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Virginia Home Loans & Mortgage Guide

VA
State Mortgage Guides

Virginia Mortgage Guides 2026

FHA limits by county, Virginia Housing down payment assistance grants, USDA rural loans, VA resources for Naval Station Norfolk, Langley AFB, and Quantico-area veterans, and a complete closing cost breakdown — all in one place. Virginia’s housing market spans some of the widest ranges in the country, from Northern Virginia’s high-cost Washington, D.C. suburbs to the Hampton Roads naval corridor and Southwest Virginia’s more affordable rural communities, so the right loan program often depends heavily on where in the state you’re buying.

$1,249,125FHA limit (Northern Virginia)
2–2.5%Virginia Housing DPA Grant
$122,800USDA income limit (base)
1.02%Avg effective tax rate (Fairfax Co.)

Everything You Need for a Virginia Home Purchase

Six in-depth guides covering every aspect of getting a mortgage in Virginia — from loan program selection to what you’ll pay at closing. Whether you’re purchasing near Naval Station Norfolk in Hampton Roads, in the Richmond metro, or in Northern Virginia’s competitive market near Washington, D.C., these guides break down the programs, requirements, and costs specific to your part of Virginia.

Virginia Mortgage Snapshot

2026 FHA Loan Limits

  • Northern Virginia (Fairfax/Arlington/Loudoun/PW): $1,249,125
  • Hampton Roads (VA Beach/Norfolk/Chesapeake): $757,850
  • Richmond / Chesterfield / Henrico: $707,250
  • All other VA counties/cities: $541,287
Full FHA limits →

Down Payment Assistance

  • Virginia Housing Grant: 2–2.5% grant (no repayment)
  • Virginia Housing Plus Second: up to 3.5% deferred loan
  • MCC: up to $2,000/year federal tax credit
  • Min credit score: 620 for Virginia Housing programs
First-time buyer guide →

Property Taxes

  • Property taxes assessed at the city or county level
  • Independent cities in Virginia set their own separate rates
  • Fairfax County effective rate: approximately 1.02%
  • Rural Appalachian counties may be significantly lower
Full tax guide →

Closing Cost Estimates

  • Typical buyer costs: 2%–4% of purchase price
  • Deed of trust recordation tax: $0.25 per $100 of loan (buyer)
  • Grantor’s tax: $0.50–$0.65 per $500 of price (seller)
  • Title + settlement: ~$1,500–$2,700 combined
Full closing cost guide →

Buying or Refinancing in Virginia?

Virginia has unique advantages — one of the nation’s premier VA loan markets, strong Virginia Housing programs, and diverse markets from Northern Virginia’s high-cost suburbs to Southwest Virginia’s affordable communities. A licensed Virginia mortgage advisor can help you navigate all of it.

  • ✓ Compare Virginia Housing Grant vs. FHA for your situation
  • ✓ Understand deed of trust recordation taxes and grantor’s tax
  • ✓ Check VA vs. Virginia Housing options for military and veterans
  • ✓ Estimate total cash needed including escrow reserves

Coming soon  ·  No obligation  ·  Educational first

Virginia Advisor Network — Coming Soon

We currently connect buyers with licensed mortgage advisors in Florida and Utah. Virginia is on our expansion list. In the meantime, our Virginia guides and the official program links above have everything you need to research your purchase.

Join the Virginia Waitlist