Back to VHDA Home
Follow VHDA LinkedIn Facebook YouTube RSS Feed Google+ VHDA Blog
Español | Text Size: A- A  A+ | Print Print

Home Loans

Homeownership Made Affordable

Looking for the VHDA loan that’s right for you? We offer a variety of home mortgage loans aimed at meeting the many needs of today’s homebuyers. Some of our loans don’t require a down payment. VHDA loans also provide high loan-to-value options, flexible underwriting and down payment and closing cost assistance, plus our interest rates are fixed for 30 years. All loans have maximum income and sales price limits and/or loan limits, which vary according to where the home is located.


30 Year - Fixed Rate Programs
Conventional Fixed
  • The lowest fixed payment for eligible applicants.
  • Conventional private mortgage insurance allows up to 97% of sales price.
  • Low 30-year fixed interest rate.
  • Low fixed monthly payments.
  • FHA-insured.
  • The most liberal credit qualifying.
  • Low down payments.
  • Low 30-year fixed interest rate.
  • Low down payment.
  • Easy qualifying.
(Veterans Administration)
  • VA-guaranteed.
  • Low, fixed interest rate.
  • No down payment for eligible veterans.
  • Low 30-year fixed interest rate.
  • $0 down payment.
  • Low fixed monthly payments.
(Rural Housing Service)
  • Government-insured.
  • No down payment in approved rural areas.
  • Low 30-year fixed interest rate.
  • $0 down
  • Low fixed monthly payments
FHA Plus
  • FHA-fixed first mortgage.
  • No down payment cash is needed, because in addition to VHDA’s FHA-insured first mortgage, you’ll also receive a second mortgage to help fund your down payment and closing costs.
  • Maximum loan amount:
    First mortgage – maximum FHA mortgage
    Second mortgage – 3.5% to 5% of sales price
  • No cash back
  • Low 30-year fixed interest rate on both the first and second mortgages.
  • $0 down payment.
Fannie Mae HFA Preferred with Reduced MI



NOTE: You will need Adobe’s Acrobat Reader (.pdf), Microsoft Word Viewer (.doc), Microsoft Power Point Viewer (.ppt), or Microsoft Excel Viewer (.xls) in order to view some of the documents on this page.

Contact Us

Homebuyer Department

Toll Free: 800-227-8432
Local: 804-783-6725


Customer Service

Toll Free: 877-VHDA-123
Local: 804-782-1986


Virginia Relay

In Virginia: 711
Toll Free: 800-828-1140


VHDA Fraud, Waste or Abuse Hotline

Phone: 804-915-3146
Website: Reporting Fraud, Waste or Abuse