the whole commission to themselves, but Equity First Realty wants to PAY YOU for the work we know you have put into your own real estate search. The average Richmond Virginia commission can on average bring in a real estate commission of $15,000, and if you work with us, $7,500 of that can be cash in your pocket or even go towards your home purchase closing costs! Find out how you can take advantage of a home rebate today! Contact me today if your thinking about buying or building your next home, I look forward to servicing your needs. Real estate rebates are legal in the state of Virginia. Commission rebates are 100% permitted in Virginia and promoted by the U.S. Department of Justice: http://www.justice.gov/atr/public/real_estate/rebates.htm.
We are your premier Richmond Virginia Discount Real Estate Broker! *certain conditions apply
BUYERS
Earn a 1% rebate on the sales price of the home you purchase with Equity First Realty Cash Back Rebate Program. 1.5% is what we offer for new construction
By actively participating in the search for your home, you save us time and money, and we pass the savings on to you.
When a property is listed for sale, the seller typically pays a 3% commission to the buyer's real estate agent. Most real estate agents then keep all of the commission for themselves. When you use Equity First Realty as your exclusive buyer's agent and purchase a home, we don't keep all of the commission - we give you up to a 1% cash rebate on your home purchase and 1.5% for new construction.
By having Equity First Realty Realtor as your agent you are assured of great negotiating skills to get you the best price on your home, attention to detail to ensure your transaction is completed and handled correctly, plus up to a 1% cash rebate and 1.5% for new construction.
Finding your Virginia dream home has never been easier, use our links to get started.
The Marcus Rice Team specializes in residential and commercial real estate in the whole state of Virginia. We are tech savvy realtors with over 20 years experience. Please join us on our social networking network to stay up to date on Virginia real estate news and more...
The Marcus Rice Team can be reached at 804-247-8187 or mriceteam@msn.com
The Marcus Rice Team
Equity First Realty
4860 Cox Road, Suite 200
Glen Allen, VA 23060
Call The Marcus Rice Team at 804-935-8519 Office or 804-247-8187 Cell
Equity First Realty Broker Site: www.Equity1stRealty.com
Marcus Rice Team Site: www.RichmondVaHome.com
Military Appreciation Rebate Site: www.militaryvahomerebate.com
Virginia Hometown Hero Rebate Site: www.vahometownhero.com
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