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$1 Million set aside for Pulaski, VA First Time Home Buyers Program!

By
Real Estate Agent with Coldwell Banker Townside, REALTORS® VT HOKIES!

A wonderful incentive for quaint and historical town of Pulaski, VA! I love it when the local news features one of my listings! Check out news feed below.

The Virginia Housing Development Authority (VHDA) recently notified the Town of Pulaski that it has been selected to receive a set-aside (reservation of funds) for the SPARC program (Sponsoring Partnerships and Revitalizing Communities).  These funds will be available until June 30, 2010.

The SPARC loan is a program that reserves funds for localities and organizations to promote affordable housing to first-time home buyers.  Homebuyers who qualify for a SPARC loan receive ½% (one half percent) reduction in the standard VHDA interest rate for first-time homebuyers.  The Town of Pulaski for Round 8 currently has $1,000,000 (one million dollars) reserved by VHDA at the ½% reduction.  A citizen who is interested in buying or building a home in the Town of Pulaski may want to consider applying for a SPARC loan through one of the VHDA approved lenders.

The Town has targeted households with an income between $34,500 and $46,000 to receive the ½% reduction in their mortgage.  As part of the program, the Town will cover the cost of the required home inspection and waive any building permit fees. Connection fees for new construction will be waived.  Homes may be purchased or built up to $225,100.

If you are interested in this opportunity, please contact me at 540.320.9444. I will help you in working with an approved VHDA lender, as well as step by step instruction on becoming a first time home owner.

I look forward to hearing from you!   ~Susanna  540.320.9444

For more information about this Pulaski listing click here.

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Diana Lyons
Blacksburg, VA

I love the way you incorporated the house into the posting on the 1st time homebuyer incentive in Pulaski. You always think outside the box!

PS: I like the way you did your eyes at the top of the page. Very Creative!

Jan 07, 2010 11:18 PM
Susanna Lilly
Coldwell Banker Townside, REALTORS® VT HOKIES! - Blacksburg, VA
Realtor - Virginia Tech Hokies!

Actually, the local NBC News broadcast did me a favor by incorporating it!

PS:  It's my "I Dream of Jeanne" look!

Jan 08, 2010 06:53 AM