Find First-Time Home Buyer Specialists in Richmond, VA
Browse first-time home buyer specialists serving Richmond, Virginia. Contact information and addresses listed below.
Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeMortgageUSA.com. We do not endorse any broker or guarantee outcomes. Verify licensing and disciplinary status with the
State Mortgage Licensing Authority of Virginia before hiring.
Showing 20 first-time home buyer specialists in Richmond, VA
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
What Does a First-Time Home Buyer Specialist in Richmond Cost?
Typical costs for a first-time home buyer specialist in Richmond Virginia include the real estate agent commission which is usually paid by the seller. Mortgage origination fees range from 0.5 percent to 1 percent of the loan amount. Appraisal fees cost 400 to 700 dollars and title insurance costs about 0.5 percent of the purchase price. Virginia charges a recordation tax of 0.25 cents per 100 dollars of the loan amount and a grantors tax of 0.50 cents per 100 dollars. This is general information not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What is a first-time home buyer specialist in Richmond Virginia?
A specialist is a licensed real estate agent or mortgage professional who focuses on helping first-time buyers. They understand Virginia Housing programs and local market conditions in Richmond. They also know about the Virginia first-time home buyer tax credit and down payment assistance grants.
What Virginia programs help first-time home buyers in Richmond?
The Virginia Housing Development Authority offers the FHA Plus program and the Conventional Plus program. These provide up to 5 percent of the loan amount for down payment and closing costs. Buyers must complete a home buyer education class approved by Virginia Housing.
How long does the home buying process take for a first-time buyer in Virginia?
The typical timeline is 30 to 60 days from offer to closing. Virginia law requires a 10 day home inspection contingency period unless waived. The lender must provide a Loan Estimate within 3 business days of application and a Closing Disclosure at least 3 business days before closing.