X

Learn more about Mortgage Relief Resources

Virginia Housing will be updating servers, software, and equipment on the weekend of October 19-20.
All systems may be unavailable from 2:00 PM on Saturday until 1:00 PM on Sunday.

Income and Sales Price / Loan Limits

 
Our first-time homebuyer loans have maximum income and sales price / loan limits based on the geographic area of the home.

Find exceptions to this guideline, as well as higher income and sales price / loan limits in Areas of Economic Opportunity.


The calculation of maximum household income varies depending on program type.

Available for First-time Homebuyers Only

Effective date: 8/1/2024

Area Grant Programs
Down Payment / Closing Cost Assistance
Standard / Bond Programs
with or without Plus Second Mortgage
Household Income Limit
All Household Member Income
Sales Price /
Loan Limit
Household Income Limit
All Household Member Income
Sales Price /
Loan Limit
2 or Fewer People 3 or More People All Household Sizes 2 or Fewer People 3 or More People All Household Sizes
Washington
Arlington
Alexandria
$141,000 $164,000 $750,000 $176,000 $205,000 $750,000
Richmond $86,000 $99,000 $500,000 $107,000 $123,000 $500,000
Charlottesville $84,000 $97,000 $475,000 $105,000 $121,000 $475,000
Norfolk
Virginia Beach
Newport News
$84,000 $97,000 $475,000 $105,000 $121,000 $475,000
Culpeper
Rappahannock
Warren
$88,000 $103,000 $650,000 $110,000 $129,000 $650,000
All Other Areas of Virginia $80,000 $92,000 $450,000 $100,000 $115,000 $450,000

Available for First-time and Repeat Homebuyers

Effective date: 8/1/2024

Area Expanded / Non-bond Programs
with or without Plus Second Mortgage
Household Income Limit
Qualifying Income
Sales Price /
Loan Limit
All Household Sizes
Washington
Arlington
Alexandria
$232,000 No sales price limit

Follow GSE / insurer / guarantor requirements for loan limit
Richmond $160,000
Charlottesville
Norfolk
Virginia Beach
Newport News
Culpeper
Rappahannock
Warren
All Other Areas of Virginia
Metropolitan Statistical Area (MSA) Details
Washington, Arlington, Alexandria Richmond Charlottesville Norfolk, Virginia Beach, Newport News
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 Amelia County, Charles City County, Chesterfield County, Colonial Heights, Dinwiddie County, Goochland County, Hanover County, Henrico County, Hopewell, King William County, New Kent County, Petersburg, Powhatan County, Prince George County, City of Richmond, Sussex Albemarle County, Charlottesville, Fluvanna County, Greene County, Nelson County Chesapeake, Gloucester County, Hampton, Isle of Wight County, James City County, Mathews County, Newport News, Norfolk, Poquoson, Portsmouth, Suffolk, Virginia Beach, Williamsburg, York County
  • These income limits apply to all Virginia Housing loans.
  • Loan amounts that include financed guaranty fees or mortgage insurance premiums plus a Virginia Housing second mortgage, if applicable, cannot exceed Virginia Housing’s sales price limits.
  • Conventional loans follow maximum conforming loan limits. High-cost loan limits do not apply.
  • If the jurisdiction is not listed in one of the applicable areas, follow the limits for All Other Areas of Virginia.
  • Please check with your Virginia Housing-approved lender to verify income, sales price and loan limits for your purchase.

 


For applications before 8/1/2024, review 2023 Income and Sales Price / Loan Limits.

 


Get in touch with Virginia Housing

Toll free: 877-843-2123
Local: 804-782-1986
Homeownership@VirginiaHousing.com