Income and Sales Price / Loan Limits

Income Limits

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: 12/2017
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Area	Maximum Gross Household Income				Sales Price/Loan Limits
Area	2 or Fewer People		3 or More People		New & Existing Construction
	Standard	With VHDA Down Payment Grant	Standard	With VHDA Down Payment Grant	New & Existing Construction
Washington-Arlington-Alexandria	$125,700	$100,500	$146,700	$117,300	$500,000
Charlottesville Richmond Norfolk-VA Beach-Newport News	$90,000 $88,200 $83,200	$72,000 $70,500 $66,500	$105,000 $102,900 $97,000	$84,000 $82,300 $77,600	$375,000
Culpeper Rappahannock Warren	$87,500 $85,200 $84,200	$70,000 $68,100 $67,300	$102,100 $99,400 $98,200	$81,600 $79,500 $78,500	$425,000
King George	$92,600	$74,000	$106,900	$85,500	$322,900
All Other Areas of Virginia	$76,700	$61,300	$88,200	$70,500	$251,900

Calculation of maximum household income varies depending on program type or if combined with an MCC (Mortgage Credit Certificate) or VHDA Down Payment Assistance (DPA) grant.

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, Caroline 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 limits apply to all VHDA loans. FHA 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 VHDA’s sales price limits.
Please contact VHDA or an approved lender for the maximum allowable FHA, VA and RHS mortgage limits in a jurisdiction and the RHS gross income guidelines in your area. Loan amounts may include financed guaranty fees or mortgage insurance premiums, but cannot exceed VHDA's sales price limits.

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

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