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Health & Fitness

Income and sales price/loan limits in VHDA Loans

All of our First-time Homebuyer Loans have maximum income and maximum sales price / loan limits based on the geographic area in which the home is located. Limits listed in the information below apply to the following loans: 30-year Fixed RateConventionalFHAVARural DevelopmentFHA Plus. VHDA's First-time Homebuyer Loans are limited to borrowers who have never owned a home or who have not owned a home in the past three years, with the exception of Federal Targeted Areas. Higher sales price/loan and income limits are available for properties located in these designated areas. Please review the Federal Targeted Area limits information for specific details.

Effective: 8/3/2011  
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AreaGross Household IncomeMaximum Sales Price/Loan Limits2 or Fewer People3 or More PeopleNew & Existing ConstructionWashington-Arlington-Alexandria MSA$120,900$140,000$450,000Charlottesville MSA
Richmond MSA
Norfolk-VA Beach-Newport News MSA
Winchester MSA$87,400$85,000$79,600$72,000$101,200$98,400$92,200$82,800$325,000King George
Culpeper
Rappahanock
Warren
Essex
Louisa$92,600$85,000$79,600$72,000$72,000$72,000$107,300$98,400$92,200$82,800$82,800$82,800$310,000Statewide (All areas not listed above)$72,000$82,800$231,700

 

Metropolitan Statistical Area (MSA) Details

Washington-Arlington-Alexandria MSACharlottesville MSARichmond MSANorfolk-Virginia Beach-Newport News MSAWinchester MSA

Alexandria, Arlington County,
Clarke County, Fairfax,
Fairfax County, Falls Church,
Fauquier County, Fredericksburg,
Loudoun County, Manassas,
Manassas Park, Prince William County, 
Spotsylvania County, Stafford County

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Albemarle County,
Charlottesville,
Fluvanna County,
Greene County,
Nelson CountyAmelia County, Caroline County, 
Charles City County, Chesterfield County, Colonial Heights, Cumberland County, Dinwiddie County, Goochland County, Hanover County, Henrico County, Hopewell, King and Queen County, King William County, New Kent County, Petersburg, Powhatan County, Prince George County, SussexChesapeake, Gloucester County, Hampton,
Isle of Wight County, 
James City County, Mathews County, Newport News, Norfolk, Poquoson, Portsmouth, Suffolk, Surry,
Virginia Beach, Williamsburg, 
York CountyWinchester,
Frederick County

*Please contact VHDA or an approved lender for the maximum allowable FHA, VA and RHS mortgage limits in a jurisdiction and the RHS gross income guidelines in your area. Loan amounts may include financed guaranty fees or mortgage insurance premiums, but cannot exceed VHDA's sales price limits.

 

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More InformationVHDA Home Loan ProgramsHomebuyer Loan RatesAreas of Economic OpportunityTop

Contact me to get the best deals
Asifa Zia
Keller Williams Realty
Manassas VA
540-729-3470
aszia09@gmail.com

http://www.buyandsellnorthvirginia.com/
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