Financing Your Move
$499,900, and likely more ways to get there than you'd expect — VA, USDA, FHA, conventional, a much larger down payment, or all-cash. Explore the programs below, then try the calculator to see what a payment could look like.
A note on the numbers below: This page is educational only. Chuck Cornwell and CHC Realty are a licensed Virginia real estate brokerage — not a mortgage lender, loan originator, or broker — and nothing here is an advertisement, offer, or commitment to extend credit. Every figure is a hypothetical illustration based on the assumptions you choose, not a quote, pre-approval, or Loan Estimate. Actual rates, APR, program eligibility, and payments are determined by a licensed mortgage lender and change daily. Equal Housing Opportunity.
Explore Your Options
Every buyer's situation is different. These are some of the more common paths worth discussing with a licensed lender — not an exhaustive list, and not a recommendation of any one program.
Eligible active-duty service members, veterans, and qualifying surviving spouses.
Backed by the USDA for eligible rural and suburban properties, with income limits based on household size and county.
Popular with first-time buyers and buyers building or rebuilding credit.
Widely used by buyers with solid credit and some savings for a down payment.
A traditional path for buyers with an existing home to sell or strong savings.
Buyers bringing significant proceeds from a prior sale, investment funds, or other assets.
Buyers who prefer to close without a loan, contingency, or lender timeline.
Side-by-Side
| Program | Typical Min. Down | Ongoing MI / Fee | Best Fit For |
|---|---|---|---|
| VA | 0% | None (funding fee may apply, often financed) | Eligible veterans, active-duty & surviving spouses |
| USDA | 0% | Annual guarantee fee | Eligible rural homes, within income limits — eligibility for this address unconfirmed |
| FHA | 3.5% | Annual MIP | First-time buyers & buyers building credit |
| Conventional | As low as 3–5% | PMI if under 20% down (removable) | Buyers with solid credit & some savings |
| Conventional 20%+ | 20% or more | None | Buyers with strong savings or sale proceeds |
| Cash / Large Down | 50%–100% | None | Move-up buyers & buyers prioritizing a strong offer |
Program terms and fees are typical ranges, not guarantees — every lender and program differs, and details change over time.
Payment Calculator
Adjust the assumptions to see a hypothetical monthly principal-and-interest payment on $499,900. Every number below is an illustration you control — not a quote.
Estimated monthly payment
$3,318/mo
Property taxes, homeowners insurance, and any association dues or fees are not included and will vary by property and buyer. This is a hypothetical illustration only — not a loan offer, quote, or Annual Percentage Rate (APR) disclosure, and not a commitment to lend. Your actual rate, APR, mortgage insurance, and payment will be provided by a licensed mortgage lender.
Illustrative rates reflect general market conditions and are provided only as a starting point for your own exploration. Mortgage rates change daily and vary by lender — this is not a rate quote or an Annual Percentage Rate (APR) disclosure under the federal Truth in Lending Act.
Every buyer's path is different. Reach out and we'll help point you toward lenders and programs worth exploring for your situation.
Financing Disclosures
The financing information, loan program descriptions, and payment examples on this page are provided for general informational and illustrative purposes only. They do not constitute an advertisement, application, offer, or commitment to make a loan. CHC Realty and Chuck Cornwell are not mortgage lenders, loan originators, or mortgage brokers, and do not take loan applications, set interest rates, or guarantee financing approval, terms, or program eligibility.
Payment examples reflect the down payment, interest rate, loan term, and other assumptions selected using the interactive tool above. They are not an Annual Percentage Rate (APR) disclosure required under the federal Truth in Lending Act (Regulation Z) and do not include all costs of credit. Actual interest rates, APR, mortgage insurance, funding or guarantee fees, closing costs, and monthly payments will vary based on the buyer's credit profile, the lender selected, the specific loan program and its current guidelines, and market conditions at the time of application, and may differ materially from the examples shown. Property taxes, insurance, and other recurring costs are not included in the calculator and will vary.
VA, USDA, FHA, and conventional loan program availability and eligibility — including any property or area eligibility for USDA financing, which has not been confirmed for this address — are determined by the applicable government agency, investor guidelines, and the buyer's individual qualifications, not by CHC Realty. Buyers are strongly encouraged to consult a licensed mortgage loan originator and obtain a written Loan Estimate before relying on any figure shown on this page, and to compare offers from more than one lender.
Equal Housing Opportunity. Under the Equal Credit Opportunity Act, it is illegal to discriminate in any aspect of a credit transaction based on race, color, religion, national origin, sex, marital status, age, receipt of public assistance income, or good-faith exercise of rights under the Consumer Credit Protection Act.