Gift Funds for a Richmond Down Payment: What Your Lender Needs and How to Document It
A gift has to be documented, sourced and non-repayable. What the gift letter must contain, who counts as an acceptable donor on a conventional loan,…
A gift has to be documented, sourced and non-repayable. What the gift letter must contain, who counts as an acceptable donor on a conventional loan,…
Large parts of Powhatan, Goochland, western Hanover, New Kent and Charles City sit in USDA eligible rural territory. Short Pump, Glen Allen, Midlothian and the…
Income limits from $60,000 to $75,000 and asset limits from $250,000 to $514,000 across the six Richmond-metro localities. Every published threshold, the deadlines, and the…
The DPA Grant cuts the down payment to 1% and is a true gift. The CCA Grant targets closing costs and is also a gift.…
Assessment appeal deadlines and procedures for Chesterfield, Henrico and the city of Richmond, the three grounds for an appeal, what evidence localities accept, and why…
FHA 203(k) Limited caps renovation funds at $75,000 and will not touch structure. Standard 203(k) handles structural additions but brings a HUD consultant. HomeStyle allows…
A service district lets a Virginia locality levy an additional annual tax on property inside a defined boundary. What section 15.2-2403 allows, what the money…
Virginia Housing's Richmond MSA sales price cap is $550,000 on both first-time-buyer tracks. Against July 2026 CVR MLS medians that puts Chesterfield $110,000 under, Henrico…
Virginia Housing's Richmond MSA limits effective 8/1/2026: $96,000 and $110,000 on the DPA and CCA grant tracks, $120,000 and $138,000 on Standard/Bond, and $175,000 qualifying…
Verified 2026 real estate and personal property tax rates for all six Richmond metro localities, the annual bill on each median-priced home, and the Goochland…