VHDA - FHA Plus

The VHDA FHA Plus program is still available for first time homebuyers to purchase with no money down.

You need to qualify for a FHA loan and VHDA offers a 5% 2nd to assist with downpayment and closing costs. Both the 1st and the 2nd are the same rate.

Qualifications :

• First Time Homebuyer ( not owned a property as primary residence in 3 years)
• 3 years tax returns
• Complete VHDA's Homebuyer class
  

There are other programs available to assist with first time homebuyers and at New American Mortgage we will be able to assist you with the homebuying process.