In addition to the VA loan being a 30 year fixed rate, 100% financing option, there are also other subsidy programs which veterans may use to go towards closings costs and principal reduction! The good news is that there is no first time home buyer restriction as these programs are open to all veteran buyers--first time and non-first time veteran purchasers alike. Depending on the program, the funds can range between $7,500.00-$15,000.00. In addition there are also 100% financing renovation loans available should the property need any updating or repairs!
As with other programs, certain criteria must be met:
If you are a Veteran, who is interested in buying a home in Hampton Roads, it makes sense to take advantage of this opportunity and see what programs are open to you!
Ready to Learn More?
Veteran Home Buyers
Ready to Find Out if You Qualify?
Free down payment & closing costs assistance is sometimes the difference between owning a home or renting.
These grants can help!
For immediate assistance, please feel free to call me at 757-235-0274
- Liz Schuyler
RE/MAX Allegiance &
Home Buyer Grant Expert