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VHDA and the U.S. Military

VHDA and the U.S.Military

(Type Military in the Keyword Search)

VHDA began its partnership with the military with the mission of educating military service members and their families about the homebuying process from start to finish and how to stay on track as a responsible homeowner.

The benefits of the partnership include teaching onsite military homebuyer education classes, combining the expertise of military financial educators with that of VHDA's housing education team to teach topics including: Personal Finances, Credit and Credit Reporting, Working with a Lender, the Role of the Real Estate Agent, the Home Inspection, Loan Closing, and the benefits of developing a savings and spending plan.

Participants have an opportunity to interact with local subject matter experts, including nonprofits, lenders, real estate agents, home inspectors, and settlement agents who share their knowledge and experience about homeownership.

The partnership has taught more than 300 classes, thereby educating and empowering over 3,700 participants to become knowledgeable buyers and successful homeowners, all of whom receive the VHDA Homebuyer Education Handbook and a Certificate of Completion.

 

Homebuyer Education

Free training to help you learn the homebuying process from start to finish, as well as how to stay on track as a responsible homeowner. After you click on the Homeownership Education link, type “Military” in the Keyword Search to find a class taught on a military installation. Learn more >>.

How to Be a Successful Renter - Free eBook

What are your rights and responsibilities as a renter? How do you find a place to rent? Whose problem is it if the sink drips? Can you get your security deposit back? Get answers to these and many more questions in VHDA’s free eBook, How to be a Successful Renter. Learn more >>.

Accessibility Grants for Disabled Veterans

A grant program that pays for modifications to make living spaces more accessible for disabled veterans or disabled servicemen or women. Watch Video. Learn more >>.

Search for Rental Housing for Veterans or VASH Recipients

Use VirginiaHousingSearch.com to help find a rental home for Veterans or VASH recipients. Learn more >>.

Cell Phones for Soldiers

Our "Go Green Initiative" to promote sustainability and encourage conservation efforts within VHDA's buildings, as well as within our communities, includes participation in the nationwide Cell Phones for Soldiers recycling program. Thanks to associate and authority contributions, we've donated 522 phones since our April 2010 kick-off. These donations are used to buy calling cards for our troops. Each phone valued at $5 equals an estimated 2.5 hours of free talk time. And there's no cost to VHDA, because Cell Phones for Soldiers pays to have the phones shipped to them. Learn more >>.

Loans for first-time homebuyers

VHDA/VA

Allows a maximum mortgage of 100 percent of sales price for qualified active duty personnel and veterans with VA eligibility who meet VA qualifying criteria and VHDA eligibility requirements. Learn more >>.

VHDA/FHA

Uses FHA guidelines for qualifying ratios, mortgage insurance premium, credit and property guidelines. Learn more >>.

FHA Plus

Includes a second mortgage, using a VHDA-financed FHA-insured home loan, to help qualified borrowers who need down payment and closing costs assistance. Learn more >>.

VHDA/Fannie Mae HFA Preferred with Reduced Mortgage Insurance

Available for qualified first-time and repeat buyers for purchase or refinancing. Offers low 3% down payment and reduced Mortgage Insurance Premium. This program can be used in conjunction with VHDA's Down Payment Assistance Grant reducing required down payment to 1%. Learn more >>.

VHDA/Fannie Mae 97% No Mortgage Insurance

Available for qualified first-time and repeat buyers for purchase or refinancing. Offers low 3% down payment with no Mortgage Insurance Premium. This program can be used in conjunction with VHDA's Down Payment Assistance Grant reducing required down payment to 1%. Learn more >>.

VHDA Down Payment Assistance Grant

Available for qualified first-time homebuyers with a maximum grant amount of 2 - 2.5% of the purchase price to be used towards required down payment. This option can be paired with the VHDA/FHA and VHDA/Fannie Mae programs. Learn more >>.

VHDA Mortgage Credit Certificate (MCC)

Boost tax benefits of owning a home - reduces federal taxes owed for the life of the loan while in the property. MCC is a dollar-for-dollar credit against your federal income tax liability. The credit is equal to 20 percent of the annual mortgage interest paid. Available for qualified first-time homebuyers and can be paired with all programs offered by VHDA. Learn more >>.

Find-a-Lender

This listing of loan officers in your area who can assist you with VHDA loans makes locating a lender quick and easy. Learn more >>.

 

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Contact Us

Homebuyer Department

Toll Free: 800-227-8432
Local: 804-783-6725
VHDAServicing@vhda.com
Note: In order to protect your privacy, please do not send confidential personal information or sensitive materials through this form. VHDA is not responsible for the security and/or confidentiality of personal information submitted via this form.


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