• "We were in the process of moving out of state and Bette and Betsy took care of everything for us regarding the closing. We didn't worry-they are so trustworthy." -Barbara and Ted K.
  • "They really know the business and what they are doing. They came highly recommended-they exceeded our expectations." -Barbara and Ted K.
  • "First class.  Betsy worked with us for a long time, so we got to know her well.  Her knowledge and professionalism were outstanding."  Julia and Dan L.
  • "Bette and Betsy were both very personable and professional.  They were perceptive to my needs and wants and were also very knowledgable for a first time home buyer." Evan S.
  • "Bette and Betsy were very professional and made themselves available to me at the hours that worked best for me and through whichever form of communication I chose." -Wendy R.
  • "Awesome. No drama. Helpful every step of the way. Very professional and gave honest opinions." Elizabeth and Richard H.
  • "Very efficient and professional.  They know what to do and I had a contract in 6 days!" -Penny S. 
  • "Betsy was wonderful to work with. Very professional." -Coleen M.
  • "Betsy has a strong set of ethics and was excellent in providing her professional opinion at all the right moments. We love our home!" -Lauren G.
  • "Bette and Betsy represent you not only in making a smart howeowner decision but also in the negotiating process-your agents really are on your side."  -Meleah and Mark B.
  • "We enjoyed the experience of two professional agents who worked together to accomplish our mission." -Katie and Clark O.
  • "Very professional. Incredibly knowledgable. We had worked with many Realtors and none of them compared to Bette and Betsy. They are fabulous. I would recommend them to everyone." -Jessica J.
  • "Love the home warranty and help with subcontractors." -Sherwood T.
  • "Betsy rocks!" James B.
  • "Bette and Betsy are great in every way." - Shelley Y.
  • "Betsy worked very hard dealing with our very difficult buyer. The transaction would have fallen apart if not for her persistence." Carol H and David T.
  • "Betsy's expertise in Old Town was invaluable.  It was very apparent why she and her mom have such a fantastic reputation."  -Tricia B.
  • "Both Bette and Betsy were awesome to work with.  Their knowledge and expertise in the field of real estate went a long way.  We'll definitely work with them again." S. Goodman & J. Luckett
  • "Working with Bette and Betsy put me totally at ease because I was totally confident in them."  -Evan S.
  • "This is a true team-both are strong realtors in their own right." -Lauren G.
  • "Service above and beyond my expectations-highly recommend. Customized level of service to the needs of their clients. Excellent communication and very professional." -Gwen A.
  • "I have made 6 corporate moves and Betsy is hands down the best realtor I have worked with. She worked tirelessly to ensure I was paying a fair price and getting a quality property." Tricia B.
  • "I have bought and sold 6 other properties and working with Bette and Betsy was by far the best sale/buy. Personally they are delightful to work with." -Heather C.
  • "Betsy certainly goes above and beyond. Wouldn't use anyone else."  -Julia and Dan L.
  • "Bette and Betsy are easy to get in touch with and fast moving." -David M.
  • "The transaction went incredibly smoothly and I knew where I stood throughout the process." -Wendy R.

Betsy Gorman
(703) 861-4825
betsy@gormangroup.net

Bette Gorman
(703) 585-2235
bette@gormangroup.net

Long & Foster
400 King Street
Alexandria, VA 22314
(703) 683-0400 - Phone
(703) 763-5750 - Fax

New First Time Homebuyer Financing in City of Alexandria

City of Alexandria Announces New Financing Opportunity for First Time Home Buyers

For Immediate Release: October 9, 2018

The City of Alexandria has announced the availability of Community Homeownership Revitalization Program (CHRP) funds to provide first-time homebuyers with permanent financing for home purchases. The City was recently awarded an allocation of $4 million through a competitive solicitation administered by the Virginia Housing Development Authority (VHDA).

The CHRP funding only applies to VHDA mortgages, but can be combined with City homeownership and down payment loan assistance to qualified, income-eligible first time homebuyers. CHRP funds reduce VHDA mortgage loans to 1% lower than VHDA’s published First-Time Homebuyer mortgage rate. CHRP financing is not a grant or a loan, and does not require repayment. However, CHRP allocations are only reserved for individual homebuyers after the buyer has a ratified sales contract.

To qualify for a City of Alexandria sponsored CHRP allocation, the prospective homebuyer must meet the following criteria:

  • Live or work in the City of Alexandria for six months prior to requesting CHRP funding;
  • Have an annual household income at or below 100% of Area Median Income (which ranged from $82,100 for a household of one to $126,600 for a household of five in 2018);
  • Be a first-time homebuyer, defined as someone having had no ownership interest in real property in the past three years (exceptions may be granted based on circumstances regarding a termination of prior ownership);
  • Receive a first trust VHDA mortgage from a City of Alexandria-designated “Participating Lender;” and
  • Purchase a home located within the City of Alexandria.

Homebuyers do not have to participate in the City’s Flexible Homeownership Assistance Program to use CHRP funding, but they may be eligible.

Lenders and homebuyers who are interested in using CHRP funding should visit alexandriava.gov/Housing.

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