In an effort to help more first time home buyers, VHDA (Virginia Housing Development Authority) – one of the only providers of no down payment loans, has increased their income limits.
Here are the new income limits:
VHDA is the Virginia State mortgage finance agency and was created in 1972. Their mission is to help residents of Virginia with low to moderate incomes acquire affordable, quality housing. VHDA is funded though the issuance of taxable and non-taxable bonds. They do not use any tax payer dollars.
**************************************************************************************
Tina Merritt and her Associates. can be reached at email: tina@nestrealtygroup.com or 757-287-6338.
Our Network consists of both buyer and listing specialists helping buyers and sellers in Southeast Virginia, Hampton Roads, Virginia Beach, Chesapeake, Norfolk, Portsmouth, Suffolk, Isle of Wight County, Hampton, Newport News and Poquoson, Virginia. In Southwest Virginia, the New River Valley, Blacksburg, Christiansburg, Radford, Pulaski, Dublin, Floyd, Narrows, Pembroke, Pearisburg, Glen Lyn, Rich Creek, Check, Hiwassee, Indian Valley, Parrott, Newport, Shawsville, Pilot, McCoy, Long Shop, Fairlawn, Wythe, Draper, Willis, Sowers, Elliston, Eggleston, Ironto, Riner, Auburn, Rogers, Giles County, Montgomery County, Floyd County, Pulaski County.
Visit our website: NestRealtyGroup.com
Many people have had a hard time financially in 2009. Good people who have always paid their bills on time. There has been a lot of "robbing Peter to pay Paul" going on, paying for necessities with credit cards and making attempts to cut even the smallest costs to get by.
I heard a very sad story earlier this week. 
Today's mortgage rates are holding flat.