VARbuzz » Janice Burgess

Feelin’ Groovy? Stop by VHDA’s booth at the VAR Annual Convention

Janice Burgess — Wed, 29 Sep 2010 17:38:40 +0000

Stop by VHDA’s booth at the VAR Annual Convention in Virginia Beach this Friday and Saturday, October 1 – 2. We’ll be in booths 201 and 300, right between the themed “1960s” and “1970s” aisles — just look for our big psychedelic posters and you won’t be able to miss us! We’ll have free postcard reproductions of our groovy poster art while supplies last, and plenty of info about VHDA products, including 100 percent financing with our FHA-Plus mortgage (ask us for details or visit vhda.com). See you this weekend!

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Last Minute Closings Put Tax Credit Opportunity At Risk

Janice Burgess — Thu, 20 May 2010 18:44:00 +0000

Take note—this June won’t be normal for end-of-month closings. Lenders and settlement agents across Virginia anticipate a very high volume of closings scheduled to beat the June 30 federal tax credit deadline. To make sure your homebuyers don’t miss out on their tax credit, be proactive.

Schedule closings on different days of the week—the earlier in June the better. Don’t wait until the end of the month just to save your buyer per diem interest, only to have them miss the deadline. Closing earlier allows time to resolve unforeseen problems.

Help prevent holdups by encouraging buyers to provide documentation to their lender ASAP and arrange for homeowners insurance well in advance of closing. Their response, and your guidance, can make a difference in meeting the scheduled closing date.

New VHDA Income and Sales Price / Loan Limits

Janice Burgess — Mon, 01 Mar 2010 16:28:35 +0000

Great News for Your First-time Homebuyers

Now, more homebuyers may qualify for a VHDA FHA Plus or Homebuyer Tax Credit Plus loan that offers an affordable fixed rate and help with the down payment.

Income limits increased in all areas of the state and sales price/loan limits increased in most areas.

A summary of the new limits is noted below. Visit vhda.com/loanlimits for complete details.

Area	Maximum Gross Household Income		Sales Price / Loan Limits
	1 – 2 person	3 or More Persons
Washington DC./No.VA MSA Warren County	$97,500$70,000	$112,950$ 81,000	$450,000 $450,000
Va.Beach-NorfolkRichmond Charlottesville Winchester -Frederick MSA’s	$70,000	$81,000	$325,000
Culpeper/Essex/Rappahanock	$70,000	$81,000	$310,000
King George County	$73,000	$84,500	$310,000
Remainder of State	$70,000	$81,000	$245,700