Income and Sales Price / Loan Limits
Find exceptions to this guideline, as well as higher income and sales price / loan limits in Areas of Economic Opportunity.
The calculation of maximum household income varies depending on program type.
Effective date: 12/15/2023
| Area | Maximum Gross Household Income | Sales Price/Loan Limit | ||||
| 2 or Fewer People | 3 or More People | All Household Sizes | New & Existing Construction | |||
| With Virginia Housing DPA or CCA Grant |
Standard / Bond |
With Virginia Housing DPA or CCA Grant |
Standard / Bond | Expanded / Non-Bond | Standard / Bond | |
| Washington Arlington Alexandria |
$137,000 | $171,000 | $160,000 | $200,000 | $228,000 | $725,000 |
| Richmond | $86,000 | $107,000 | $99,000 | $123,000 | $152,000 | $500,000 |
| Charlottesville | $84,000 | $105,000 | $97,000 | $121,000 | $475,000 | |
| Norfolk VA Beach Newport News |
$84,000 | $105,000 | $97,000 | $121,000 | $475,000 | |
| Culpeper Rappahannock Warren |
$88,000 | $110,000 | $103,000 | $129,000 | $650,000 | |
| All Other Areas of Virginia | $80,000 | $100,000 | $92,000 | $115,000 | $450,000 | |
Metropolitan Statistical Area (MSA details)
| Washington-Arlington-Alexandria | Charlottesville | Richmond | Norfolk-Virginia Beach-Newport News |
|---|---|---|---|
| Alexandria, Arlington County, Clarke County, Fairfax, Fairfax County, Falls Church, Fauquier County, Fredericksburg, Loudoun County, Manassas, Manassas Park, Prince William County, Spotsylvania County, Stafford County | Albemarle County, Charlottesville, Fluvanna County, Greene County, Nelson County | Amelia County, Charles City County, Chesterfield County, Colonial Heights, Dinwiddie County, Goochland County, Hanover County, Henrico County, Hopewell, King William County, New Kent County, Petersburg, Powhatan County, Prince George County, City of Richmond, Sussex | Chesapeake, Gloucester County, Hampton, Isle of Wight County, James City County, Mathews County, Newport News, Norfolk, Poquoson, Portsmouth, Suffolk, Virginia Beach, Williamsburg, York County |
- These income limits apply to all Virginia Housing loans.
- The expanded income limits apply to Conventional, FHA, VA and RHS non-bond programs and there is no sales price limit for these non-bond programs.
- The sales price limits apply to Virginia Housing bond loans with or without a Virginia Housing Grant or Plus Second Mortgage. The sales price limits do not apply to Virginia Housing non-bond programs.
- The income limit and sales price limit, if applicable, of the first mortgage applies to the Plus Second Mortgage.
- Loan amounts that include financed guaranty fees or mortgage insurance premiums plus a Virginia Housing second mortgage, if applicable, cannot exceed Virginia Housing’s sales price limits.
- Conventional loans follow maximum conforming loan limits.
- Please check with your Virginia Housing-approved lender to verify income, sales price, and loan limits for your purchase.
For applications before 12/15/2023, review 2022 Income and Sales Price / Loan Limits.
Get in touch with Virginia Housing
Toll free: 877-834-2123Local: 804-782-1986
Homeownership@VirginiaHousing.com