For First-time and Repeat Buyers: VHDA’s Newest Fannie Mae Product

houses-skyline-fnma-reduced-mi-header

VHDA has a new mortgage loan product that may be a great option for first-time and repeat homebuyers. It’s called the VHDA Fannie Mae (FNMA) HFA Preferred with Reduced Mortgage Insurance (MI) and it comes with the following benefits:

– Lowest conventional mortgage insurance payments.
– Eligible for VHDA Down Payment Assistance grant (DPA) and Mortgage Credit Certificate (MCC).
– Flexible down payment sources – gifts, FNMA Community Seconds, VHDA DPA grant funds.
– No mortgage insurance required with down payments of 20% or more.

For additional information, click here or call VHDA at 800-227-8432.

This entry was posted in Market News, The Buzz. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *