Great Loan Opportunity for First Time Buyers in Loudoun County

Beth Perry of Suntrust Mortgage has brought to our attention a great new loan for first time home buyers in Loudoun County.  Here is her description of the loan and its details:

Loudoun County has just released a New "First-Time Homebuyer" program to help increase Home Sales in the area as well as make housing affordable to buyers.  In partnership with Virginia Housing, the County is offering a 1% reduction to their current fixed rate. With this reduction it brings their current 30 year fixed rate as low as 5.375%. 

They offer 100% financing with No Mortgage Insurance or Second Trust  which adds to the homeowners monthly savings.  With the current market changes it allows 100% financing to buyers with a middle credit score of 660 and as low as 620 with 5% down and a maximum Loan Amount of $417,000.

It really opens up the door for first time buyers!  In the past First-Time Homebuyers were limited to Condo’s and lower-priced Townhomes. Now they can even consider a Single Family Home!  This is a limited time offer for these funds until the 30th of June.

For more information or to get in on this program, here is Beth’s contact information:

Office # 703-464-4346

Cell #703-408-7346

Elizabeth.Perry-hauser@suntrust.com

Or you can always respond here and we can answer any questions you might have.