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Make Your Dream a Reality!
Virginia Individual Development Accounts (VIDA) is a savings program that triples your savings: VIDA matches $2 for every $1 you save in a VIDA account. Matching funds are limited to $4,000 per participant, with a maximum of two participants per household. In a couple of years, a single person or couple can save enough for a substantial down payment.
Beans and Rice, Inc. of Radford provides intake and support for VIDA participants in our area. Call 540-980-4111 for eligibility information.
Find a Home You Can Afford
As you start to look for your first home, you will find that the New River Valley has a low cost of living, as well as reasonably priced real estate.
Each part of the valley has areas that are more reasonably priced. It is important to consider resale value as well as the initial price.
Homeownership Education and Assistance is Free
The more you know about the process, the more comfortable you will feel throughout your first real estate transaction. Several agencies offer free help:
New River Community Action offers homeownership classes, one-on-one assistance, and connections to local banks, home inspection services, and real estate offices. Classes include finances, credit reports/credit issues, the role of the lender, working with a real estate agent, the Fair Housing Act, home inspections, closing costs, and home maintenance.
Upcoming classes in Radford are on on March 26, May 21, August 27, and November 5, 2011. Class begins at 9 AM and ends at 3 PM. Call 540-633-5900 for more information and to pre-register.
Virginia Housing Development Authority (VHDA) is the state´s mortgage finance agency. Its mission is to help low- and moderate-income Virginians attain quality, affordable housing. VHDA has loan programs for low- and moderate-income first-time buyers and repeat homeowners. VHDA also offers an online homeownership education courses. A certificate from this class is helpful when seeking a home loan.
Consumer Credit Counseling Services of Southwestern Virginia, Inc. (CCCS) in Christiansburg also offers housing counseling and homeownership classes. (800) 926-0042.
Email me for more information to help you reach your goal of home ownership.
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