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VHDA Reservation Fees and Miscellaneous Updates

To:  VHDA Originating Lenders

Date:  August 23, 2007

VHDA Reservation Fees and Miscellaneous Updates

Reservation Fees:

In an attempt to more efficiently distribute Expired Reservation Fee invoices, VHDA is changing its internal system and would like to collect the name and address of a contact person in your company that will be the recipient of Expired Reservation Fee invoices.

We hope that by collecting this information and sending the invoices to a designated party, collection of these outstanding fees will be simplified which could ultimately result in less penalty fees to the Lenders.

Please send the contact’s name, company name, branch address, email address, telephone number and fax number to Sandy Redd, or you may reach her at 804-343-5820. Please designate one contact only who will be able to disseminate this information throughout the company.

Reminder of Change in Tax Service Fee:

The tax service fee charged on VHDA serviced loans closed on or after September 1, 2007 will be reduced to $45.00, and will be netted from the loan proceeds check. The tax service provider will change to LandAmerica. If you have any questions, contact Sheila Pollard at 804-343-5976.

Contact Us

Homeownership Program Department

Toll free: 800-227-8432
Local: 804-783-6725
Homeownership Staff Directory

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