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!
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