The time has come and you are ready to buy, but before you start searching for your next home review this checklist. This list helps you prepare your budget in advance and guide you to financial success in the future.
1. Reduce Debt & Increase Credit Score: Before you start looking for your next home you should request a credit report. This will give you a starting point on understanding your credit score before you request a loan. Your credit score will influence the interest rate of your loan.
2. Save Money to Set Yourself Up with a Large Down Payment: While it is possible to purchase a home without a 20% down payment it’s best to get as close as possible. This will allow you to have a smaller mortgage rate, Avoid PMI, and receive a better rate. If you do not have a 20% down payment you may qualify for a VA or FHA loan.
As you begin the process to find your next home checking these items off your list will provide you with a more successful home buying experience. Our team is here to help you! Let us know the area and/or neighborhood you are looking to live along with your top needs our team of professionals will assist with finding your next home.
Property Details for 4409 Duke DR, Portsmouth, VA 23703
MUST SEE INSIDE! You will enjoy this SPACIOUS KITCHEN with lots of natural light. Dishwasher is only 6 months old. Tidal/waterfront lot with boardwalk and small boat launch. Fully fenced backyard. Sunroom perfect for enjoying the water view. Bathroom upgrades. Master bedroom is king sized with jetted tub in the Master bathroom. The 4th bedroom could be used as an in-law suite. Carpet in 2 smaller bedrooms and
laminate hardwood in living room, dining room and hallway is only 1-year old. Security System. Large lot. HVAC is less than 5-years old. 1-year old boiler and TANKLESS WATER HEATER. Close to Hospitals, Shipyard, YMCA, Restaurants, City Park and open to the Elizabeth River!
41 Cherry Road, Portsmouth, VA 23701, Portsmouth VA
SORRY! This one is already GONE!
Large Master Bedroom With Private Bath!
Property Details for 41 Cherry RD, Portsmouth, VA 23701
Nice 3bed 2bath home in Simonsdale with big open living/dining space. 1st floor laundry & full bath. Kitchen with appliances included. Large master with private full bath, jetted tub, tile shower. Covered front porch and side deck. Fenced back yard. Dual zone central HVAC and new water heater.
SORRY! We SOLD This One Already! –
Beautiful End Unit Condo With Lots Of Living Space!
Property Details for 1403 Marsh Wren CIR, Portsmouth, VA 23703
Beautiful end unit condo with lots of living space. Open floor plan with vaulted ceilings. Hardwood floors throughout. Master bedroom with a new barn style door. Walk onto the patio for your coffee or relaxation with a view of the water. Centrally located to shopping, interstates as well as military bases. A definite must see!
The HomeTown Program provides financial assistance to qualified households who wish to purchase a home within Portsmouth City limits and who, without this assistance, could not do so. This program brings together the resources of the City of Portsmouth and Citizens Bank, N.A. to help eligible families overcome the financial barriers to homeownership. The program is administered by the Portsmouth Community Development Department.
At the time an applicant submits an application to Citizens Bank, N.A., the applicant, if eligible, will be invited to submit a HomeTown Application and Agreement. Community Development staff will review the applicant’s Application with a Citizens Bank, N.A. loan officer to determine whether you the applicant is eligible for participation in the HomeTown Program.
The level of HomeTown program assistance available to you is determined after first mortgage financing is pre-approved. A pre-approval letter will be issued by Citizens Bank, N.A. outlining the mortgage program for which you have been approved, the mortgage amount for which you qualify, your potential monthly repayment obligation and the amount of HomeTown financial assistance to be provided. Below is a description of the HomeTown financial assistance that may be offered.
• First mortgage financing is available at a fixed interest rate for a 30-year term through a Citizens Bank, N.A. Mortgage Program. The Citizens Bank, N.A. loan officer will help you determine which first mortgage financing option best suits your situation.
• Down payment assistance is available through HomeTown in the form of a deferred loan at 0% interest secured by a second mortgage on the home purchased.
• Additional down payment assistance, if necessary, is available in the form of a “sleeper” 3rd mortgage loan at 0% interest through HomeTown. This loan is due upon sale of the property. The amount of assistance offered to you is based on your income and assets. The chart on the following page identifies the maximum amount of assistance available to households in different income brackets. The HomeTown Program reserves the right to adjust the income guidelines and other eligibility requirements as warranted.
A HomeTown staff person will contact all individuals and families who purchased homes through the HomeTown Program within six months of their closing date. The goal of this effort will be to help you, as a new homeowner, address financial or home maintenance issues that may have arisen since your home purchase.
Inquire about this program by calling 757-466-1009
Whoops! We SOLD This One Already!
Big, Bright, Open and New!
Property Details for 110 Smith AVE, Portsmouth, VA 23701
Open the door, You’re HOME! Absolutely beautiful, big, bright, open and new! Want a big Kitchen? Island, Eat in area AND separate dining room. Want an even Bigger Master on the 1st floor with Walk-in Closet and Private Master Bath with floor to ceiling tiled shower? Want a nice living room but still need a separate family room too? How about a Garage? Extra parking space for Boat or RV. Big Fenced Yard? Forget the Jones’. Smith checks ALL the boxes!
1511 Hodges Ferry Road, Portsmouth, VA 23701, Portsmouth VA
Ooops! This one is already gone!
Manor View Ranch With Detached Garage!
Property Details for 1511 Hodges Ferry RD, Portsmouth, VA 23701
Manor view ranch – 4 bed 1.5 bath brick ranch with detached garage. Large fenced back yard with covered deck. Nice living room with hardwood floors. Dining room open to kitchen. Huge family room or 4th br.
OOPS! We already SOLD this one!
All Brick Cape Cod In Merrimac Point!
Property Details for 105 Porter RD, Portsmouth, VA 23707
Charming 4 bed 2 bath all brick Cape Cod in Merrimac Point. Lovely modern kitchen. Cozy living room with fireplace. Hardwood floors. Screened in porch. Large fenced backyard with detached shed. A must see!
Fireplace Wood; Flooring: Carpet, Ceramic, Wood
220 V Elec, Dryer Hookup, Elec Range, Refrigerator, Washer Hookup
Property Details for 3304 Carney Farm LN, Portsmouth, VA 23703
Beautifully Renovated & Updated with brand new everything! WOW Custom Kitchen with all appliances included! Pre-Inspected and Certified Move-In Ready! Home features 3 bedrooms each with own full bath including first floor bed & bath. Open living, dining and kitchen. Separate living room/family room. The en-suite Master has big tiled shower and unique walk-in closet (seriously, it’s like a whole other room!) This home is situated off Carney Farm Lane down a private driveway on almost an acre of land. Covered porches, stone walk way, mud room, attached garage, and fenced lot. Call today for a personal tour!