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.
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Tina Merritt and Assoc. can be reached at email: tina@tinamerritt.com or 757-287-6338.
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