Loan Options
Virginia Housing
Homeownership Made Affordable
Virginia Housing (formerly referred to as VHDA) offers affordable loan programs for Virginians. The quality programs offered provides affordable housing opportunities to Virginia residents who otherwise might not be able to afford homeownership.
Looking for the Virginia Housing loan that’s right for you? Virginia Housing offers a variety of affordable home mortgages. All are 30-year fixed rate loans. Some don’t require any downpayment; some allow for lower credit scores; and some offer an MCC to help reduce federal taxes. Virginia Housing makes homeownership affordable through the “Virginia Housing Loan Combo,” a down payment grant, plus an MCC (a federal tax credit for homebuyers), plus our free homebuyers class. All loans have maximum income and sales price limits and/or loan limits, which vary according to where the home is located.
Virginia Housing Features & Benefits
- 30-Year Fixed Rate loans
- Mortgages for First-Time Homebuyers
- Low or No Down Payment
- Lower Credit Scores
- Down Payment Grant (Virginia Housing Loan Combo)
- MCC (a Federal tax credit for homebuyers)
- Free homebuyers class
- Home accessibility grants for people with disabilities and the elderly
Get Started on Your Journey Home
Knowledge Base
Get Your Cash Back
Paying cash for a home has benefits. Take advantage of being a cash buyer to give the seller confidence the transaction will close quickly and …
Refinance & Renovate
If you are having a difficult time finding a new home with limited inventory in today’s market, have you considered renovating your current home? We …
6 Tips for Saving For Your Down Payment
Before you can make the transition from renting your home to owning your home, you will need to have a down payment, typically 3 to …
Credit Tips for First Time Homebuyers
When applying for a mortgage loan, your credit will be one of the key factors in whether you’re approved, and it will help determine your …
Have You Heard? Refinance and Remove FHA Mortgage Insurance
Refinancing your FHA loan to a conventional mortgage may clear room in your monthly budget, especially with interest rates hovering at historic lows. Removing FHA …
Homebuyer Tips
Our goal is to make your home buying experience as seamless as possible. We have highlighted some key guidelines to help keep your finances in …
Appraisal Methods
When you’re buying a home using a mortgage, refinancing your existing mortgage or selling your home to anyone other than an all-cash buyer, the home …
To Do After Closing
After you finish signing at the closing of your new home, you’re handed the keys and the house is officially yours! But, there are some …
Why Use a Local/Regional Mortgage Lender?
Buying a home will likely be the biggest purchase you will ever make in your life. Finally moving into your new home will be a …
Homeowners Insurance
Homeowners insurance or home insurance is typically required for anyone who takes out a mortgage to buy a home. Prior to closing on a mortgage, …
Tax Deduction Documents For A Home Mortgage
When you buy a home, there may be tax deduction benefits. These include possible mortgage interest and points you paid to receive a lower interest …
5 Important Questions When Choosing Your First Home
Buying your own home can be exciting and frightening at the same time. George Mason Mortgage suggests considering the following questions when choosing your first …
2021 – The Year For The Home Buyer And Seller
By: David H Stevens, CMB In my almost forty years in the real estate and mortgage finance business, there have been a variety of cycles …
David H. Stevens Named New Advisor to the George Mason Mortgage Board of Directors
David H. Stevens, CMB, (Dave) is a 36 year veteran of the Mortgage Banking industry. Dave served as the President and CEO of the Mortgage …
What to Expect From a Biden Regime
David H Stevens, CMB is the CEO of Mountain Lake Consulting, Inc and an advisor to George Mason Mortgage. David was the CEO of the …
The Federal Reserve, the Housing Market, and Mortgage Rates
The housing economy is one of the remarkable stories we will remember about the COVID experience in the USA. In March when the nation shut …
FHFA Announces Conforming Loan Limits for 2021
Fannie Mae and Freddie Mac Baseline Limit Will Increase to $548,250 Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced the maximum conforming loan …
Moving Checklist
We looked everywhere and found what we think is the most comprehensive moving planner from moving.com. Their moving planner is set to begin prior to …
Ellie Mae Announces 2017 Hall of Fame Award Finalists
Winners will be announced at the Ellie Mae Experience 2017 user conference PLEASANTON, Calif. – January 10, 2017 – Ellie Mae® (NYSE: ELLI), a leading provider of innovative …
Response to the Coronavirus from George Mason Mortgage
At George Mason Mortgage, the health and safety of our employees, customers and communities we serve are our top priority. As we continue to monitor …
George Mason Mortgage, We’re Here For You
The COVID-19 (also known as “coronavirus”) situation has quickly changed our daily lives. George Mason Mortgage recognizes our entire country is dealing with constant uncertainty …
Your First Step: Budget & Affordability
One of the first steps to get started on this exciting journey is planning ahead. Here are some tips to determine how much home you …
Homebuyer Options
Low Down Payment Programs & Grants George Mason Mortgage has the program options to fit your story and our experienced mortgage professionals will help find …
The Lowdown on Down Payments & Mortgage Insurance
The 20% Down Payment Myth Many first time home buyers believe they must put 20 percent down on a home. But that is far from …