VHFA and its counterparts across the nation are increasing home buying activity through “very solid” tax-free municipal debt, according to Bloomberg news.
By offering low and no down payment loans in conjunction with low interest rate mortgage financing, state housing finance agencies have helped people who would otherwise continue renting to overcome rising closing costs and buy homes, the article explains.
State housing finance agencies fund their activities through tax-free municipal bonds that can offer “real value” to investors by providing higher yields than similar non-housing municipal bonds, according to investment experts interviewed by Bloomberg.
Learn more about low down payment and mortgage interest rate options available through VHFA on our website.