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VHDA Home Loan Program

What is a VHDA Home Loan?

A VHDA Loan or Program stands for Virginia Housing Development Authority. This organization was created in 1972 to help Virginians find affordable housing. The VHDA does this this by working in partnership with First Savings Mortgage to provide programs for first time home buyers and create work opportunities to revitalize neighborhoods in Virginia. The VHDA also provides free homebuyer classes, support counseling related to housing, and help those living with disabilities.

A VHDA loan is tailored to make purchasing a home more affordable. All VHDA loans are 30-year fixed rate programs and most can help you purchase a home with a low credit score. First Savings has worked with the Virginia Housing Development Authority for many years now and can easily aid in determining if a VHDA loan program is the right loan for you based on your unique situation.

How do you become eligible for a VHDA Loans?

  • This must be a home you plan on living in yourself (not for business purposes)
  • You don't mind taking a VHDA's Homeownership Education to take advantage of all the loan benefits available

There are other factors that can determine if you are eligible for a VHDA loan, but the best thing you can do is to reach out to one of our expert loan officers to discuss if a VHDA loan program is the right fit for you and your needs.


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