There is a new First Time Homebuyer Incentive in Fredericksburg, VA! FHA’s new HAWK program (Homeowners Armed with Knowledge) begins October 1, 2014 and provides FHA Mortgage Insurance discounts. Homebuyers will need to obtain counseling and education on home buying to qualify.
Because the mortgage industry had become so Regulated, it became more difficult for people to obtain loans. The HAWK program is aimed at making home loans more affordable. With this first time homebuyer incentive, buyers receives a reduction in MI at Closing, Annual Mortgage Insurance Premium, and then after 18 mos, another discount if current on payments.
Contact me for list of Lenders in the Fredericksburg area! 540-842-9819.
Ginny Vickers REALTOR ABR MRP SFR
1st choice Better Homes and Land
1302 Bragg Rd. Fredericksburg, VA 22407
Licensed in the Commonwealth of VA