VHDA Loan Programs in Virginia
Down Payment & Closing Cost Assistance for Virginia Homebuyers
Virginia Housing (VHDA) offers mortgage programs and down payment assistance designed to help first-time buyers purchase a primary residence in Virginia.
Get Pre-Qualified for a VHDA Loan Today
Virginia Housing programs have income limits, purchase caps, and documentation requirements. We’ll review your eligibility before you submit a full application.
What Is a VHDA Loan?
A VHDA loan (Virginia Housing Development Authority loan) is a mortgage program backed by Virginia Housing to support affordable homeownership across Virginia.
VHDA programs may include: Competitive fixed-rate mortgage options, Down payment assistance grants (typically 2%–2.5%), Reduced mortgage insurance options, Income-based qualification
These programs are primarily designed for first-time homebuyers but may also apply to repeat buyers in designated Target Areas.
VHDA Loan Benefits
- 2%–2.5% grant toward the purchase price
- Can be combined with FHA or Conventional financing
- No repayment on grant portion (when structured as grant)
- Designed for buyers with steady income but limited savings
- Available across most Virginia counties
VHDA Loan Requirements
To qualify for a VHDA loan in Virginia, applicants must:
Use the property as their primary residence
Meet Virginia Housing income limits
Stay within purchase price limits
Complete a VHDA-approved Homebuyer Education Course
Why Work With USA Loans for VHDA Programs?
Navigating Virginia Housing programs requires accuracy and experience.
- Approved VHDA lender
- Familiar with Virginia county income limits
- Clear guidance on DTI and underwriting
- Help combining VHDA with FHA or Conventional
- English and Spanish assistance available
VHDA Loan FAQs
Common questions about VHDA Loan
Is VHDA only for first-time buyers?
Primarily yes, but exceptions exist in Target Areas.
How much assistance can I receive?
Typically 2%–2.5% of the purchase price.
Do I have to repay the grant?
Grant portions do not require repayment if structured as a true grant.
Can I combine VHDA with FHA?
Yes. VHDA assistance often works with FHA or Conventional loans.
