New VHDA Income and Sales Price/Loan Limits
Now, more homebuyers may qualify for a VHDA FHA Plus or Homebuyer Tax Credit Plus loan that offers an affordable fixed rate and help with the down payment.
Income limits increased in all areas of the state and sales price/loan limits increased in most areas.
A summary of the new limits is noted below. Visit vhda.com/loanlimits for complete details.
|
Area |
Maximum Gross Household Income |
Sales Price Limits |
|
1 – 2 person |
3 or More Persons |
|
| Washington DC./No.VA MSA |
$97,500 |
$112,950 |
$450,000 |
| Warren County |
$70,000 |
$81,000 |
$450,000 |
Va.Beach-Norfolk
Richmond
Charlottesville
Winchester -Frederick
MSA’s
|
$70,000 |
$81,000 |
$325,000 |
| Culpeper/Essex/Rappahanock |
$70,000 |
$81,000 |
$310,000 |
| King George County |
$73,000 |
$84,500 |
$310,000 |
| Remainder of State |
$70,000 |
$81,000 |
$245,700 |
