Getting your first house in Gainesville, VA is an achievement you can take pride in. After all, it is a sign of independence, a sign that you are able to support yourself. But you have to wonder, how are you going to pay for it?
At Fairfax Mortgage Investments, we dedicate our time and energy to helping you get your first ever home. We have over 30 years of experience with helping first time home buyers like you in finding the right home to suit your needs. There are a great deal of programs, grants, and incentives to choose from and Fairfax Mortgage Investments can help you choose which one is right for you.
So please contact us for a consultation! We’ll make sure that the home buying process is easy and painless for you!
Top Gainesville, VA First Time Home Buyer Loan Programs
Gainesville FHA Loans
FHA loans are great for first time home buyers in Gainesville, VA. They offer low interest rates and low down payments, effectively making this loan cheap to get. These loans are insured by the Federal Housing Administration, which don’t give lenders any loss.
Gainesville USDA Loans
USDA loans let people buy a house in Gainesville, VA at a low cost. They give no down payment and a low, fixed-rate interest to those that qualify. The USDA loan is great for those who want a home in the countryside.
Gainesville VA Home Loans
VA home loans are from a federal program created by the Department of Veterans Affairs. These Gainesville, VA loans allow soldiers, veterans, and their widows to get a house with no down payment and low interest rates. If you are a military personnel, than this loan is right for you!
Gainesville FHA Section 203(k)
FHA Section 203(k) work with FHA loans when it comes to taking a loan out. They allow first time home buyers in Gainesville, VA to buy any house that needs renovations and combine it with the mortgage. This way, the actual cost is much cheaper than just getting a regular loan.
First Time Home Buyer Loan Assistance in Gainesville, VA
There is a lot of programs, grants, and incentives out there, which can cause the Gainesville, VA home buying process to take place for over a month if you have trouble finding the right kind of loan package for you. We of Fairfax Mortgage Investments are able to get the right loan package for your home buying needs. We will also help you in various other things that you need to get a home, from credit rescoring to program applications.
How The First Time Home Buyer Loan Works for Gainesville, VA Residents
Begin with calculating the cost of the desired Gainesville, VA home, housing costs that include taxes and home insurance, and expected closing costs, then make a budget based on those figures. Then find a realtor and prepare documents for the first consultation, such as pay stubs, bank accounts statements, W-2s, tax returns for the last two years, statements from current loans and credit lines, and the names and addresses of landlords for the past two years. Once you’re done, Fairfax Mortgage Investments can take care of the rest!