Yes, Virginia You Can Buy a Home with 3% Down and No Mortgage Insurance

Here’s a great financing option for Virginia buyers that features 3% down and no mortgage insurance. If you have a minimum credit score of 640 then this program is worth looking at if you want to be in a new home by the end of the year!Here’s a great financing option for Virginia buyers that features 3% down and no mortgage insurance. If you have a minimum credit score of 640 than this program is worth looking at if you want to be in a new home by the end of the year!Buyers can borrow up to $417,000 with this 30-year fixed loan with a 4.250% interest rate. You must close on the loan by January 1, 2015. An added bonus is that sellers can pay the closing costs for you. You can qualify in one of two ways:◦ Borrowers can either have a max household income of $85,600OR◦ Borrowers can live in a low/moderate census area within select Virginia counties or cities, such as Alexandria City, Falls Church City, Arlington County, Fairfax County, Prince William, and Loudon County. Plus, it also covers other counties in Virginia further out in the metro DC area.This is a great program for all you first-time home buyers in Virginia, so please contact me at Lauren@WhereDoYouDwell.com for more details on this option!