Great news for your first-time homebuyers-and for you!
It’s now possible for more of your first-time homebuyers to qualify for a VHDA loan, thanks to maximum income limits that have increased in all areas of Virginia-with the most significant occurring in the larger Metropolitan Statistical Areas (MSAs).
In addition to an affordable fixed rate, Virginia Housing Development Authority (VHDA) mortgages can also provide help with the down payment.
The new limits are effective with new loan reservations beginning August 3, 2011.
You can take a look at VHDA’s new income limits for each of Virginia’s geographic areas at vhda.com/LoanLimits.