The city of Norfolk, VA has an excellent first time low income buyer opportunity. The plan consists of many different approaches to helping out the lower to middle class.
The down payment assistance program is designated by NRHA and must be approved by them!
Now lets get down to what this program consists of. If you are a single person trying to buy in the City of Norfolk, VA and you make $38,000 or less you will qualify for $30,000 forgivable 2nd mortgage meaning you will not have to pay it back if followed by terms when you go to sell. The income threshold continues to go up for how many people reside in the home. Contact me for further information.
The only thing the buyer has to abide by is the income bracket, at least $3,000 dollars in savings account and provide 1% towards purchase price. I haven't seen a deal this good ever.
I am extremely happy to represent this program for the lower income and medium income families.
Everyone deserves to have the American dream! Good job Norfolk!
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