Virginia FHA Loan Rates, Closing Costs & Stats

Virginia

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    • FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.

    FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.

    While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.

    For additional requirements as defined by the FHA, click here.

    Virginia FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Virginia averaged 6.17% for the week of 2023-05-26, compared to the national average (all FHA variants) of 6.612% for the same period.

    Virginia's average FHA mortgage closing costs are $8,460.

    The average rate for the prior week (2023-05-19) was 6.15% and one month ago for the week of 2023-04-21, the average rate was 5.79%.

    The average rate one year ago was 4.91%.

    For refis of the same type during the week of 2023-05-26, the average rate was 5.03%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Virginia FHA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Virginia level.

    Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    QUICKEN LOANS, LLC 1,935 4.50% $10,615
    MOVEMENT MORTGAGE, LLC 1,209 4.97% $10,183
    ATLANTIC BAY MORTGAGE GROUP, L.L.C. 977 5.07% $9,816
    UNITED WHOLESALE MORTGAGE, LLC 960 4.83% $11,679
    OVM FINANCIAL, INC. 617 4.64% $9,495
    Alcova Mortgage LLC 608 5.21% $6,490
    CALIBER HOME LOANS, INC. 562 4.77% $10,698
    LOANDEPOT.COM, LLC 531 4.66% $11,400
    NVR Mortgage Finance, Inc. 447 4.32% $15,428
    PENNYMAC LOAN SERVICES, LLC 395 4.15% $11,347
    FREEDOM MORTGAGE CORPORATION 393 4.66% $10,596
    C & F Mortgage Corporation 379 5.07% $9,778
    TIDEWATER MORTGAGE SERVICES, INC. 377 5.05% $10,524
    NFM, INC. 347 5.32% $12,133
    SOUTHERN TRUST MORTGAGE, LLC 345 4.87% $10,769
    EMBRACE HOME LOANS, INC. 331 4.97% $9,872
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 327 5.89% $11,059
    Mr. Cooper ( Nationstar Mortgage ) 316 4.42% $12,519
    CARDINAL FINANCIAL 315 4.90% $11,690
    George Mason Mortgage, LLC 270 4.63% $11,373
    CBM Mortgage, Inc. 247 5.18% $9,416
    MCLEAN MORTGAGE CORPORATION 234 4.85% $11,983
    Atlantic Coast Mortgage, LLC 226 5.21% $12,752
    BROKER SOLUTIONS, INC. 222 5.08% $10,829
    Prosperity Home Mortgage, LLC 222 4.93% $10,000
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 217 5.23% $11,154
    AMERISAVE MORTGAGE CORPORATION 217 4.48% $12,597
    Carrington Mortgage Services, LLC 213 4.98% $11,397
    Virginia Credit Union, Inc. 208 4.72% $7,686
    Integrity Home Mortgage Corp 201 5.00% $11,793
    HOMESIDE FINANCIAL, LLC 197 5.01% $12,327
    LAKEVIEW LOAN SERVICING, LLC 188 3.89% $7,140
    CAPITAL CENTER, L.L.C. 172 4.43% $6,376
    HOMESPIRE MORTGAGE CORPORATION 170 5.31% $13,083
    CROSSCOUNTRY MORTGAGE, LLC 160 5.09% $13,409
    HOME POINT FINANCIAL CORPORATION 156 4.33% $12,740
    First Heritage Mortgage, LLC 147 5.07% $15,199
    Paramount Residential Mortgage Group, Inc. 140 5.10% $12,513
    NEWREZ LLC 134 4.69% $9,493
    INTERCOASTAL MORTGAGE COMPANY 126 4.61% $14,316
    Atlantic Union Bank 125 5.06% $8,633
    PRIMELENDING, A PLAINSCAPITAL COMPANY 120 4.99% $10,849
    Nations Lending Corporation 118 5.03% $11,227
    VILLAGE BANK MORTGAGE CORPORATION 117 4.92% $7,865
    CMG MORTGAGE, INC. 111 5.31% $11,793
    Presidential Bank, FSB 110 4.98% $10,580
    FINANCE OF AMERICA MORTGAGE LLC 109 4.80% $12,763
    Towne Bank 102 4.62% $10,518
    Blue Ridge Bank 99 4.89% $8,492
    Flagstar Bank, FSB 95 4.64% $11,065
    Truist 94 4.74% $9,133
    The Federal Savings Bank 91 4.75% $11,744
    VANDERBILT MORTGAGE AND FINANCE, INC. 91 4.92% $12,360
    SWBC MORTGAGE CORPORATION 90 4.90% $9,042
    Plains Commerce Bank 90 4.94% $13,372
    UNION HOME MORTGAGE CORP. 87 5.40% $10,046
    Tidewater Home Funding, LLC 86 4.86% $8,346
    PLANET HOME LENDING, LLC 85 4.76% $11,223
    GUARANTEED RATE, INC. 84 4.85% $13,007
    Lakeview Community Capital, LLC 83 4.09% $7,604
    Ameris Bank 81 4.79% $10,817
    DHI MORTGAGE COMPANY, LTD. 79 3.83% $13,993
    AMERICAN FINANCIAL RESOURCES, INC. 79 4.41% $9,845
    RELIANCE FIRST CAPITAL, LLC 76 4.87% $10,918
    Citizens Bank 75 4.69% $9,539
    MUTUAL OF OMAHA MORTGAGE, INC. 74 4.87% $12,411
    Mortgage Research Center, LLC 74 5.09% $7,102
    EMM LOANS LLC 66 5.17% $11,739
    Waterstone Mortgage Corporation 65 5.07% $9,631
    NATION ONE MORTGAGE CORPORATION 63 5.22% $10,333
    Towne Mortgage, LLC 62 4.85% $9,767
    MILEND, INC. 61 4.79% $15,151
    HOMEBRIDGE FINANCIAL SERVICES, INC. 60 5.00% $11,887
    Vellum Mortgage, Inc. 58 5.09% $14,295
    Equity Prime Mortgage LLC 56 5.27% $12,816
    AMERICAN PACIFIC MORTGAGE CORPORATION 55 5.54% $10,336
    TOWNE MORTGAGE COMPANY 51 4.94% $9,009
    GUILD MORTGAGE COMPANY 51 5.17% $11,228
    DRAPER AND KRAMER MORTGAGE CORP. 51 4.91% $12,655
    Towne First Mortgage, LLC 50 5.01% $10,551
    FIRST SAVINGS MORTGAGE CORPORATION 48 4.85% $14,239
    Sierra Pacific Mortgage Company, Inc. 47 4.77% $11,894
    FREEDOM FIRST 45 4.58% $6,395
    M&T Bank 45 4.22% $9,397
    Advance Financial Group, LLC 45 4.79% $10,163
    FIDELITY DIRECT MORTGAGE, LLC 44 5.01% $13,185
    PLAZA HOME MORTGAGE, INC. 44 4.93% $16,277
    SUN WEST MORTGAGE COMPANY, INC. 41 4.82% $12,615
    F & M BANK CORP. 41 4.87% $8,775
    LOANPAL, LLC 40 4.15% $12,076
    Wells Fargo Bank 39 4.93% $7,816
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 38 5.22% $9,541
    NewTowne Mortgage, LLC 38 5.09% $9,836
    EagleBank 37 4.89% $10,965
    AMERICAN FINANCING CORPORATION 36 4.51% $9,387
    MYCUMORTGAGE, LLC 36 5.00% $6,947
    THRIVE MORTGAGE, LLC 36 5.67% $9,198
    Christensen Financial, Inc. 35 4.65% $11,123
    Hometown Lenders, Inc. 35 4.70% $13,961
    EVERETT FINANCIAL, INC. 35 5.23% $7,086
    First Federal Bank 34 4.65% $11,163
    NATIONS DIRECT MORTGAGE, LLC 34 4.40% $11,314
    Renasant Bank 33 4.53% $8,622
    The Freedom Bank of Virginia 32 4.77% $10,794
    Fulton Bank 31 4.71% $9,467
    NETWORK CAPITAL FUNDING CORPORATION 29 4.94% $12,271
    EAGLE HOME MORTGAGE, LLC 29 4.97% $16,832
    GENEVA FINANCIAL, LLC 28 5.39% $13,239
    VILLAGE CAPITAL MORTGAGE 27 4.04% $7,860
    GSF Mortgage Corporation 27 5.44% $14,411
    FIRST HOME MORTGAGE CORPORATION 27 4.95% $11,863
    C&F Select LLC 27 5.17% $9,250
    Loan Simple, Inc. 26 5.12% $11,798
    Ixonia Bank 26 5.20% $12,866
    ZILLOW HOME LOANS, LLC 26 5.16% $9,469
    Century Mortgage Company DBA Century Lending Company 26 4.26% $12,483
    JOHNSON MORTGAGE COMPANY, L.L.C. 25 4.21% $10,418
    JAMS-01, INC. 25 4.60% $14,112
    SECURITYNATIONAL MORTGAGE COMPANY 25 4.55% $12,400
    ALLIED MORTGAGE GROUP, INC. 24 4.45% $11,563
    Member Options, LLC 24 5.07% $8,741
    First Guaranty Mortgage Corporation 23 3.79% $11,386
    CityWorth Mortgage LLC 22 4.81% $13,623
    PRIMARY RESIDENTIAL MORTGAGE, INC. 22 4.77% $10,719
    Bank of America 20 4.13% $6,988
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 20 5.54% $21,132
    JPMorgan Chase Bank 20 4.52% $7,384
    MID AMERICA MORTGAGE, INC. 19 5.18% $9,464
    Wyndham Capital Mortgage, Inc. 19 4.93% $10,218
    MLD MORTGAGE INC. 18 4.93% $12,176
    PNC Bank 18 4.47% $11,411
    GEO-CORP, INC. 17 5.48% $14,728
    APEX HOME LOANS, INC. 17 4.34% $7,760
    Assurance Financial Group, L.L.C. 17 4.80% $10,623
    Bank of England 17 5.28% $8,275
    MEMBER ADVANTAGE MORTGAGE, LLC 17 5.13% $7,272
    MID-ISLAND MORTGAGE CORP. 17 4.93% $13,250
    ROUNDPOINT MORTGAGE SERVICING CORPORATION 17 4.34% $6,605
    BAY EQUITY LLC 16 5.46% $14,894
    BAYSHORE MORTGAGE FUNDING, LLC 16 5.21% $12,866
    HOMEAMERICAN MORTGAGE CORPORATION 16 4.16% $12,395
    SUCCESS MORTGAGE PARTNERS, INC. 16 4.53% $10,540
    Summit Mortgage Corporation 15 5.12% $11,467
    CHURCHILL MORTGAGE CORPORATION 15 5.03% $12,504
    PENTAGON FEDERAL CREDIT UNION 15 5.48% $9,941
    Strong Home Mortgage, LLC 14 4.73% $10,725
    HAMILTON HOME LOANS, INC. 14 4.75% $9,688
    INTERLINC MORTGAGE SERVICES, LLC 14 4.88% $9,487
    AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. 14 5.20% $11,823
    U.S. Bank 14 4.72% $12,209
    Barrington Bank & Trust Company, N.A. 14 4.52% $8,589
    MORIA DEVELOPMENT, INC. 13 5.30% $12,068
    Magnolia Bank 13 4.79% $11,690
    UNITED MORTGAGE CORP. 13 4.66% $10,577
    ROSS MORTGAGE CORPORATION 13 5.41% $17,582
    RANLIFE, INC. 13 4.62% $9,673
    OCMBC, INC. 13 5.04% $14,645
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 12 5.10% $10,434
    Hometown Equity Mortgage, LLC 12 4.84% $12,465
    NATIONS RELIABLE LENDING, LLC 12 4.19% $10,240
    GoPrime Mortgage, Inc. 12 5.11% $9,693
    Evolve Bank & Trust 12 4.92% $12,454
    NATIONWIDE MORTGAGE BANKERS, INC. 12 4.89% $13,478
    ISERVE RESIDENTIAL LENDING, LLC 12 5.46% $10,028
    SOVEREIGN LENDING GROUP INCORPORATED 12 4.24% $10,217
    MASON MCDUFFIE MORTGAGE CORPORATION 12 4.44% $8,981
    GUARANTEED RATE AFFINITY, LLC 11 4.94% $14,201
    AmeriHome Mortgage Company, LLC 11 5.18% $10,742
    ACADEMY MORTGAGE CORPORATION 11 5.00% $14,381
    RESIDENTIAL BANCORP. 10 3.87% $9,016
    First Option Mortgage, LLC 10 5.19% $15,846
    LIBERTY HOME MORTGAGE CORPORATION 10 5.54% $13,903
    LOANLEADERS OF AMERICA, INC. 10 5.25% $16,350
    MORTGAGE ACCESS CORP. 10 4.79% $12,326
    MY MORTGAGE, INC. 10 4.69% $11,600
    DRAGAS MORTGAGE COMPANY 10 5.36% $10,360
    Peoples Bank 10 4.89% $12,769
    Sandy Spring Bank 10 4.85% $13,125
    Shamrock Home Loans, Inc. 10 5.25% $10,440
    STOCKTON MORTGAGE CORPORATION 10 4.89% $10,950
    HANCOCK MORTGAGE PARTNERS, LLC 9 4.89% $8,244
    RUOFF MORTGAGE COMPANY, INC. 9 4.47% $6,248
    AMERIFIRST FINANCIAL CORPORATION 9 5.43% $9,137
    US MORTGAGE CORPORATION 9 5.17% $15,179
    DAS Acquisition Company, LLC 9 5.54% $20,638
    North American Savings Bank, F.S.B. 9 4.51% $9,531
    Victorian Finance, LLC 8 5.41% $8,044
    Princeton Mortgage Corporation 8 4.73% $10,899
    ABSOLUTE HOME MORTGAGE CORPORATION 8 4.75% $11,580
    FIRST EQUITY MORTGAGE INCORPORATED 8 3.98% $13,800
    SOUTHPOINT FINANCIAL SERVICES, INC. 8 4.59% $14,974
    ARC HOME LLC 8 4.59% $10,568
    CREDIT UNION MORTGAGE ASSOCIATION, INC. 8 4.34% $8,016
    CONTOUR MORTGAGE CORPORATION 7 4.95% $11,416
    JET HOMELOANS, LLC 7 5.25% $13,738
    Gateway First Bank 7 4.91% $10,449
    Dollar Bank, Federal Savings Bank 7 4.88% $8,011
    THE MORTGAGE LINK, INC. 7 4.73% $10,538
    Encompass Lending Group, LP 7 4.68% $11,271
    MANN FINANCIAL INC. 7 5.68% $14,323
    OCEANSIDE MORTGAGE COMPANY 7 4.05% $3,835
    MIDLAND MORTGAGE CORPORATION 7 4.52% $9,178
    BETTER MORTGAGE CORPORATION 7 4.16% $8,640
    PANORAMA MORTGAGE GROUP, LLC 7 5.75% $15,569
    Commerce Home Mortgage, Inc. 6 4.10% $11,327
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 6 4.50% $10,852
    GUARANTY HOME MORTGAGE CORPORATION 6 5.96% $9,065
    DATA MORTGAGE, INC. 6 5.58% $11,587
    PHH Mortgage Corporation 6 4.79% $16,511
    FIRST COMMUNITY MORTGAGE, INC. 6 4.58% $7,687
    The Fidelity Bank 6 4.98% $7,185
    CERTAINTY HOME LOANS, LLC 6 5.27% $13,530
    Residential Mortgage Solutions, Inc. 6 5.48% $14,321
    Acre Mortgage and Financial Inc 5 5.68% $15,928
    PULTE MORTGAGE LLC 5 5.53% $11,864
    Northpointe Bank 5 5.00% $12,232
    Mortgage Network, Inc. 5 5.03% $7,112
    PREMIA MORTGAGE, LLC 5 4.70% $7,676
    SOUTHWEST STAGE FUNDING, LLC 5 4.70% $5,786
    Congressional Bank 5 4.05% $13,814
    GMFS LLC 5 4.85% $13,859
    MICHIGAN MUTUAL, INC. 5 4.37% $14,726
    Texana Bank 5 4.75% $8,975
    INTELLILOAN, INC. 4 4.62% $10,452
    T2 FINANCIAL LLC 4 5.81% $16,062
    NP, Inc. 4 5.31% $8,361
    CORNERSTONE HOME LENDING, INC. 4 5.00% $8,560
    Pinnacle Bank 4 5.22% $6,611
    LEADERONE FINANCIAL CORPORATION 4 4.22% $11,663
    ENVOY MORTGAGE, LTD 4 5.66% $13,398
    Willamette Valley Bank 4 5.28% $12,612
    NBKC BANK 4 4.84% $9,510
    1ST PREFERENCE MORTGAGE CORP. 4 4.22% $22,256
    ROYAL UNITED MORTGAGE LLC 4 5.78% $9,609
    NORTHERN MORTGAGE SERVICES, LLC 3 5.54% $9,209
    The Central Trust Bank 3 3.79% $10,970
    STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED 3 6.21% $5,344
    FAY SERVICING, LLC 3 4.75% $6,562
    Capital Bank 3 4.87% $10,331
    Meridian Bank Corporation 3 5.33% $10,960
    FIRST ALLIANCE HOME MORTGAGE, LLC 3 6.46% $14,333
    NEW DAY FINANCIAL, LLC 3 4.33% $13,909
    CRESCENT MORTGAGE COMPANY 3 3.79% $7,348
    DIRECT MORTGAGE LOANS, LLC 3 4.21% $8,550
    THE MORTGAGE FIRM, INC. 3 4.83% $8,599
    American National Bank and Trust Company 3 4.17% $5,826
    Chickasaw Community Bank 3 5.13% $10,242
    The Huntington National Bank 3 4.38% $7,552
    TJC Mortgage, Inc. 3 5.25% $13,610
    WesBanco Bank, Inc. 3 3.96% $11,452
    Paramount Bank 3 5.58% $7,377
    MORTGAGE SOLUTIONS OF COLORADO, LLC 3 5.92% $23,158
    AMERICAN BANCSHARES MORTGAGE, LLC 2 5.75% $19,756
    First Home Bank 2 5.88% $16,290
    First Horizon Bank 2 4.75% $10,223
    ANGEL OAK HOME LOANS LLC 2 5.19% $6,981
    BNC National Bank 2 4.56% $9,099
    Colonial Savings, F.A. 2 4.44% $15,804
    POLARIS HOME FUNDING CORP. 2 4.88% $9,729
    Armed Forces Bank 2 4.63% $9,859
    FIRST STATE MORTGAGE SERVICES, LLC 2 4.56% $16,281
    Kwik Mortgage Corporation 2 3.81% $15,607
    Shore United Bank 2 4.56% $13,223
    LANGLEY 2 5.38% $10,525
    TBI MORTGAGE COMPANY 2 5.00% $15,976
    BECKAM FUNDING CORP. 2 6.00% $26,027
    RESIDENTIAL HOME FUNDING CORP. 2 5.44% $17,625
    NMSI, INC. 2 5.50% $21,140
    1ST SIGNATURE LENDING, LLC 2 4.94% $17,583
    HOMESTAR FINANCIAL CORPORATION 2 5.19% $9,745
    UNITED NORTHERN MORTGAGE BANKERS LIMITED 2 6.69% $12,931
    MDE Home Loans, LLC 1 4.50% $29,317
    MEMBERS 1ST FEDERAL CREDIT UNION 1 5.63% $12,805
    First-Citizens Bank & Trust Company 1 5.00% $6,431
    MISSION MORTGAGE LLC 1 4.25% $15,688
    MK LENDING CORP. 1 3.75% $15,339
    FirstBank 1 3.88% $6,238
    LEGEND LENDING CORPORATION 1 6.75% $22,343
    Watermark Capital, Inc. 1 5.50% $12,333
    Fifth Third Bank 1 5.50% $6,320
    FBC MORTGAGE, LLC 1 3.63% $6,382
    Homesale Mortgage, LLC 1 6.25% $12,794
    NASA Federal Credit Union 1 5.25% $7,983
    LAND HOME FINANCIAL SERVICES, INC. 1 5.50% $29,897
    NBH Bank 1 3.13% $9,859
    NexBank 1 2.63% $12,368
    NJ LENDERS CORP. 1 5.25% $12,799
    NORWICH COMMERCIAL GROUP, INC. 1 5.25% $9,358
    First Mortgage Solutions, LLC 1 3.00% $12,752
    ONY GLO, INC. 1 5.25% $11,894
    First National Bank of Omaha 1 4.88% $6,745
    PIKE CREEK MORTGAGE SERVICES, INC. 1 4.13% $14,517
    Colten Mortgage, LLC 1 3.75% $8,924
    CLEARPATH LENDING 1 3.75% $15,064
    PREMIER LENDING, INC. 1 3.75% $9,881
    CITY FIRST MORTGAGE SERVICES, L.L.C. 1 5.25% $12,707
    Citibank 1 4.75% $9,933
    First National Bank of Pennsylvania 1 6.50% $16,429
    RAPID MORTGAGE COMPANY 1 3.25% $10,536
    Regions Bank 1 5.13% $8,529
    Capital City Home Loans, LLC 1 5.25% $10,244
    KeyBank 1 5.88% $9,541
    RESOURCE FINANCIAL SERVICES, INC. 1 4.25% $11,155
    KELLER MORTGAGE, LLC 1 6.13% $3,651
    S1L, Inc. 1 3.88% $8,950
    SeaTrust Mortgage Company 1 7.25% $8,481
    CANOPY MORTGAGE, LLC 1 5.75% $15,318
    SIWELL, INC. 1 3.63% $8,321
    South State Bank 1 4.75% $7,137
    JET DIRECT FUNDING CORP 1 3.75% $22,464
    SUMMIT FUNDING, INC. 1 3.75% $7,444
    Florida Capital Bank 1 5.63% $17,465
    1ST FINANCIAL, INC. 1 5.25% $13,685
    The Union Bank Company 1 4.63% $12,685
    Austin Capital Bank SSB 1 5.25% $9,291
    Arvest Bank 1 6.50% $6,480
    TOTAL MORTGAGE SERVICES, LLC 1 3.88% $19,466
    Amerifirst Financial, Inc. 1 3.75% $9,288
    Truliant Federal Credit Union 1 4.38% $5,152
    American Security Mortgage Corp. 1 4.13% $10,196
    United Bank 1 5.75% $9,855
    United Fidelity Funding Corp. 1 5.75% $11,411
    INLAND BANK & TRUST 1 4.88% $17,389
    HOMEXPRESS MORTGAGE CORP. 1 5.63% $10,942
    UNIVERSAL MORTGAGE & FINANCE, INC. 1 5.63% $13,766
    American Mortgage & Equity Consultants, Inc. 1 5.75% $15,391
    AMERICAN ADVISORS GROUP 1 2.88% $7,826
    Low VA Rates, LLC 1 3.75% $6,215
    First Internet Bank of Indiana 1 6.00% $11,237
    FIRST HERITAGE FINANCIAL, LLC 1 4.75% $5,856
    MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 1 6.25% $12,189

    The top Virginia FHA lender as defined by loan originations is QUICKEN LOANS, LLC, with 1,935 FHA loans originated. Their average total fees are $10,615, which is $432 higher than the next largest lender, MOVEMENT MORTGAGE, LLC.

    The lowest fee Virginia FHA lenders (with over 10 loans originated) are CAPITAL CENTER, L.L.C. ($6,376), FREEDOM FIRST ($6,395), Alcova Mortgage LLC ($6,490), ROUNDPOINT MORTGAGE SERVICING CORPORATION ($6,605) and MYCUMORTGAGE, LLC ($6,947).

    The lowest rate Virginia FHA lenders (with over 10 loans originated) are First Guaranty Mortgage Corporation (3.79%), DHI MORTGAGE COMPANY, LTD. (3.83%), RESIDENTIAL BANCORP. (3.87%), LAKEVIEW LOAN SERVICING, LLC (3.89%) and VILLAGE CAPITAL MORTGAGE (4.04%).

    Virginia FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    NON-METRO ACCOMACK 2022 $420,680 $538,650 $651,050 $809,150
    CHARLOTTESVILLE, VA ALBEMARLE 2022 $460,000 $588,850 $711,800 $884,600
    NON-METRO ALLEGHANY 2022 $420,680 $538,650 $651,050 $809,150
    RICHMOND, VA AMELIA 2009 $535,900 $686,050 $829,250 $1,030,600
    LYNCHBURG, VA AMHERST 2022 $420,680 $538,650 $651,050 $809,150
    LYNCHBURG, VA APPOMATTOX 2022 $420,680 $538,650 $651,050 $809,150
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV ARLINGTON 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
    STAUNTON, VA AUGUSTA 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO BATH 2022 $420,680 $538,650 $651,050 $809,150
    LYNCHBURG, VA BEDFORD 2022 $420,680 $538,650 $651,050 $809,150
    BLUEFIELD, WV-VA BLAND 2022 $420,680 $538,650 $651,050 $809,150
    ROANOKE, VA BOTETOURT 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO BRUNSWICK 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO BUCHANAN 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO BUCKINGHAM 2022 $420,680 $538,650 $651,050 $809,150
    LYNCHBURG, VA CAMPBELL 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO CAROLINE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO CARROLL 2022 $420,680 $538,650 $651,050 $809,150
    RICHMOND, VA CHARLES CITY 2009 $535,900 $686,050 $829,250 $1,030,600
    NON-METRO CHARLOTTE 2022 $420,680 $538,650 $651,050 $809,150
    RICHMOND, VA CHESTERFIELD 2009 $535,900 $686,050 $829,250 $1,030,600
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV CLARKE 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
    ROANOKE, VA CRAIG 2022 $420,680 $538,650 $651,050 $809,150
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV CULPEPER 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
    NON-METRO CUMBERLAND 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO DICKENSON 2022 $420,680 $538,650 $651,050 $809,150
    RICHMOND, VA DINWIDDIE 2009 $535,900 $686,050 $829,250 $1,030,600
    NON-METRO ESSEX 2022 $420,680 $538,650 $651,050 $809,150
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV FAIRFAX 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV FAUQUIER 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
    NON-METRO FLOYD 2022 $420,680 $538,650 $651,050 $809,150
    CHARLOTTESVILLE, VA FLUVANNA 2022 $460,000 $588,850 $711,800 $884,600
    ROANOKE, VA FRANKLIN 2022 $420,680 $538,650 $651,050 $809,150
    WINCHESTER, VA-WV FREDERICK 2022 $420,680 $538,650 $651,050 $809,150
    BLACKSBURG-CHRISTIANSBURG, VA GILES 2022 $420,680 $538,650 $651,050 $809,150
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC GLOUCESTER 2022 $488,750 $625,700 $756,300 $939,900
    RICHMOND, VA GOOCHLAND 2009 $535,900 $686,050 $829,250 $1,030,600
    NON-METRO GRAYSON 2022 $420,680 $538,650 $651,050 $809,150
    CHARLOTTESVILLE, VA GREENE 2022 $460,000 $588,850 $711,800 $884,600
    NON-METRO GREENSVILLE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO HALIFAX 2022 $420,680 $538,650 $651,050 $809,150
    RICHMOND, VA HANOVER 2009 $535,900 $686,050 $829,250 $1,030,600
    RICHMOND, VA HENRICO 2009 $535,900 $686,050 $829,250 $1,030,600
    MARTINSVILLE, VA HENRY 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO HIGHLAND 2022 $420,680 $538,650 $651,050 $809,150
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC ISLE OF WIGHT 2022 $488,750 $625,700 $756,300 $939,900
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC JAMES CITY 2022 $488,750 $625,700 $756,300 $939,900
    RICHMOND, VA KING AND QUEEN 2020 $535,900 $686,050 $829,250 $1,030,600
    NON-METRO KING GEORGE 2022 $420,680 $538,650 $651,050 $809,150
    RICHMOND, VA KING WILLIAM 2009 $535,900 $686,050 $829,250 $1,030,600
    NON-METRO LANCASTER 2014 $442,750 $566,800 $685,100 $851,450
    NON-METRO LEE 2022 $420,680 $538,650 $651,050 $809,150
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV LOUDOUN 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
    NON-METRO LOUISA 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO LUNENBURG 2022 $420,680 $538,650 $651,050 $809,150
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV MADISON 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC MATHEWS 2022 $488,750 $625,700 $756,300 $939,900
    NON-METRO MECKLENBURG 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO MIDDLESEX 2022 $420,680 $538,650 $651,050 $809,150
    BLACKSBURG-CHRISTIANSBURG, VA MONTGOMERY 2022 $420,680 $538,650 $651,050 $809,150
    CHARLOTTESVILLE, VA NELSON 2022 $460,000 $588,850 $711,800 $884,600
    RICHMOND, VA NEW KENT 2009 $535,900 $686,050 $829,250 $1,030,600
    NON-METRO NORTHAMPTON 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO NORTHUMBERLAND 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO NOTTOWAY 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO ORANGE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO PAGE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO PATRICK 2022 $420,680 $538,650 $651,050 $809,150
    DANVILLE, VA PITTSYLVANIA 2022 $420,680 $538,650 $651,050 $809,150
    RICHMOND, VA POWHATAN 2009 $535,900 $686,050 $829,250 $1,030,600
    NON-METRO PRINCE EDWARD 2022 $420,680 $538,650 $651,050 $809,150
    RICHMOND, VA PRINCE GEORGE 2009 $535,900 $686,050 $829,250 $1,030,600
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV PRINCE WILLIAM 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
    BLACKSBURG-CHRISTIANSBURG, VA PULASKI 2022 $420,680 $538,650 $651,050 $809,150
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV RAPPAHANNOCK 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
    NON-METRO RICHMOND 2022 $420,680 $538,650 $651,050 $809,150
    ROANOKE, VA ROANOKE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO ROCKBRIDGE 2022 $420,680 $538,650 $651,050 $809,150
    HARRISONBURG, VA ROCKINGHAM 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO RUSSELL 2022 $420,680 $538,650 $651,050 $809,150
    KINGSPORT-BRISTOL, TN-VA SCOTT 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO SHENANDOAH 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO SMYTH 2022 $420,680 $538,650 $651,050 $809,150
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC SOUTHAMPTON 2022 $488,750 $625,700 $756,300 $939,900
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV SPOTSYLVANIA 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV STAFFORD 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
    NON-METRO SURRY 2022 $420,680 $538,650 $651,050 $809,150
    RICHMOND, VA SUSSEX 2009 $535,900 $686,050 $829,250 $1,030,600
    BLUEFIELD, WV-VA TAZEWELL 2022 $420,680 $538,650 $651,050 $809,150
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV WARREN 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
    KINGSPORT-BRISTOL, TN-VA WASHINGTON 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO WESTMORELAND 2022 $420,680 $538,650 $651,050 $809,150
    BIG STONE GAP, VA WISE 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO WYTHE 2022 $420,680 $538,650 $651,050 $809,150
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC YORK 2022 $488,750 $625,700 $756,300 $939,900
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV ALEXANDRIA CITY 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
    KINGSPORT-BRISTOL, TN-VA BRISTOL CITY 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO BUENA VISTA CIT 2022 $420,680 $538,650 $651,050 $809,150
    CHARLOTTESVILLE, VA CHARLOTTESVILLE 2022 $460,000 $588,850 $711,800 $884,600
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC CHESAPEAKE CITY 2022 $488,750 $625,700 $756,300 $939,900
    RICHMOND, VA COLONIAL HEIGHT 2009 $535,900 $686,050 $829,250 $1,030,600
    NON-METRO COVINGTON CITY 2022 $420,680 $538,650 $651,050 $809,150
    DANVILLE, VA DANVILLE CITY 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO EMPORIA CITY 2022 $420,680 $538,650 $651,050 $809,150
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV FAIRFAX CITY 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV FALLS CHURCH CI 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC FRANKLIN CITY 2022 $488,750 $625,700 $756,300 $939,900
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV FREDERICKSBURG 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
    NON-METRO GALAX CITY 2022 $420,680 $538,650 $651,050 $809,150
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC HAMPTON CITY 2022 $488,750 $625,700 $756,300 $939,900
    HARRISONBURG, VA HARRISONBURG CI 2022 $420,680 $538,650 $651,050 $809,150
    RICHMOND, VA HOPEWELL CITY 2009 $535,900 $686,050 $829,250 $1,030,600
    NON-METRO LEXINGTON CITY 2022 $420,680 $538,650 $651,050 $809,150
    LYNCHBURG, VA LYNCHBURG CITY 2022 $420,680 $538,650 $651,050 $809,150
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV MANASSAS CITY 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV MANASSAS PARK C 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
    MARTINSVILLE, VA MARTINSVILLE CI 2022 $420,680 $538,650 $651,050 $809,150
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC NEWPORT NEWS CI 2022 $488,750 $625,700 $756,300 $939,900
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC NORFOLK CITY 2022 $488,750 $625,700 $756,300 $939,900
    BIG STONE GAP, VA NORTON CITY 2022 $420,680 $538,650 $651,050 $809,150
    RICHMOND, VA PETERSBURG CITY 2009 $535,900 $686,050 $829,250 $1,030,600
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC POQUOSON CITY 2022 $488,750 $625,700 $756,300 $939,900
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC PORTSMOUTH CITY 2022 $488,750 $625,700 $756,300 $939,900
    BLACKSBURG-CHRISTIANSBURG, VA RADFORD CITY 2022 $420,680 $538,650 $651,050 $809,150
    RICHMOND, VA RICHMOND CITY 2009 $535,900 $686,050 $829,250 $1,030,600
    ROANOKE, VA ROANOKE CITY 2022 $420,680 $538,650 $651,050 $809,150
    ROANOKE, VA SALEM CITY 2022 $420,680 $538,650 $651,050 $809,150
    STAUNTON, VA STAUNTON CITY 2022 $420,680 $538,650 $651,050 $809,150
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC SUFFOLK CITY 2022 $488,750 $625,700 $756,300 $939,900
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC VIRGINIA BEACH 2022 $488,750 $625,700 $756,300 $939,900
    STAUNTON, VA WAYNESBORO CITY 2022 $420,680 $538,650 $651,050 $809,150
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC WILLIAMSBURG CI 2022 $488,750 $625,700 $756,300 $939,900
    WINCHESTER, VA-WV WINCHESTER CITY 2022 $420,680 $538,650 $651,050 $809,150
    NON-METRO ACCOMACK 2023 $472,030 $604,400 $730,525 $907,900
    CHARLOTTESVILLE, VA ALBEMARLE 2023 $507,150 $649,250 $784,800 $975,300
    NON-METRO ALLEGHANY 2023 $472,030 $604,400 $730,525 $907,900
    RICHMOND, VA AMELIA 2023 $546,250 $699,300 $845,300 $1,050,500
    LYNCHBURG, VA AMHERST 2023 $472,030 $604,400 $730,525 $907,900
    LYNCHBURG, VA APPOMATTOX 2023 $472,030 $604,400 $730,525 $907,900
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV ARLINGTON 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
    STAUNTON, VA AUGUSTA 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO BATH 2023 $472,030 $604,400 $730,525 $907,900
    LYNCHBURG, VA BEDFORD 2023 $472,030 $604,400 $730,525 $907,900
    BLUEFIELD, WV-VA BLAND 2023 $472,030 $604,400 $730,525 $907,900
    ROANOKE, VA BOTETOURT 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO BRUNSWICK 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO BUCHANAN 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO BUCKINGHAM 2023 $472,030 $604,400 $730,525 $907,900
    LYNCHBURG, VA CAMPBELL 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO CAROLINE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO CARROLL 2023 $472,030 $604,400 $730,525 $907,900
    RICHMOND, VA CHARLES CITY 2023 $546,250 $699,300 $845,300 $1,050,500
    NON-METRO CHARLOTTE 2023 $472,030 $604,400 $730,525 $907,900
    RICHMOND, VA CHESTERFIELD 2023 $546,250 $699,300 $845,300 $1,050,500
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV CLARKE 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
    ROANOKE, VA CRAIG 2023 $472,030 $604,400 $730,525 $907,900
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV CULPEPER 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
    NON-METRO CUMBERLAND 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO DICKENSON 2023 $472,030 $604,400 $730,525 $907,900
    RICHMOND, VA DINWIDDIE 2023 $546,250 $699,300 $845,300 $1,050,500
    NON-METRO ESSEX 2023 $472,030 $604,400 $730,525 $907,900
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV FAIRFAX 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV FAUQUIER 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
    NON-METRO FLOYD 2023 $472,030 $604,400 $730,525 $907,900
    CHARLOTTESVILLE, VA FLUVANNA 2023 $507,150 $649,250 $784,800 $975,300
    ROANOKE, VA FRANKLIN 2023 $472,030 $604,400 $730,525 $907,900
    WINCHESTER, VA-WV FREDERICK 2023 $472,030 $604,400 $730,525 $907,900
    BLACKSBURG-CHRISTIANSBURG, VA GILES 2023 $472,030 $604,400 $730,525 $907,900
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC GLOUCESTER 2023 $507,150 $649,250 $784,800 $975,300
    RICHMOND, VA GOOCHLAND 2023 $546,250 $699,300 $845,300 $1,050,500
    NON-METRO GRAYSON 2023 $472,030 $604,400 $730,525 $907,900
    CHARLOTTESVILLE, VA GREENE 2023 $507,150 $649,250 $784,800 $975,300
    NON-METRO GREENSVILLE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO HALIFAX 2023 $472,030 $604,400 $730,525 $907,900
    RICHMOND, VA HANOVER 2023 $546,250 $699,300 $845,300 $1,050,500
    RICHMOND, VA HENRICO 2023 $546,250 $699,300 $845,300 $1,050,500
    MARTINSVILLE, VA HENRY 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO HIGHLAND 2023 $472,030 $604,400 $730,525 $907,900
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC ISLE OF WIGHT 2023 $507,150 $649,250 $784,800 $975,300
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC JAMES CITY 2023 $507,150 $649,250 $784,800 $975,300
    RICHMOND, VA KING AND QUEEN 2023 $546,250 $699,300 $845,300 $1,050,500
    NON-METRO KING GEORGE 2023 $472,030 $604,400 $730,525 $907,900
    RICHMOND, VA KING WILLIAM 2023 $546,250 $699,300 $845,300 $1,050,500
    NON-METRO LANCASTER 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO LEE 2023 $472,030 $604,400 $730,525 $907,900
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV LOUDOUN 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
    NON-METRO LOUISA 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO LUNENBURG 2023 $472,030 $604,400 $730,525 $907,900
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV MADISON 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC MATHEWS 2023 $507,150 $649,250 $784,800 $975,300
    NON-METRO MECKLENBURG 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO MIDDLESEX 2023 $472,030 $604,400 $730,525 $907,900
    BLACKSBURG-CHRISTIANSBURG, VA MONTGOMERY 2023 $472,030 $604,400 $730,525 $907,900
    CHARLOTTESVILLE, VA NELSON 2023 $507,150 $649,250 $784,800 $975,300
    RICHMOND, VA NEW KENT 2023 $546,250 $699,300 $845,300 $1,050,500
    NON-METRO NORTHAMPTON 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO NORTHUMBERLAND 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO NOTTOWAY 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO ORANGE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO PAGE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO PATRICK 2023 $472,030 $604,400 $730,525 $907,900
    DANVILLE, VA PITTSYLVANIA 2023 $472,030 $604,400 $730,525 $907,900
    RICHMOND, VA POWHATAN 2023 $546,250 $699,300 $845,300 $1,050,500
    NON-METRO PRINCE EDWARD 2023 $472,030 $604,400 $730,525 $907,900
    RICHMOND, VA PRINCE GEORGE 2023 $546,250 $699,300 $845,300 $1,050,500
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV PRINCE WILLIAM 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
    BLACKSBURG-CHRISTIANSBURG, VA PULASKI 2023 $472,030 $604,400 $730,525 $907,900
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV RAPPAHANNOCK 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
    NON-METRO RICHMOND 2023 $472,030 $604,400 $730,525 $907,900
    ROANOKE, VA ROANOKE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO ROCKBRIDGE 2023 $472,030 $604,400 $730,525 $907,900
    HARRISONBURG, VA ROCKINGHAM 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO RUSSELL 2023 $472,030 $604,400 $730,525 $907,900
    KINGSPORT-BRISTOL, TN-VA SCOTT 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO SHENANDOAH 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO SMYTH 2023 $472,030 $604,400 $730,525 $907,900
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC SOUTHAMPTON 2023 $507,150 $649,250 $784,800 $975,300
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV SPOTSYLVANIA 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV STAFFORD 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
    NON-METRO SURRY 2023 $472,030 $604,400 $730,525 $907,900
    RICHMOND, VA SUSSEX 2023 $546,250 $699,300 $845,300 $1,050,500
    BLUEFIELD, WV-VA TAZEWELL 2023 $472,030 $604,400 $730,525 $907,900
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV WARREN 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
    KINGSPORT-BRISTOL, TN-VA WASHINGTON 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO WESTMORELAND 2023 $472,030 $604,400 $730,525 $907,900
    BIG STONE GAP, VA WISE 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO WYTHE 2023 $472,030 $604,400 $730,525 $907,900
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC YORK 2023 $507,150 $649,250 $784,800 $975,300
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV ALEXANDRIA CITY 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
    KINGSPORT-BRISTOL, TN-VA BRISTOL CITY 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO BUENA VISTA CIT 2023 $472,030 $604,400 $730,525 $907,900
    CHARLOTTESVILLE, VA CHARLOTTESVILLE 2023 $507,150 $649,250 $784,800 $975,300
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC CHESAPEAKE CITY 2023 $507,150 $649,250 $784,800 $975,300
    RICHMOND, VA COLONIAL HEIGHT 2023 $546,250 $699,300 $845,300 $1,050,500
    NON-METRO COVINGTON CITY 2023 $472,030 $604,400 $730,525 $907,900
    DANVILLE, VA DANVILLE CITY 2023 $472,030 $604,400 $730,525 $907,900
    NON-METRO EMPORIA CITY 2023 $472,030 $604,400 $730,525 $907,900
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV FAIRFAX CITY 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV FALLS CHURCH CI 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC FRANKLIN CITY 2023 $507,150 $649,250 $784,800 $975,300
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV FREDERICKSBURG 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
    NON-METRO GALAX CITY 2023 $472,030 $604,400 $730,525 $907,900
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC HAMPTON CITY 2023 $507,150 $649,250 $784,800 $975,300
    HARRISONBURG, VA HARRISONBURG CI 2023 $472,030 $604,400 $730,525 $907,900
    RICHMOND, VA HOPEWELL CITY 2023 $546,250 $699,300 $845,300 $1,050,500
    NON-METRO LEXINGTON CITY 2023 $472,030 $604,400 $730,525 $907,900
    LYNCHBURG, VA LYNCHBURG CITY 2023 $472,030 $604,400 $730,525 $907,900
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV MANASSAS CITY 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
    WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV MANASSAS PARK C 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
    MARTINSVILLE, VA MARTINSVILLE CI 2023 $472,030 $604,400 $730,525 $907,900
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC NEWPORT NEWS CI 2023 $507,150 $649,250 $784,800 $975,300
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC NORFOLK CITY 2023 $507,150 $649,250 $784,800 $975,300
    BIG STONE GAP, VA NORTON CITY 2023 $472,030 $604,400 $730,525 $907,900
    RICHMOND, VA PETERSBURG CITY 2023 $546,250 $699,300 $845,300 $1,050,500
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC POQUOSON CITY 2023 $507,150 $649,250 $784,800 $975,300
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC PORTSMOUTH CITY 2023 $507,150 $649,250 $784,800 $975,300
    BLACKSBURG-CHRISTIANSBURG, VA RADFORD CITY 2023 $472,030 $604,400 $730,525 $907,900
    RICHMOND, VA RICHMOND CITY 2023 $546,250 $699,300 $845,300 $1,050,500
    ROANOKE, VA ROANOKE CITY 2023 $472,030 $604,400 $730,525 $907,900
    ROANOKE, VA SALEM CITY 2023 $472,030 $604,400 $730,525 $907,900
    STAUNTON, VA STAUNTON CITY 2023 $472,030 $604,400 $730,525 $907,900
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC SUFFOLK CITY 2023 $507,150 $649,250 $784,800 $975,300
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC VIRGINIA BEACH 2023 $507,150 $649,250 $784,800 $975,300
    STAUNTON, VA WAYNESBORO CITY 2023 $472,030 $604,400 $730,525 $907,900
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC WILLIAMSBURG CI 2023 $507,150 $649,250 $784,800 $975,300
    WINCHESTER, VA-WV WINCHESTER CITY 2023 $472,030 $604,400 $730,525 $907,900

    FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).