Virginia Home Buying Guide
South Region · Non-Judicial Foreclosure State
Key Facts at a Glance
What Makes Virginia Unique
Strong VA loan market due to large military presence
VHDA Plus provides up to 5% DPA
Northern Virginia is one of the most competitive markets in the East
First-Time Buyer Programs in Virginia
VHDA First-Time Homebuyer Loan
Contact your state housing finance agency for current eligibility and rates
VHDA Plus Second Mortgage
Contact your state housing finance agency for current eligibility and rates
VHDA Granting Freedom
Contact your state housing finance agency for current eligibility and rates
Program availability, income limits, and interest rates change frequently. Verify current terms with your lender or state housing finance agency.
Closing Costs in Virginia
Attorney at Closing
Attorney Required at Closing
Virginia requires a licensed real estate attorney to oversee the closing process. Budget $500–$1,500 for attorney fees.
Local Tips for Virginia Buyers
VA loans with $0 down are extremely common here for veterans.
NoVA market is hyper-competitive — waive contingencies carefully.
VHDA income limits vary by region — Northern VA limits are higher.
Estimated Annual Ownership Cost in Virginia
Based on the median home price of $400,000 with a 10% down payment and 7% mortgage rate.
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