Are you looking for special programs to help low-income families buy or sell a home in Charlottesville VA? If so, you're in luck! The Virginia Housing Development Authority (VHDA) offers a variety of programs to help make the process easier. The VHDA offers an affordable mortgage program that can help families save money and improve their finances. In addition, they provide housing counseling and education classes for homebuyers. This can be a great way to learn more about the process and get the most out of your purchase. The VHDA also offers a Down Payment Assistance Grant Program.
This program provides assistance without the burden of reimbursement. Prospective buyers only need to contribute 1 percent of the purchase price on their own, and then the grant will cover the rest of the down payment for loans approved by the VHDA. Buyers who receive Fannie Mae loans qualify for up to 2 percent of the purchase price, while those seeking an FHA loan can expect up to 2.5 percent. These programs are designed to make it easier for low-income families to buy or sell a home in Charlottesville VA. With the help of the VHDA, you can get the assistance you need to make your dream of homeownership a reality.