Main Content

Home » Buyers » Loan Programs » VHDA


100% Financed Loan and the possibility to enter into a home with ZERO money

VHDA offers a variety of affordable home mortgages. Some don’t require any down payment, some allow for lower credit scores, and all are 30-year, fixed rate loans, serviced right here in Virginia by VHDA. Your lender can help you determine which loan combo is right for your circumstances.

  • First-time & Repeat Homebuyers with a 660 credit score: A loan with lower (or no) mortgage insurance may lower your payments. Ask your lender about VHDA’s Fannie Mae HFA Loans. A 3% down payment is required, but funds may come from various sources including gifts – and you may qualify for VHDA’s Down Payment Assistance grant. These loans may also qualify for a Mortgage Credit Certificate (MCC) to save money at tax time.
  • First-time Homebuyers with Lower Credit Scores: If you have at least a 620 credit score and need to finance your down payment, ask about VHDA’s FHA-Plus loan, which provides for 100% financing, and may be eligible for an MCC. You may also qualify for one of VHDA’s FHA, VA or USDA loans, which may be eligible for an MCC, a Down Payment Assistance grant, or both.