Mortgage News

For Many Millennials, Parents are a Lifeline for Buying a House

The Virginian-Pilot, October 28, 2017Ready for two interesting statistics?According to Zillow, 20 percent of homebuyers today receive a monetary gift or loan from family or friends. As well, nearly one-quarter (24 percent) of buyers combine two or more sources to finance their down payment.Translation: Millennials often need financial assistance from their parents to buy a first home. First, I think it’s tremendous to see so many young adults moving ahead with homeownership. It’s great for our local economy and helps to ensure that smart, motivated millennials stay here in Ham...

October 30th, 2017 For Many Millennials, Parents are a Lifeline for Buying a House

VHDA Makes Big Changes To Rules That Will Aid Millennials, First-Time Homebuyers

The Virginian-Pilot, September 30 - THANKS TO FACTORS like student debt and tougher rules for homebuying in a post-housing bubble economy, millennials have struggled mightily to buy their first homes.I have seen it with my millennial clients time and again. Sometimes the smallest blemish on someone’s financial record is the reason they can’t qualify for a home.Fortunately, the Virginia Housing Development Authority has recognized the downward trend and taken steps to make it easier for first-time homebuyers to obtain a VHDA mortgage. On Sept. 1, the VHDA made several announcements ...

October 2nd, 2017 VHDA Makes Big Changes To Rules That Will Aid Millennials, First-Time Homebuyers

Tidewater Home Funding

Tidewater Home Funding, LLC NMLS# 41552
(www.nmlsconsumeraccess.org).
Equal Housing Lender.

Licensed in Virginia, North Carolina & Florida.

VSCC Bureau of Financial Institutions, P.O. Box 640, Richmond VA 23218-0640, (1-800-552-7945) www.scc.virginia.gov/bfi

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