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Jumbo loans are available up to $2 million. Available for refinances or purchases, mortgage insurance is not required. Jumbo loans can be financed as a 15 or 30-year fixed rate mortgage or as a competitive ARM product. These loans are for homebuyers who need financing to purchase a more expensive property or investment-minded buyers who can make a large purchase but want to leverage their assets more effectively.
Real estate investments don’t have to be hard. Our SNL Direct portfolio loan makes investing in your next property easier. SNL Direct Portfolio loans are backed by our sister company, Security National Life (SNL), so they feature an array of exclusive benefits, like no income documentation and closing in the name of an LLC.
VHDA offers a variety of affordable conventional and government first mortgage loan programs. Some don’t require any down payment, some allow for credit scores as low as 620, and all are 30-yr, fixed-rate loans, serviced by VHDA right here in Virginia. There are even options available for repeat buyers!
VHDA currently has two options to assist first-time homebuyers with saving for a down payment. First there is a down payment assistance grant that covers the majority of the down payment required on some of our first-mortgage loan programs. We also offer the VHDA Plus Second Mortgage which covers the entire down payment, and in some cases, can also cover a portion of the closing costs involved in the transaction. Contact us to find out if you meet the eligibility requirements for these programs.
Whether it is a new construction loan, down payment assistance, or our fresh start program, we’ve got you covered. The loan landscape is constantly changing and we stay current with the latest loan programs. Our licensed loan professionals are happy to discuss your situation and recommend a solution.