Fairfax County First Time Home Buyer Program

Top fairfax va first time home buyer loan programs fairfax fha loans.

Fairfax county first time home buyer program. Since 1966 our mission has been to provide safe affordable homes for the residents of fairfax county. Fairfax county s first time homebuyer fthb program offers homeownership opportunities for low and moderate income households purchasing homes in fairfax county. Through our efforts nearly 20 000 people live in stable environments including teachers first responders and nurses who serve our.

The first time homebuyers fthb program has been providing affordable homes primarily through the affordable dwelling unit adu program to low and moderate income families since 1992. First time homebuyer program fairfax county s first time homebuyers program fthb offers affordably priced townhomes and condominiums both new and resale to first time homebuyers. Homes are offered at sale prices well below the sale price of other homes in the same development.

Homes are offered at sale prices well below the sale price of other homes in the same development. The first step in that process is to complete the first time homebuyer orientation course. Department of hud 2019 annual report.

The first time homebuyers program fthb offers affordably priced townhomes and condominiums both new and resale to first time homebuyers. Affordable dwelling units adu are provided under provisions of fairfax county s zoning ordinance. They are insured by the federal housing administration while simultaneously working as a loan.

Ideal for first time home buyers low 3 5 down payment requirements favorable credit score requirement of 580 fha loans are the 1 loan type in america with 11 41 of all single family residential mortgage originations and 1 market share for first time home buyers at 82 84. The condominiums and townhouses listed here are available only to first time homebuyers with a valid first time homebuyers program certificate of eligibility. And to assist the disabled and senior members of our community.

Homes are offered at sale prices well below the sale price of other homes in the same development the homes are sold directly by area builders or current owners and range from 95 000 190 000 depending on the type and size of the home. Fha loans tend to be cheap with little down payment and low interest rates. For fairfax va first time home buyers you might want to consider getting an fha loan.