VNHS has a wide variety of
loan products to offer a potential homeowner. Standard loan products
with low interest rates are available with a minimum down payment of
5% of the purchase price (2% must come from the homeowner's own
funds).
For those families with little or
no down payment, VNHS offers down payment assistance loans and
closing cost grants (must income qualify).
In addition, VNHS has access to such products as No Income, No Asset (NINA), 100% financing, no doc, adjustable rates, and fixed rates for 15 to 30 years. Loans for second homes and rental units are also available.
If you would like to calculate how much of a home
you can afford, go to
www.fanniemae.com and click on online tools. This will give you
an idea of what your monthly payments will be including taxes and
insurance.