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down payment assistance in virginia: Hey, Virginia! Free Money From VHDA for Your Down Payment!
- 03/20/15 12:05 AM
Virginia Housing Development Authority (VHDA) has just announced a new down payment assistance grant for borrowers who qualify. You are able to get 3% of the purchase price in FREE MONEY that does not have to be repaid.
The program began on March 12 and will continue through June 30, or, until the five million dollars in funds are allocated–whichever happens first.
Five million sounds like a lot of money, but let’s do the math. If the average purchase price is $180,000, that means the average grant will be $5,400. Using those figures, only 925 people in Virginia will be able to receive the funds.
Here’s an overview … (1 comments)
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Virginia Housing Development Authority (VHDA) has just announced a new down payment assistance grant for borrowers who qualify. You are able to get 3% of the purchase price in FREE MONEY that does not have to be repaid.
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