Call us toll free: 800-227-8432
Wytheville office: 800-447-5145
Mortgage Servicing (existing customers): 800-235-6938
Homeownership Education: 888-643-2696
Our mailing address is: 601 S. Belvidere St., Richmond, VA 23220
Just follow these steps:
Click here to search the calendar of classes for a time and location that meet your needs. Click the link associated with a class date to view information regarding whom to contact for registration.
More on Homeownership Education
Loan applicants must intend to occupy the property and demonstrate creditworthiness, sufficient stable income and adequate funds for the down payment and closing costs. In addition, all borrowers must complete VHDA's Homeownership Education class. Loan programs limit the borrower's income, sales price and loan amount.
Click here for additional information regarding eligibility requirements.
Income limits vary based on the area of the state in which the property is located.
Click here for a table of these limits.
Loan limits for our First-time Homebuyer programs vary, based on the area of the state in which the property is located.
Being prepared for the loan application reduces the time it takes to have your loan reviewed and approved. You should be able to provide:
Homes financed by one of our special first-time homebuyer programs (30-year Fixed Rate Mortgage, FHA Plus) may be subject to a Federal Recapture Tax. This tax only affects buyers who have rapid and significant increases in income and sell or transfer their home within nine years of the purchase date. It is suggested potential buyers contact a tax advisor or the IRS for more information concerning the possibility of the payment of Recapture Tax.
Click here for an Online Recapture Calculator.
Click here for an IRS explanation of the recapture of federal subsidy.
We offer a variety of financing designed to meet the unique needs of first-time homebuyers. The low interest rate of VHDA mortgages combined with favorable underwriting guidelines make our loans a great choice for new homebuyers. Select a link for additional information.
Rates may change due to a variety of economic factors.
Click here to view current rates.
Homebuyer DepartmentToll Free: 800-227-8432Local: 804-783-6725VHDAServicing@vhda.com
Customer ServiceToll Free: 877-VHDA-123 Local: 804-782-1986
Virginia RelayIn Virginia: 711Toll Free: 800-828-1140