Homeownership Mortgage Interest Rates

VHDA's homeownership loan interest rates as of Tuesday, August 19, 2008 are listed below. Rates are subject to change without notice and are not guaranteed until lock-in.
Select the "Additional Pricing Options" links for each program to view the available rate and points options.

VHDA's Rateline: (800) 637-7738
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First-time Homebuyer Loan Programs
Mortgage Program Current Rate APR* Points
Fixed Rate Programs
(Conventional, FHA,VA,RHS)		 5.750 % % 1 origination and 1 discount point.
Additional Pricing Options
FHA Plus (1st mortgage) 6.000 % %

1 origination and 1 discount point.
Additional Pricing Options

Flexible Alternative Loan Programs
(The Flex Alt Program is suspended effective April 1, 2008)
Mortgage Program Current Rate APR* Points
Flex Alt 100
(Applies to SPARC only)		 N/A N/A 1 origination and 1.5 discount points.**
Additional Pricing Options

*The APR calculations are based on 30 year, $150,000 mortgages with the indicated origination and discount point(s); these calculations assume no Mortgage Insurance, except for the FHA Plus mortgage which has an upfront Mortgage Insurance Premium with monthly renewal until a 78% LTV is reached.

**Points and Interest Rates may vary based on program guidelines and selected pricing option.