Exciting news for first-time homebuyers in Virginia: the Virginia Housing Development Authority (VHDA) has announced higher income and sales price/loan limits.

The changes will take effect with new applications beginning September 5, 2019.

Thanks to the increased limits, more first-time homebuyers will qualify for a VHDA loan, which makes homeownership affordable for low- and moderate-income families in Virginia.

Check out the new limits in the chart below:

First Heritage Mortgage VHDA Income and Loan Limits Flyer

The standard limits shown in the chart apply to Conventional, FHA, VA, and RHS loan programs, as well as Mortgage Credit Certificates (MCCs).

Lower income limits apply to VHDA Grant programs.

This information will be updated on the VHDA website in September 2019.


About the VHDA Loan

VHDA loans are designed to help first-time homebuyers in Virginia attain quality, affordable housing. With a VHDA loan, eligible homebuyers benefit from:

  • Flexible credit qualifying criteria
  • Free homebuyer education
  • Predictable monthly payments with a 30-year fixed-rate loan
  • A variety of options including Conventional, FHA, VA, and RHS loan programs
  • Mortgage Credit Certificates (MCCs)
  • Available grant programs for low down payments or even 100% financing

All VHDA loans have maximum limits for household income and the sales price or loan amount associated with the home being purchased. These limits are based on the geographic area in which the home is located, and are subject to change based on market conditions.


Learn More

For more information about how you can benefit from the new VHDA income and sales price/loan limits: