Virginia First Time Home Buyer Tax Credit. The standard 3 5 fha down payment can be brought. It seems virginia housing has made them even better with this program.
The vhda has struck a special deal with fannie mae with this program which is designed for first time and repeat homebuyers with a credit score of at least 640. Owning a home has always come with tax perks but virginia has just sweetened this usual benefit of homeownership with a new program called the mortgage credit certificate mcc. It seems virginia housing has made them even better with this program.
Virginia housing has helped hundreds of thousands of virginians buy a first home.
Down payment requirements start at just 3. The affordable monthly payment and discounted upfront cost is great but it s the insurance benefit that really shines. Some don t require any downpayment. An mcc from vhda could reduce the amount of federal income tax that a first time buyer has to pay.