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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.

 

Program
Benefits
Features
30 Year - Fixed Rate Programs (Check Eligibility)
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
  • FHA-insured.
  • The most liberal credit qualifying.
  • Low down payments.
  • Low 30-year fixed interest rate.
  • Low down payment.
  • Easy qualifying.
VA
(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.
RHS
(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
Check Eligibility
  • 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.

 

 

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