State and Local Housing Programs

These are the most popular First Time Home Buyer Programs offered by VHDA
(Virginia Housing Development Authority)

Looking for a VHDA loan that's right for you? VHDA offers a variety of home loan options designed to meet the needs of Virginia's homebuyers. Read the information here to learn about the special features of VHDA's loan programs.

Completion of VHDA’s FREE Homeownership class is required to qualify for a VHDA loan.

Call Tim Estes for More VHDA Information

Phone: (804) 358-7929 Ext. 12 OR Tim@Pro-Mortgage.com

Income & Sale Price Limits Apply

Program	Benefits	Features
FHA (Federal Housing Administration) Insured Loans	FHA insured loans offer the most liberal credit qualifying with low down payments.	Below-market, VHDA fixed rate Low, fixed payments Low down payments Easy qualifying
FHA Plus	FHA Fixed loan with a second loan to assist with down payment and closing costs. Low, fixed payments with liberal FHA qualifying.	Low, stable, fixed monthly payment $0 down payments Financed closing costs Easy qualifying
Homebuyer Tax Credit Plus	Use the federal First-time Homebuyer Tax Credit for a down payment on a VHDA mortgage. The loan has a built-in second mortgage to help cover the down payment and closing costs, with zero interest and no payments for the first 12 months.	Affordable fixed rate on both mortgages Second mortgage has zero interest and no payments for the first 12 months Choose the preferred payment plan for the second mortgage