The current VHDA interest rate is already low, at 5.875%.  But for first time buyers looking for affordable housing, it can be tough to finance a purchase even at that low rate.  So....how about 4.875%? 

If you're buying at Covenant Heights, a neighborhood being developed by Hope Community Builders (a non-profit group), depending on your income levels, you may be able to have the current VHDA rate lowered by an entire percentage point!

And these are nice properties we're talking about here -- duplexes and townhomes with three bedrooms, all of which are pre-inspected and built to EarthCraft and EnergyStar standards.

If you have a friend or co-worker who is seeking affordable housing, do them a favor and tell them about Covenant Heights!