Little to No Savings? VHDA Loan for the Path to Homeownership
Question: A borrower wants to buy a $300k home but only has $3k or less in savings. A normal lender will say we will need a Gift letter from a family member or we will need to wait until borrower has more savings.
Solution: We can offer them a product today with little to no savings. Don’t miss out on homeownership because you don't think you have the cash on hand.