Income and Sales Price / Loan Limits
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 | |||
|
Standard |
With Virginia Housing DPA or CCA Grant |
Standard | With Virginia Housing DPA or CCA Grant |
||
| 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 |
$84,800 |
$123,000 |
$98,400 |
$600,000 |
| 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.
Get in touch with Virginia housing
Toll free: 877-834-2123Local: 804-782-1986
LoanServicing@VirginiaHousing.com