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Historic interest rates & great affordability mean now is a great time to buy a home!

Posted: October, 25, 2010 | Categories: Uncategorized

Historic low interest rates for home loans and the great affordability of homes in the Fredericksburg area make NOW the time to make a home purchase. According to Brian Whetzel, Branch Manager for C&F Mortgage in Fredericksburg, Our economist has determined that Spotsylvania and Stafford Counties now have the most affordable homes relative to residents incomes in all of Virginia."

Whetzel, a Fredericksburg native and perennially one of the largest mortgage bankers in the region for over 20 years, feels many buyers can benefit from the VHDA ( ) loan program for first time homebuyers. VA (Veterans Administration) buyers who qualify for VHDA financing can earn up to $112,950 for a family of 3 or more. These buyers may lock in a loan rate for up to 6 months for only $120. VA/VHDA loan rates are now (10/18/10) 0.375% lower than typical VA loans," points out Whetzel. (To be eligible, VHDA buyers may not have owned a home for 3 years prior to closing on the new home purchase.) Whetzel also noted, Mortgage rates are hovering in the 4% range for 30 year loans. Rates are at historic lows and are expected to remain that way through 2010."

C&F Mortgage is the largest originator of VHDA loans in Virginia. Brian Whetzel is one of the top loan officers at C&F in helping customers obtain VHDA loans. For more information and to see if you are eligible, contact Brian Whetzel at

Adam M. Fried
Chief Executive Officer

Atlantic Builders Location, home designs, features and prices are subject to change without notice. We are pledged to the letter and spirit of the U.S. policy for the achievment of equal housing opportunity throughout the Nation. We encourage and support an affirmative marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, handicap, familial status or national origin.
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