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Homebuyer
Assistance
Available
* 1 Downpayment assistance and very Jow cost mortgage funds are available ion a limited basis to income eligible Jtomebuyers in Culpeper, Fauquier, ^yfadison. Orange and Rappahannock counties. A group of local not-forprofit housing corporations have been chosen by the VA Deptartment of ^Housing to operate the Regional Loan fund Program (RLEP). i Fauquier Housing Corporation is ithe Program Administrator and the ICulpeper Community Development Corporation is the Program Coordinator. > The Loan Fund provides a combination of 0 percent, 3 percent and 5 ipercent permanent 30 year £jxed Financing. Successful applicants will: meet income limits; credit and repayment ability requirements; have at •least $500 cash available for downpayment; live in the service area; completed the required homeownership■counseling program; and have not ‘owned a home within three years. • For information call Michelene 'Hostetter 341-2805, Sam Aitken 825“7434 or Janet Herr 948-3274. 4
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