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What are the eligibility requirements for VHDA loans?

April 26, 2017eligibility Loans requirements vhda

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What are the eligibility requirements for VHDA loans?

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10 Posted

Loan applicants must intend to occupy the property, demonstrate creditworthiness, sufficient stable income and adequate funds for the downpayment and closing costs. In addition, all borrowers must complete VHDA’s Intro to Homeownership course. Loan programs limit the borrower”s income, sales price and loan amount. Click here for additional information regarding eligibility requirements.