Making homeownership a reality takes more than the right house. It also takes the right loan.You can help by telling your clients about VHDA’s innovative mortgage financing. Here just a few reasons you can feel good about recommending us.
- Educated borrowers equal successful buyers: VHDA’s required Homeownership Education class provides first-time homebuyers with valuable information to prepare them for the process of buying a home. Real estate agents find that clients who complete our class experience a much quicker and easier transaction.
- Quick closings: The majority of existing properties close within 30 days, thanks to reduced documentation and streamlined delegated processes.
- Loans in all sizes: Conventional and government-insured programs, plus a variety of pricing options, make it simple to find a VHDA loan that’s the right fit for almost any first-time homebuyer’s needs.
- Industry standards: Our acceptance of property guidelines-the usual industry standards-makes more properties eligible for loans. And that makes it easier for buyers to find a home they can afford. Although tax-exempt bond regulations limit the sales price and size of parcels financed by VHDA First-time Homebuyer loan programs, we may consider waivers for lot sizes up to five acres.
- One stop shopping: With VHDA, helping homebuyers get an affordable interest rate is quick and easy, with no need to shop for rates. That’s because no matter what the loan program, all VHDA-approved lenders offer the same low interest rates.
- Lender locator: Our Find a Lender website feature makes locating an experienced VHDA lender an easy mouse click away. You can search a list of lenders and loan officers who have most actively assisted homebuyers with VHDA loans in the past year. Find a Lender also lets borrowers search a network of approved VHDA-originating lenders throughout Virginia.
- Low Down Payment loans: VHDA offers several programs that require no down payment. This puts homeownership in reach for first time homebuyers with limited cash.
