March 7, 2018

Creating Opportunities for Homeownership

Preventing Foreclosure

VHDA’s Servicing Department held four Borrower Outreach Events to prevent foreclosure. These events provided customers an opportunity to meet with our staff in person, receive education on how to prevent foreclosure and apply for loan modifications. We have modified 121 loans through this program, and about 69% have remained current.

 Reaching Underserved Areas

We’ve recently increased our ability to serve communities in Southwest Virginia by hiring Frank Webster, an experienced Business Development Officer, who is dedicated to the region. This will strengthen our stakeholder relationships in the area and enable us to provide more educational opportunities for consumers in this part of the state.

Helping First-time Homebuyers

VHDA is preparing a springtime campaign to increase awareness about our Loan Combo, which offers a home loan plus a package of benefits including a down payment grant, an MCC and our free homebuyer class.

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