Welcome to the New RealTown! Submit Feedback
Member Login | Join RealTown
The Real Estate Network
RealTown HomeBlogsPiedmont Real Estate BlogTagged "No Down Payment"

Piedmont Real Estate Blog

Blog by Julie Emery
Amissville, Virginia
An ongoing dialog on real estate news, opinion and trends in Northern Virginia and the greater Piedmont area. Julie is an Associate Broker at Century 21 New Millennium, 5451 Old Alexandria Turnpike, Warrenton, VA 20187

Categories

Subscribe

Your E-mail Address:
Subscribe to:

Recent Comments

RE: Tax Credit Local Impact
 Let's not forget the interest rate factor. D...
RE: Foreclosures Frozen
Going out and learning the inventory is key. Even...
RE: Let it Expire
 Please dont hope for this to expire. My fian...
RE: What if That's All There Is?
Never walk away from equity...
RE: Finding a Good Contractor
Finding the best contractor is always a big proble...

Archive

Favorite Links

RealTown Blogs

Blogs Homepage
Featured Entries
Recent Entries
Recent Comments
Tags
My Starred Entries
Create A Blog
Log In

Site Feed

RSS Feed

Piedmont Real Estate Blog

Zero Down Payment
Jun. 10, 2009
Categorized in: Buyers
Tagged with: 8000 tax credit, buying a home, first time home buyer, no down payment, vhda, virginia

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!

Permanent Link | Comments (0) | Write a Comment | Send Link