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.
Available for First-time Homebuyers Only
Effective date: 8/19/2025
| Area | DPA / CCA Grant Programs |
Standard / Bond Programs |
||||
| Household Income Limit All Household Member Income |
Sales Price / Loan Limit |
Household Income Limit All Household Member Income |
Sales Price / Loan Limit |
|||
| 2 or Fewer People | 3 or More People | All Household Sizes | 2 or Fewer People | 3 or More People | All Household Sizes | |
| Washington Arlington Alexandria |
$141,000 | $164,000 | $750,000 | $176,000 | $205,000 | $750,000 |
| Richmond | $86,000 | $99,000 | $500,000 | $107,000 | $123,000 | $500,000 |
| Charlottesville | $84,000 | $97,000 | $475,000 | $105,000 | $121,000 | $475,000 |
| Norfolk Virginia Beach Newport News |
$84,000 | $97,000 | $475,000 | $105,000 | $121,000 | $475,000 |
| Culpeper Rappahannock Warren |
$88,000 | $103,000 | $650,000 | $110,000 | $129,000 | $650,000 |
| All Other Areas of Virginia | $80,000 | $92,000 | $450,000 | $100,000 | $115,000 | $450,000 |
Available for First-time and Repeat Homebuyers
Effective date: 8/19/2025
| Area | Expanded / Non-bond Programs |
|
| Household Income Limit Qualifying Income |
Sales Price / Loan Limit |
|
| All Household Sizes | ||
| Washington Arlington Alexandria |
$232,000 | No sales price limit Follow GSE / insurer / guarantor requirements for loan limit |
| Richmond | $160,000 | |
| Charlottesville | ||
| Norfolk Virginia Beach Newport News |
||
| Culpeper Rappahannock Warren |
||
| All Other Areas of Virginia | ||
Metropolitan Statistical Area (MSA) Details
| Washington, Arlington, Alexandria | Richmond | Charlottesville | 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 | 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 | Albemarle County, Charlottesville, Fluvanna County, Greene County, Nelson County | 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 income limits apply to all Virginia Housing loans.
- Loan amounts that include financed guaranty fees or mortgage insurance premiums plus a Virginia Housing second mortgage, if applicable, cannot exceed Virginia Housing’s sales price limits.
- Conventional loans follow maximum conforming loan limits. High-cost loan limits do not apply.
- If the jurisdiction is not listed in one of the applicable areas, follow the limits for All Other Areas of Virginia.
- Virginia Housing's Plus Second Mortgage is eligible using the income and sales price limit of the first mortgage (including the targeted area limits, when applicable, if the property is in a targeted area).
- Virginia Housing's Community Heroes Grant is eligible using the standard / bond income and sales price limits (including the targeted area limits if the property is in a targeted area). If it is originated with the Down Payment Assistance (DPA) or Closing Cost Assistance (CCA) Grant, the lower income limit applies.
- Please check with your Virginia Housing-approved lender to verify income, sales price and loan limits for your purchase.
For applications before 8/19/2025, review 2024 Income and Sales Price / Loan Limits.
Get in touch with Virginia Housing
Toll free: 877-843-2123Local: 804-782-1986
Homeownership@VirginiaHousing.com