State Agency Issued Mortgate

I met today with very anxious seller. He is willing to sub to.
Virginia Housing Development Authority isssued the loan. They are a state agency to assist low income first time home buyers with subsidized loans.

My question: are there special circumstances with this kind of loan?

This loan payoff 131K
Interest 4.875
one month behind
PITI $945

Thanks
Dan

Comments(0)

Add Comment

Login To Comment