RICHMOND, Va. – Interested in becoming a homeowner but don’t know how to begin the process? The Virginia Housing Development Authority (VHDA) and the Suffolk Redevelopment and Housing Authority have the answer.
SRHA is offering VHDA’s free homeownership class to interested people from 8:45 a.m. – 3:00 p.m., January 26, 2008 at the Greater First Baptist Church Orlando, located at 505 Eola Street in Suffolk, Virginia.
“We encourage anyone who is curious about homeownership to attend this free class,” said Anne Gwaltney, VHDA Homeownership Education manager. “In just one class, participants can walk away with the knowledge and know-how to become successful homeowners.”
Homeownership education classes cover topics including credit issues, personal finances, home inspections and the role of lenders and real estate agents. To become eligible for VHDA loans, borrowers must complete VHDA’s Homeownership Class.
For more information, please contact Catherine Winston at (757) 539-2100.
About VHDA
VHDA was created by the General Assembly to help make housing more affordable for Virginians. In addition to providing loans to developers for the creation, rehabilitation and renovation of affordable rental units, VHDA provides loans to consumers to purchase and/or renovate homes. VHDA raises money by selling bonds to private investors; the authority does not receive federal or state funds to finance any of its lending programs.
VHDA lends money to homebuyers via a network of lenders throughout the state. Prospective purchasers apply for a VHDA-financed loan through a local lender, who will process the loan application and then approve and close the loan on VHDA’s behalf.
