There are several loan options available to home buyers and your lender will be able to explain and review each program with you. THIS IS A SIMPLIFIED overview of the FHA program for you to consider. PLEASE VIEW THE VIDEO I'VE INCLUDED ON THE FHA PROGRAM.
The Dept of Housing and Urban Development oversees the Federal Housing Administration. An FHA loan is one that is insured by the government and the program helps first time buyers who otherwise may not qualify for a loan.
Whether you're a first time home buyer, a move up buyer or are refinancing, FHA allows you to purchase a home with a low down payment and flexible fha guidelines. No income limits or credit scoring, as long as you have reasonable credit many buyers will qualify for an FHA loan.
Getting pre-qualified is the first step in finding your new home. You'll need to verify income, employment, assets, liabilities, etc. Some of the documentation you may need include:
Purchase Money Transaction as required by HUD:
· One full month's worth of paystubs showing Year to Date earnings
· Last 2 years W-2's (salaried income)
· For Self Employed Borrowers; Last 2 years tax returns with all schedules (commission, dividend, rental income)
· Copies of social security, pension, and/or retirement award letters (if applicable)
· Last two months bank statement for all accounts with all pages
· Current statements for all investment accounts with all pages
· Written explanation for any credit derogatories
· Copy of Bankruptcy and discharge paperwork (if applicable)
· Divorce decree and any settlement paperwork (if applicable)
· Copy of your Drivers License and Social Security Cards.
· Name, Address and phone number of your Landlord for the past 12 months.
· Copy of your Sales Contract with Listing and Selling Agent phone Numbers
· Clear Termite Report
· Well and Septic Certifications (if applicable)
I'M READY TO BUY A HOME. WHAT IS MY FIRST STEP?
Still have questions? Give me a call at (434) 546-0369 and I'll be glad to answer questions or provide you with my first time buyers guide.
If you are a Lake Vista resident in Forest, Virginia, this is contact information for the current members of the Board of Directors for the Lake Vista Property Owners Association.
Current LVPOA Board of Directors
Office Name Phone Neighborhood
President Bob Warrick 316-9365 SF
V. President Gene Montgomery 385-0158 SF
Treasurer Ralph Ellison 385-6320 OP
Secretary Don McVey 385-0309 SF
Board Member Leigh Doyle 385-6855 SF
Board Member Betty Farris 385-0134 TS
Board Member Faye Hesson 385-8664 WR
Board Member Roger Isaac 385-0504 SP
Board Member Ken Johansson 385-1191 BC
Board Member Steve Pallaria 385-5388 SF
Board Member Andrea Wright 385-0658 SR
The office of the LVPOA is located in the Community Center at 200 Lake Vista Drive, Forest. Office information:
Phone (434) 385-7594
Fax (434) 385-7650
Email: lvpoa@verizon.net
Website: www.lakevista.com
There are many small wineries in the Smith Mountain Lake area, but up to now Franklin County, Virginia hasn’t been known for its wine (though it is well known for distilled spirits……but that’s another story). In December, 2008, H.T. and Rhonda Page opened the first winery in Franklin County to bottle fruit wines: Brooks Mill Winery in Wirtz.
Blackberry and plum are the varieties currently available. Blueberry and pear are aging in the barrel and have not been bottled as yet. Bottles are $10 plus tax and wine tastings are available by appointment.
For more information, call (540) 721-5215 or visit their website at www.brooksmillwinery.com
New Listing in Hurt, VA, Pittsylvania County. Located minutes from Alta Vista, this three bedroom ranch needs some TLC but includes a large 12 x 21 family room off of the kitchen and a full walkout basement for future expansion. Home inspections are welcome for buyers knowledge only. Chase addendums and pre-qual letter must accompany all offers.
It's still winter in Central Virginia and the burning question the kids will be asking tonight - Is there school tomorow? The Weather Channel is forcasting LOTS of snow for the Lynchburg area: There is a winter storm warning for Lynchburg and surrounding counties until 11am March 2.
WSET.COM is forcasting 5-10 inches in Central and Southside Virginia by morning. The counties surrounding Lynchburg, Virgina are large and while we don't normally have a lot of snow, black ice on the roads can be a hazard. The streets in your neighborhood may be clear, but there may be dangerous conditions elsewhere. Please don't drive unless absolutely necessary.
For the latest information on local weather, school closings and delays, check out the following links:
Would you rather get your news by radio?
Public Schools:
Private Schools
Holy Cross Regional Catholic School
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I sell homes in Lynchburg, Forest, Amherst, Appomattox, Bedford, Campbell County, Virginia. Buyers & Sellers: First Time Buyers, Investment, Foreclosures, Relocation, Waterfront, Smith Mountain Lake
Point of Honor, Lynchburg, Virginia
Main Street, Lynchburg Virginia Amazement Square, Downtown Lynchburg
Smith Mountain Lake Lynchburg Community Market
For Relocation information please contact me at:
(434) 546-0369
malone1981@aol.com
twitter: debbiemalone
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Stop by my website for more local information
for 28 years, 
and I couldn't forget my little Westie, Duncan. 
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Thanks for stopping by! 
RE/MAX 1st Olympic website 
Debbie,
I must admit, you have been one of the best real estate agents I have ever encountered. I have yet to experience a real estate agent that provide the amount of feedback and status of the ongoing process. The last real estate agent I had, we had to contact constantly just to know what's going on.
Thanks once again for being such a good sport. You are making it a smooooother process.
Craig
Debbie, We wanted to let you know how grateful and excited we are to have the opportunity to work with you as we develop our skills as investors. Real estate investing can be a little scary at times, which is why we are so thankful for the guidance and support thay you've been so willing to provide. Thanks for all of your encouragement and help over this past year. - M. & K. Durand
Debbie, You are terrific. Thanks for helping me find a new home. I look forward to maintaining a life long relationship with you and your family. From one northerner to another. - K. Williams
You know I will ALWAYS recommend you if anyone asks, Debbie. I truly
appreciate all the hard work you did for me - and so professionally. Thank you. -B. McKenna
Debbie went above and beyond to help us find property. She was very helpful where it came to the small details that we were not familiar with and she was very patient during the whole purchase. - R. & M. Melcher
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