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Don't have a lot of cash on hand, but want to invest in your first home? There is a way. Take a look at the VHDA Tax Credit
Plus Loan.
FOR IMMEDIATE RELEASE June
10, 2009 VHDA LAUNCHES
HOMEBUYER TAX CREDIT PLUS LOAN PROGRAM Second Mortgage Offers No Payments or Interest for First Year; Covers Down Payment and
Closing Costs June 10, 2009 VHDA LAUNCHES HOMEBUYER TAX CREDIT PLUS LOAN
PROGRAM Second Mortgage
Offers No Payments or Interest for First Year; Covers Down Payment and Closing Costs RICHMOND, VA - One of the biggest
obstacles facing first-time homebuyers is gathering the funds for the down payment and closing costs. To help prospective
homebuyers meet this challenge, the Virginia Housing Development Authority has designed a new loan program – Homebuyer Tax Credit plus. VHDA Homebuyer Tax Credit Plus Program Features
- Affordable fixed-rate financing on both mortgages
- 0% intereston the second mortgage for the first year
on the second mortgage for the first year - No
payments required on the second mortgage for the first year
required on the second mortgage for the first year - Maximum
second mortgage loan amount – up to 5% of sales price (no cash back)
- Loan must close no later than Nov. 30,
2009
- One of the biggest obstacles facing first-time homebuyers is gathering the funds for the down payment and closing
costs. To help prospective homebuyers meet this challenge, the Virginia Housing Development Authority has designed a new loan
program – Homebuyer Tax Credit
plus. VHDA
Homebuyer Tax Credit Plus Program Features - Affordable
fixed-rate financing on both mortgages
- 0% intereston the second mortgage for the first year
on the second
mortgage for the first year - No payments required on the second mortgage for the first year
required on the
second mortgage for the first year - Maximum second mortgage loan amount – up to 5% of sales price (no cash back)
- Loan must close no later than Nov. 30, 2009
Affordable fixed-rate financing on both mortgages 0% intereston the second mortgage
for the first year on the second mortgage for the first year No payments required on the second mortgage for
the first year required on the second mortgage for the first year Maximum second mortgage loan amount –
up to 5% of sales price (no cash back) Loan must close no later than Nov. 30, 2009 For more information, visit www.vhda.com |
I recommend you call Scott Whittle with Presidential Mortgage at 804-586-4653 with any questions or assistance with
this program.
Interest Rates Drop 1/8 Today
| | | | Today's Rates | 30 Day Rates as of: 9/11/2009
at 10:00 AM |
| | | | | | Rate | | Points | | Closing Costs | | APR |
|---|
| FIXED
RATE FOR 30 YEARS - $100,000 to $417,000 | | | 5.000 | | 0.250 | | 0.0 | | 5.022% | | | 4.875 | | 0.750 | | 0.0 | | 4.941% | | | 4.500 | | 2.250 | | 0.0 | | 4.695% | | FIXED RATE FOR 15 YEARS - $100,000 to $417,000 | | | 4.625 | | 0.000 | | 0.0 | | 4.625% | | | 4.375 | | 0.750 | | 0.0 | | 4.487% | | | 4.250 | | 1.750 | | 0.0 | | 4.513% |
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These rates are subject to change without notice, and the rates and points may vary based upon loan features and other
terms and conditions. Rates are for loans amounts above $100,000 and only apply for properties located in Virginia.
For home purchase transactions, you are responsible for paying applicable taxes to record the purchase deed and deed of trust.
CapCenter is a HUD approved FHA
lender, a Fannie Mae Seller/Servicer,
and is licensed by the Virginia State Corporation Commission (MC-1096). |
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Why Use A Full Service REALTOR®?
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| Click the picture to view my listings! |
I am a full time, full service, REALTOR® specializing in the Richmond Metro and surrounding areas.
Whether you are looking to buy, sell or invest in residential land, new construction or resale properties, it would be my
pleasure to offer assistance for all your real estate needs.
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