- Lowest conventional mortgage insurance payments.
- Eligible for VHDA Down Payment Assistance grant (DPA) and Mortgage Credit Certificate (Homebuyer Tax Credit).
- Flexible down payment sources – gifts, FNMA Community Seconds, and VHDA DPA grant funds.
- No mortgage insurance required with down payments of 20% or more.
There is a 3% minimum down payment amount, so homebuyers will want to find out if they qualify for our Down Payment Assistance grant. There is also a minimum credit score of 660. Find out more about this loan. To talk to a VHDA-approved lender who can provide more information about this new loan option go to vhda.com/FindALender.