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
A Robust Housing Market For Years To Come
Two questions continue to be asked of me. The first is, should I worry about rising prices and wait for the market to slow? The …
Homebuyer Options
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Moving Checklist
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ICE Mortgage Technology Case Study
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Refinancing 101
Rates have hit an all-time low and have left homeowners scrambling to refinance their mortgages. You have most likely heard in casual conversations with friends …
Your Journey Home
Knowing the path will travel together helps the journey go more smoothly. We have outlined some important highlights so you know what to expect along …
Homebuyer Tips
Our goal is to make your home buying experience as smooth as possible. We have highlighted some best practices to help keep your finances in …
Getting Started
Whether you are buying your first home, right-sizing now that the kids are gone, navigating the jumbo luxury market, renovating your home, or working with …
Choosing The Right Down Payment
A down payment is the amount you pay toward the home yourself. You put a percentage of the home’s value down and borrow the rest …
Built Just For You
NEW CONSTRUCTION, CUSTOM HOME & RENOVATION HOME LOANS Our extensive knowledge of the new construction and renovation loan market allows us to offer a wide …
Finding The Right Mortgage
There are many different types of home loans available. The one that’s best for you will depend on your personal financial situation and homeownership goals. …
Know Your Credit Score
When applying for a mortgage loan, your credit score will be one of the key factors in whether you’re approved and it will help determine …
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 …