first time buyer programs in virginia: 1st Time Home Buyer in Woodbridge Gains $29,000 Instantly!
- 11/23/15 03:42 AM
A few weeks ago on a Sunday afternoon I recieved a phone call from one of my real estate agent friends (yes I answered the phone on Sunday). His buyer had been pre-approved by a different mortgage lender but the lender had failed to explain to his client the difference between down payment and closing costs when buying ahome. The buyer was using a FHA Loan and thought since the seller agreed to pay all closing costs, she did not need money at closing. To her suprise she was going to be short a few thousand dollars to cover the required minimum down payment for … (3 comments)
first time buyer programs in virginia: How you could gain $39,000 vs. spending $120,000 in the next 5 years!
- 10/08/15 04:48 AM
You have heard it all - now is the time to buy, rates are low, the cost of waiting, etc. The biggest reason I agree with buying now versus later is simply because you are ready to buy a home! Over the next five years a renter paying $2,000 per month will have paid $120,000 towards housing assuming the landlord DOES NOT raise the rent. That same $2,000 if used to pay a mortgage of $300,000 can gain or save you $39,509 even with the cost of maintenance, taxes, and cost to sell. The numbers assume a modest 2% appreciation rate over five years and … (3 comments)
first time buyer programs in virginia: Virginia First Time Buyers Programs Increase Income Limits
- 03/08/10 02:06 AM
Virginia First Time Buyers Programs Increase Income Limits The very popular VHDA Program has increased first time buyer income limits in the entire state but the Washington Metro area received a large boost to help more buyers with credit 620 score or higher qualify for financing through there first time buyer programs. Income limits for single person households increased from $86,900 o $97,500 and from $100,000 to $115,000 for households of three or more. The biggest hurdle besides credit for many first timers is cash for a down payment well VHDA's FHA Plus has solved this problem. The program allows eligible borrowers to … (0 comments)
A few weeks ago on a Sunday afternoon I recieved a phone call from one of my real estate agent friends (yes I answered the phone on Sunday). His buyer had been pre-approved by a different mortgage lender but the lender had failed to explain to his client the difference between down payment and closing costs when buying ahome.
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