Free Money for your Home Purchase!

Would you like to receive an extra $10,000 towards your home purchase? Move quickly. Special funds are available for qualified buyers (income must be below 80% of the median income for the area). The fund will match your contribution 5:1. That means if you put in $500 (the minimum investment), the fund will contribute $2500. If you put in $2000, the fund will contribute $10,000. The only catch is that you must own the home for 5 years or you will have to pay these funds back. Once you own the property for 5 years, the debt is forgiven. As you can imagine, this money runs out quickly; and only select lenders have this fund available to them in LIMITED quantities. Please note this is in NO WAY tied to the tax credits being offered by the federal government right now, although there are some great programs allowing bridge loans to use those funds up front, as well. Please call me for details.

Vicky Chrisner

Keller Williams Realty

www.VickyChrisner.com

703-669-3142

Yes, Virginia, There Is A Way To Buy With No Money Down

Yes, Virginia, there are still some ways you can buy a home without a down payment. Take the Veteran's Administration loans, for example - if you've never served in the military, then this option is not available to you; but it's a great program for those that have served. In fact, this is exactly how my husband and I purchased our first home back in the early nineties. The official web site is: http://www.homeloans.va.gov There's also the "VHDA PLUS" which is a second trust option available to moderate income families in Virginia. In Northern Virginia, the sales price/loan limit is $408K; and a family of 3 or more must have an income of $100K or less. Learn about this program: http://www.vhda.com/vhda_com/Template_a.asp?VHDA_COM_PAGE_NAME=Eligibility_Requirements In some counties - like Loudoun - there are also second trust loan options available for households with more reduced incomes, adjusted by family size. These loans can be used to purchase foreclosures, market rate homes or ADU homes. Learn more: http://www.loudoun.gov/Default.aspx?tabid=2120 So, yes, although the options are more limited in scope and are targeting specific household types, there are some programs still available. These are just a few examples. If you're in the market to buy a home, contact me. I am happy to help you investigate these and other options to see what the best program for you is.