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Virginia Housing Programs

We're helping homebuyers in Virginia with affordable housing programs.
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Affordable housing programs for first-time and repeat1 homebuyers

We understand it can be challenging to finance your home, but it's also a meaningful goal.

Up to 100% financing

Down payment & closing cost assistance grants for qualified first-time homebuyers

Borrowers with credit scores as low as 620 may qualify

Through our partnership with Virginia Housing, we offer an array of special loan programs for both first-time and repeat homebuyers1 that help make homeownership more affordable. The qualifying guidelines are different from other loans with most requiring little or no down payment. Your Atlantic Union Bank Mortgage Loan Officer can help you figure out which option might work best for you. Additional resources from Virginia Housing can be found here. 

Program highlights:

  • Virginia Housing home loans are available to qualified buyers purchasing a primary residence in Virginia.
  • Get up to 100% financing.
  • Guidelines have expanded to allow maximum household income limits up to $217,000 with a maximum loan amount of $800,0002.
  • Down payment and closing cost assistance grants are available to qualified first-time homebuyers. Restrictions apply. 
  • Loan programs include FHA, USDA, VA and Conventional.
  • Homebuyers with median credit scores as low as 620 may qualify.

Ready to connect with an expert?

Contact your Atlantic Union Bank Mortgage Loan Officer or follow the link below.

Ask About Purchasing


DPR

Down Payment Resource

If upfront costs are holding you back from achieving your dream of homeownership, we may be able to help. We've partnered with Down Payment Resource (DPR) to provide programs that you could be eligible for.

Explore Options


Want to calculate your monthly payment?

Use our Mortgage Loan Calculator to see what you might pay monthly and an estimated payoff schedule. To see the advantages of contributing a little more to your monthly payments, check out our Mortgage Payoff Calculator .
Use Mortgage Loan Calculator Use Mortgage Payoff Calculator

Disclosures

1Repeat homebuyers must not have owned a home within the previous three years.

2Virginia Housing home loan programs are only available in the state of Virginia. Eligible areas include Alexandria, Arlington County, Clarke County, Fairfax, Fairfax County, Falls Church, Fauquier County, Fredericksburg, Loudoun County, Manassas, Manassas Park, Prince William County, Spotsylvania County and Stafford County. Other areas in Virginia have a maximum household income limit that ranges from $129,000 to $144,000 with a maximum loan amount that ranges from $500,000 to $675,000 based on the area. Depending on the program, there is a maximum household income cap of $245,000 and no maximum loan amount.

This is not a commitment to lend or extend credit. All loans, credit and collateral are subject to approvals. Terms, rates, data, programs, information and conditions are subject to change without notice. Specific program restrictions may apply, so please consult your dedicated Mortgage Loan Officer for complete details.

Additional resources

How else can we help?

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833-692-8245

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