All of our first-time homebuyer loans have maximum income and sales price/loan limits based on the geographic area in which the home is located. They are also limited to borrowers who have not owned AND occupied a home as a primary residence in the past three years. Exceptions to this guideline as well as higher income and sales price/loan limits are available for properties located in Areas of Economic Opportunity.

Effective: 05/15/2020
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Calculation of maximum household income varies depending on program type or if combined with an MCC (Mortgage Credit Certificate) or Virginia Housing Down Payment Assistance (DPA) grant.

 To view applicable limits for loan applications prior to 05/15/2020 click here.

Metropolitan Statistical Area (MSA) Details

• These limits apply to all Virginia Housing loans. Virginia Housing Plus combined first and second mortgage cannot exceed maximum sales price limit.
• Loan amounts that include financed guaranty fees or mortgage insurance premiums cannot exceed Virginia Housing’s sales price limits.
• Please check with your Virginia Housing-approved lender to verify income, sales price and loan limits for your purchase.
• Conventional loans follow the maximum conforming loan limits.

The information contained herein (including but not limited to any description of Virginia Housing and its lending programs and products, eligibility criteria, interest rates, fees and all other loan terms) is subject to change without notice.