We're proud to serve those who serve our country. In a historic partnership launched in 1998, VHDA joined with the U.S. Department of the Navy, and later with all branches of the military to increase homeownership among Virginia's service men and women. This includes active duty, Reservists, National Guard and veterans.

Operation Homeownership

Since 1944, when President Franklin Roosevelt signed into law the Veterans Affairs (VA) Home Loan Program-originally known as the GI Bill of Rights-more than 25.5 million veterans and military service personnel have benefited from VA financing. VA home loans enable active duty service members, veterans and survivors of veterans to buy a home without making a down payment. Borrowers must have qualifying income and credit, and the home's sales price can't exceed the appraised value.

Loans for first-time homebuyers

With or without VA eligibility, you have access to a variety of VHDA loans.

VHDA/FHA—Uses FHA guidelines for qualifying ratios, financing closing costs, mortgage insurance premium, credit and property guidelines.

FHA Plus—Includes a second mortgage, using a VHDA-financed FHA-insured home loan, to help qualified borrowers who need down payment and closing costs assistance.

Other Programs

Granting Freedom
A grant program that pays for modifications to make living spaces more accessible for disabled veterans or disabled servicemen or women. Watch Video.

Cell Phones for Soldiers
Our “Go Green Initiative” to promote sustainability and encourage conservation efforts within VHDA’s buildings, as well as within our communities, includes participation in the nationwide Cell Phones for Soldiers recycling program. Thanks to associate and authority contributions, we’ve donated 447 phones since our April 2010 kick-off. These donations are used to buy calling cards for our troops. Each phone equals an hour of talk time. And there’s no cost to VHDA, because Cell Phones for Soldiers pays to have the phones shipped to them.