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Loan Eligibility Requirements

Loan applicants must:

  •  Be a First Time Homebuyer. (No prior ownership in any residence during previous 3 years. Does not apply when purchasing property in Areas of Economic Opportunity).
  • Intend to occupy the property.

  • May not use home in trade or business.

  • Lot size limited to 2 acres (waivers may be obtained up to 5 acres).

  • Demonstrate creditworthiness.

  • Demonstrate stable income and adequate funds for down payment and closing costs.

  • Meet program income and sales price limits.

  • Complete VHDA's Homeownership Education class.

Loan programs limit borrower income, sales price and loan amount.

Contact Us

Homebuyer Department

Toll Free: 800-227-8432
Local: 804-783-6725


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