We are here to help you

Call us: 1-866-361-3406

Virginia FHA Home Loans

FHA Mortgage Loan Programs in Virginia
FHA Loan Requirements - 2020 FHA Loan Limits

Virginia FHA Loans | Requirements | 2020 FHA Loan Limits

FHA loans provide a great opportunity to buy a home in Virginia.  The FHA (Federal Housing Administration) was created to help the average American have a chance at owning their own home.  One of the reasons that FHA loans are so popular is because of the low down payment option.  FHA loans allow you to purchase a home with only a 3.5% down payment.  There are also less strict requirements to get an FHA loan (compared to conventional loans), such as being able to qualify with a credit score as low as 500.

Virginia FHA Loan Requirements

Below are some of the basic requirements to get an FHA loan in Virginia.  If you would like to find out if you are eligible for an FHA loan, we can help match you with a lender.  To have an FHA lender contact you, request a free consultation.

  • Credit Score – To qualify for the 3.5% down payment, you must have a 580 credit score or higher. If your credit score is between a 500-579, you still may qualify for an FHA loan, but will be required to put 10% down.
  • Job History – Proof of employment for 2 years is required. It is ok if you have changed jobs, but you need to show consistent employment/income.
  • Financial Statements – You should expect to be required to provide your 2 most recent bank statements, pay stubs, and tax returns.
  • Debt-to-Income – You can not have a debt-to-income ratio higher than 43%.  However, if you have “compensating factors” you might be able to get approved with higher debt levels (a compensating factor could be more money in savings, longer job history, or great credit).
  • Primary Residence – You must occupy the home that you intend to purchase and have it be your primary residence. FHA loans are not available to purchase an investment property, second home, or vacation home.
  • Mortgage Insurance – All FHA loans, regardless of the lender, require two types of mortgage insurance.  This includes the UPMIP (Upfront Mortgage Insurance Premium) and the regular MIP (Mortgage Insurance Premium).  FHA MIP acts similarly to how PMI (Private Mortgage Insurance) on a conventional loan acts.  You can use this FHA loan calculator to estimate your monthly payment and mortgage insurance costs.
  • FHA Loan Limits – FHA loans have maximum lending limits, which are set at the county level. You can view the 2020 FHA loan limits for all counties in Virginia below.

Would you like to see if you qualify for an FHA loan?  We can help match you with a mortgage lender that offers FHA loans in Virginia.  To have an FHA lender contact you, request a free consultation.

2020 Virginia FHA Loan Limits

Below are the 2020 FHA loan limits for every county in Virginia:

County Single Family 2 Family 3 Family 4 Family
ACCOMACK $331,760 $424,800 $513,450 $638,100
ALBEMARLE $437,000 $559,450 $676,200 $840,400
ALEXANDRIA CITY $765,600 $980,325 $1,184,925 $1,472,550
ALLEGHANY $331,760 $424,800 $513,450 $638,100
AMELIA $535,900 $686,050 $829,250 $1,030,600
AMHERST $331,760 $424,800 $513,450 $638,100
APPOMATTOX $331,760 $424,800 $513,450 $638,100
ARLINGTON $765,600 $980,325 $1,184,925 $1,472,550
AUGUSTA $331,760 $424,800 $513,450 $638,100
BATH $331,760 $424,800 $513,450 $638,100
BEDFORD $331,760 $424,800 $513,450 $638,100
BEDFORD CITY $331,760 $424,800 $513,450 $638,100
BLAND $331,760 $424,800 $513,450 $638,100
BOTETOURT $331,760 $424,800 $513,450 $638,100
BRISTOL CITY $331,760 $424,800 $513,450 $638,100
BRUNSWICK $331,760 $424,800 $513,450 $638,100
BUCHANAN $331,760 $424,800 $513,450 $638,100
BUCKINGHAM $437,000 $559,450 $676,200 $840,400
BUENA VISTA CITY $331,760 $424,800 $513,450 $638,100
CAMPBELL $331,760 $424,800 $513,450 $638,100
CAROLINE $535,900 $686,050 $829,250 $1,030,600
CARROLL $331,760 $424,800 $513,450 $638,100
CHARLES CITY $535,900 $686,050 $829,250 $1,030,600
CHARLOTTE $331,760 $424,800 $513,450 $638,100
CHARLOTTESVILLE $437,000 $559,450 $676,200 $840,400
CHESAPEAKE CITY $458,850 $587,400 $710,050 $882,400
CHESTERFIELD $535,900 $686,050 $829,250 $1,030,600
CLARKE $765,600 $980,325 $1,184,925 $1,472,550
COLONIAL HEIGHT $535,900 $686,050 $829,250 $1,030,600
COVINGTON CITY $331,760 $424,800 $513,450 $638,100
CRAIG $331,760 $424,800 $513,450 $638,100
CULPEPER $765,600 $980,325 $1,184,925 $1,472,550
CUMBERLAND $331,760 $424,800 $513,450 $638,100
DANVILLE CITY $331,760 $424,800 $513,450 $638,100
DICKENSON $331,760 $424,800 $513,450 $638,100
DINWIDDIE $535,900 $686,050 $829,250 $1,030,600
EMPORIA CITY $331,760 $424,800 $513,450 $638,100
ESSEX $331,760 $424,800 $513,450 $638,100
FAIRFAX $765,600 $980,325 $1,184,925 $1,472,550
FAIRFAX CITY $765,600 $980,325 $1,184,925 $1,472,550
FALLS CHURCH CITY $765,600 $980,325 $1,184,925 $1,472,550
FAUQUIER $765,600 $980,325 $1,184,925 $1,472,550
FLOYD $331,760 $424,800 $513,450 $638,100
FLUVANNA $437,000 $559,450 $676,200 $840,400
FRANKLIN $331,760 $424,800 $513,450 $638,100
FRANKLIN CITY $458,850 $587,400 $710,050 $882,400
FREDERICK $331,760 $424,800 $513,450 $638,100
FREDERICKSBURG $765,600 $980,325 $1,184,925 $1,472,550
GALAX CITY $331,760 $424,800 $513,450 $638,100
GILES $331,760 $424,800 $513,450 $638,100
GLOUCESTER $458,850 $587,400 $710,050 $882,400
GOOCHLAND $535,900 $686,050 $829,250 $1,030,600
GRAYSON $331,760 $424,800 $513,450 $638,100
GREENE $437,000 $559,450.00 $676,200 $840,400.00
GREENSVILLE $331,760 $424,800 $513,450 $638,100
HALIFAX $331,760 $424,800.00 $513,450 $638,100.00
HAMPTON CITY $458,850 $587,400 $710,050 $882,400
HANOVER $535,900 $686,050 $829,250 $1,030,600
HARRISONBURG CITY $331,760 $424,800.00 $513,450 $638,100.00
HENRICO $535,900 $686,050.00 $829,250 $1,030,600.00
HENRY $331,760 $424,800 $513,450 $638,100
HIGHLAND $331,760 $424,800 $513,450 $638,100
HOPEWELL CITY $535,900 $686,050 $829,250 $1,030,600
ISLE OF WIGHT $458,850 $587,400 $710,050 $882,400
JAMES CITY $458,850 $587,400 $710,050 $882,400
KING AND QUEEN $535,900 $686,050 $829,250 $1,030,600
KING GEORGE $350,750 $449,000 $542,750 $674,500
KING WILLIAM $535,900 $686,050 $829,250 $1,030,600
LANCASTER $442,750 $566,800 $685,100 $851,450
LEE $331,760 $424,800 $513,450 $638,100
LEXINGTON CITY COUN $354,200 $453,450 $548,100 $681,150
LOUDOUN $765,600 $980,325 $1,184,925 $1,472,550
LOUISA $331,760 $424,800 $513,450 $638,100
LUNENBURG $331,760 $424,800 $513,450 $638,100
LYNCHBURG CITY $331,760 $424,800 $513,450 $638,100
MADISON $765,600 $980,325 $1,184,925 $1,472,550
MANASSAS CITY $765,600 $980,325 $1,184,925 $1,472,550
MANASSAS PARK CITY $765,600 $980,325 $1,184,925 $1,472,550
MARTINSVILLE CITY $331,760 $424,800 $513,450 $638,100
MATHEWS $458,850 $587,400 $710,050 $882,400
MECKLENBURG $331,760 $424,800 $513,450 $638,100
MIDDLESEX $331,760 $424,800 $513,450 $638,100
MONTGOMERY $331,760 $424,800 $513,450 $638,100
NELSON $437,000 $559,450 $676,200 $840,400
NEW KENT $535,900 $686,050 $829,250 $1,030,600
NEWPORT NEWS CITY $458,850 $587,400 $710,050 $882,400
NORFOLK CITY $458,850 $587,400 $710,050 $882,400
NORTHHAMPTON $331,760 $424,800 $513,450 $638,100
NORTHHUMBERLAND $331,760 $424,800 $513,450 $638,100
NORTON CITY $331,760 $424,800 $513,450 $638,100
NOTTOWAY $331,760 $424,800 $513,450 $638,100
ORANGE $331,760 $424,800 $513,450 $638,100
PAGE $331,760 $424,800 $513,450 $638,100
PAtrICK $331,760 $424,800 $513,450 $638,100
PETERSBURG CITY $535,900 $686,050 $829,250 $1,030,600
PITTSYLVANIA $331,760 $424,800 $513,450 $638,100
POQUOSON CITY $458,850 $587,400 $710,050 $882,400
PORTSMOUTH CITY $458,850 $587,400 $710,050 $882,400
POWHATAN $535,900 $686,050 $829,250 $1,030,600
PRINCE EDWARD $331,760 $424,800 $513,450 $638,100
PRINCE GEORGE $535,900 $686,050 $829,250 $1,030,600
PRINCE WILLIAM $765,600 $980,325 $1,184,925 $1,472,550
PULASKI $331,760 $424,800 $513,450 $638,100
RADFORD CITY $331,760 $424,800.00 $513,450 $638,100.00
RAPPAHANNOCK $765,600 $980,325 $1,184,925 $1,472,550
RICHMOND $331,760 $424,800.00 $513,450 $638,100.00
RICHMOND CITY $535,900 $686,050 $829,250 $1,030,600
ROANOKE $331,760 $424,800 $513,450 $638,100
ROANOKE CITY $331,760 $424,800.00 $513,450 $638,100.00
ROCKBRIDGE $331,760 $424,800.00 $513,450 $638,100.00
ROCKINGHAM $331,760 $424,800 $513,450 $638,100
RUSSELL $331,760 $424,800 $513,450 $638,100
SALEM CITY $331,760 $424,800 $513,450 $638,100
SCOTT $331,760 $424,800 $513,450 $638,100
SHENANDOAH $331,760 $424,800 $513,450 $638,100
SMYTH $331,760 $424,800 $513,450 $638,100
SOUTHHAMPTON $458,850 $587,400 $710,050 $882,400
SPOTSYLVANIA $765,600 $980,325 $1,184,925 $1,472,550
STAFFORD $765,600 $980,325 $1,184,925 $1,472,550
STAUNTON CITY $331,760 $424,800 $513,450 $638,100
SUFFOLK CITY $458,850 $587,400 $710,050 $882,400
SURRY $331,760 $424,800 $513,450 $638,100
SUSSEX $535,900 $686,050 $829,250 $1,030,600
TAZEWELL $331,760 $424,800 $513,450 $638,100
VIRGINIA BEACH $458,850 $587,400 $710,050 $882,400
WARREN $765,600 $980,325 $1,184,925 $1,472,550
WASHINGTON $331,760 $424,800 $513,450 $638,100
WAYNESBORO CITY $331,760 $424,800 $513,450 $638,100
WESTMORELAND $331,760 $424,800 $513,450 $638,100
WILLIAMSBURG CITY $458,850 $587,400 $710,050 $882,400
WINCHESTER CITY $331,760 $424,800 $513,450 $638,100
WISE $331,760 $424,800 $513,450 $638,100
WYTHE $331,760 $424,800 $513,450 $638,100
YORK $458,850 $587,400 $710,050 $882,400

Easily Receive More Information

Fill out the form below to receive a free consultation from a mortgage lender

Property State

Loan Type
PurchaseRefinance

Loan Amount

Credit Rating: ExcellentGoodFairPoor

Home Loan Programs Available In:

Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Florida, Georgia, Kansas, Louisiana, Iowa, Illinois, Indiana, Maryland, Michigan, Minnesota, Missouri, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, Wisconsin, and Wyoming.