Help May Be On The Way For Virginia, First Time Home Buyers

First time, first generation home buyers, and people of color who do not own a home may soon have assistance to help them establish, affordable home ownership. The Low Income First Time Homeowners Act will offer those eligible a 20 year mortgage for roughly the same amount as a traditional 30 year year loan. Senator Mark Warner of Virginia. Warner says home ownership is a key tool for Americans to grow their wealth and build economic stability, but for too many Virginian’s, especially people of color the goal has remained out of reach.