Virginia Housing Development Authority
FHA-fixed first mortgage.
No down payment cash is needed, because in addition to VHDA’s FHA-insured first mortgage, you’ll also receive a second mortgage to help fund your down payment and closing costs.
Maximum loan amount:
First mortgage – maximum FHA mortgage
Second mortgage – 3.5% to 5% of sales price
No cash back
Low 30-year fixed interest rate on both the first and second mortgages.
$0 down payment.