Back to VHDA Home
Helping Virginians Attain Quality, Affordable Housing
Follow VHDA LinkedIn Facebook YouTube RSS Feed Twitter VHDA Blog Instagram
Español | Text Size: A- A  A+ | Text Only | Print Print

VHDA is increasing the maximum acreage exception limit from 5 acres to 10 acres

The maximum lot size for VHDA financed properties is 2 acres. Effective immediately, exceptions may be made to permit lots greater than 2 acres, but in no event in excess of 10 acres. Lots in excess of 5 acres are ineligible for an MCC. Please refer to the Origination Guide and Program Guidelines for applicable specific requirements.

The lender’s underwriter must render a decision and acknowledge the acreage exception on the Underwriting Transmittal or a memo to the file. Justification for the exception must be included. Generally, a minimum of two comparable properties should support the acreage. No exceptions can be made above 5 acres when the loan is originated with an MCC. For questions please contact underwriting@vhda.com.

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
Email: InternalAudit@vhda.com
Website: Reporting Fraud, Waste or Abuse