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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 or if combined with a grant.

Effective date: 8/19/2022

Area Maximum Gross Household Income Sales Price/Loan Limit
2 or Fewer People 3 or More People New & Existing Construction


With Virginia Housing
DPA or CCA Grant
Standard With Virginia Housing
DPA or CCA Gran
Washington-Arlington-Alexandria $162,000 $129,600 $189,000 $151,200 $665,000
Richmond $98,400 $78,700 $114,900 $91,900 $425,000
Charlottesville $98,000 $78,400 $113,000 $90,400 $375,000
Norfolk-VA Beach-Newport News $98,000 $78,400 $113,000 $90,400 $390,000
Culpeper-Rappahannock-Warren $106,000
All Other Areas of Virginia $95,000 $76,000 $110,000 $88,000 $330,000
Metropolitan Statistical Area (MSA details)
Washington-Arlington-Alexandria Charlottesville Richmond 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 Albemarle County, Charlottesville, Fluvanna County, Greene County, Nelson 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 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 limits apply to all Virginia Housing loans. Virginia Housing Plus combined first and second mortgage cannot exceed maximum sales price limit. Loan amounts that include finance guarantee fees or mortgage insurance premiums cannot exceed the sales price limits.

For applications before 8/19/2022, review 2021 Income and Sales Price / Loan Limits.

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