Monday, December 17, 2012

New Down Payment Program in Arlington, VA

Arlington, VA has been out of reach for many lower and moderate income individuals.  However, Arlington County has recently instituted a program that will put Arlington within reach for many families.  The MIPAP (Moderate Income Purchase Assistance Program) helps first time home buyers with up to 25% of the purchase price of a home.  The 25% comes in the form of a no-payment, no-interest loan.  The are certain conditions under which the loan will have to be paid back and this program is not for everyone.  However, if being in Arlington is important to you (you want to keep your child in a certain school system for example), then this may be the program for you.

There are certain income restrictions and this is only for first time home buyers.  The maximum purchase price for 2012 is $362,790. If you are interested in learning more, please contact me so I can put you in touch with a Realtor that is familiar with this program.

Luisa Rodriguez
Referral Agent
355 West Rio Rd
Charlottesville, VA 22901
Direct:  (240) 377-7104

I am exclusively a referral agent that maintains a license only to refer customers to Licensed Realtors.  Before becoming a referral agent, I was a successful, award winning Realtor.