Q: Can I buy a house with no money down?
Yes, although there are restrictions.
Qualified buyers may obtain Virginia Housing Development Authority (VHDA) loans. VHDA has
developed an array of loan programs designed to meet the needs of low to moderate income consumers. These loans are originated by private lenders.
Additionally, there are Veterans Administration (VA) loans -- available to honorably discharged veterans or their un-remarried widows or widowers, reservists, and active duty servicemen and women. A VA loan is a mortgage loan guaranteed by the US Dept of Veterans Affairs. These loans require no down payment and offer low interest rates.
We would be happy to connect you with a knowledgeable local mortgage lender who can look at your financial situation and help you get pre-qualified. Click below or email us at concierge@lizmoore.com to get started.
Are you interested in hot real estate topics, tips and trends?
Click below to subscribe to our blog!
