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The on again, off again, opportunity to use the $8000 tax credit as a down payment is back on again. At least if you get a VHDA loan.
The guidelines for the program are here. The program utilizes a second mortgage to make this happen. That second mortgage requires no mortgage payments for the first year and has a 0% interest rate during that year. You have multiple options on how to deal with the second mortgage after that first year.
It's worth taking a look at this program if the only thing keeping you from owning a home is coming up with a down payment.
If you need help finding a VHDA lender, let me know. I'd be happy to help!
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