VHDA Loans Allow Financing of Down Payment

VHDA Loans Allow Financing of Down Payment

December 15, 2009 by Katie Wethman · Leave a Comment 

The Virginia Housing Development Authority has extended its Homebuyer Tax Credit Plus program to match the deadlines of the Federal First-Time Homebuyers Tax Credit. VHDA’s program lets borrowers use a second mortgage to finance up to 5% of the sales price (enough to cover FHA’s 3.5% down payment requirement) by using the $8000 first time [...]

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