For first-time home buyers who wish to buy and occupy a home in Virginia for $525,000 or less, Virginia Housing offers an outstanding collection of programs. In addition to mortgage loans, Virginia Housing offers a variety of attractive plans to help buyers cover down payments and closing costs. Through its popular Mortgage Credit Certificate program, qualifying mortgage borrowers also can realize significant savings on their federal income taxes.*
To take advantage of these programs, borrowers must apply through a Virginia Housing-approved lender, such as Burke & Herbert Bank. While there are income and loan size restrictions on Virginia Housing programs, your mortgage loan officer can guide your through the many options available and help you choose the right ones for your needs.