A local builder is offering assistance with downpayments in Virginia Beach and Hampton Roads.
The down payment assistance is a true gift, requiring no repayment, no silent second mortgage, and no re-capture penalties.
You simply visit one of their Virginia Beach or Hampton Roads real estate developments, select from several participating communities, and advise that you would like to purchase the home under the “down payment” real estate gift program. Available price ranges from this builder are from $209,900 up to $323,900.
Other specifics of this Virginia Beach and Hampton Roads real estate offer include:
HUD allows homebuyers to obtain down payment money for real estate from special Non-Profit organizations.
Helps those credit worthy Virginia Beach and Hampton Roads real estate buyers who have been unable to save for a down payment.
No income or asset limitations.
Can be used in combination with other closing cost assistance programs
Some buyers may not need any out of pocket cash.
Example:
Sales price $250,000
Less down payment gift assistance $7500.00
Less closing cost assistance: $8500.00
You save $16,000.00
As with all offers, conduct your due diligence with your Realtor®.
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