Seller-Paid Rate Buydowns in Richmond: How a 2-1 Buydown Works and What It Costs
A seller-paid 2-1 buydown worked all the way through on a $460,000 Richmond purchase: year one and year two payments, the exact escrow subsidy, the…
A seller-paid 2-1 buydown worked all the way through on a $460,000 Richmond purchase: year one and year two payments, the exact escrow subsidy, the…
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…
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…