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VIRGINIA FHA LOANS

As with all home loans FHA Loans are still calculated using the current interest rates.

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The FHA loan program is run by HUD (the Housing and Urban Development).

The current (2008) basic standard mortgage limits for FHA insured loans in Virginia are dependent on the county in which you live. The rates are as follows *:

County/Counties One-family Two-family Three-family Four-family
Alexandria, Arlington, Clarke, Fairfax, Fairfax Ind, Falls Church, Fauquier, Fredericksburg, Loudoun, Manassas, Manassas Park, Prince William, Spotsylvania, Stafford, Warren $729,750.00 $934,200.00 $1,129,250.00 $1,403,400.00
Accomack, Alleghany, Amherst, Appomattox, Augusta, Bath, Bedford, Bedford Ind, Bland, Bristol, Brunswick, Buchanan, Buckingham, Buena Vista, Campbell, Carroll, Charlotte, Clifton Forge, Covington, Danville, Dickenson, Emporia, Floyd, Franklin Ind, Galax, Giles, Grayson, Greensville, Halifax, Harrisonburg, Henry, Lee, Lunenburg, Lynchburg, Martinsville, Mecklenburg, Montgomery, Northampton, Norton, Nottoway, Page, Patrick, Pittsylvania, Prince Edward, Pulaski, Radford, Rockbridge, Rockingham, Russell, Scott, Shenandoah, Smyth, Southampton, Staunton, Tazewell, Washington, Waynesboro, Westmoreland, Wise, Wythe $271,050.00 $347,000.00 $419,400.00 $521,250.00
Amelia, Caroline, Charles City, Chesterfield, Colonial Height, Cumberland, Dinwiddie, Goochland, Hanover, Henrico, Hopewell, King And Queen, King William, Louisa, New Kent, Petersburg, Powhatan, Prince George, Richmond Ind, Sussex $528,750.00 $676,900.00 $818,200.00 $1,016,850.00
Albemarle, Charlottesville, Fluvanna, Greene, Nelson $425,000.00 $544,050.00 $657,650.00 $817,300.00
Richmond $300,000.00 $384,050.00 $464,200.00 $576,900.00
Frederick, Winchester $475,000.00 $608,100.00 $735,050.00 $913,450.00
Botetourt, Craig, Franklin, Roanoke, Roanoke Ind, Salem $280,000.00 $358,450.00 $433,250.00 $538,450.00
Highland $287,500.00 $368,050.00 $444,900.00 $552,900.00
Chesapeake, Gloucester, Hampton, Isle Of Wight, James City, Mathews, Newport News, Norfolk, Poquoson, Portsmouth, Suffolk, Surry, Virginia Beach, Williamsburg, York $428,750.00 $548,850.00 $663,450.00 $824,500.00
Northumberland $392,500.00 $502,450.00 $607,350.00 $754,800.00
Rappahannock $358,750.00 $459,250.00 $555,150.00 $689,900.00
Essex $375,000.00 $480,050.00 $580,300.00 $721,150.00
Lancaster $545,000.00 $697,700.00 $843,350.00 $1,048,100.00
Middlesex $330,000.00 $422,450.00 $510,650.00 $634,600.00
Culpeper $382,500.00 $489,650.00 $591,900.00 $735,600.00
Orange $331,250.00 $424,050.00 $512,600.00 $637,000.00
King George $386,250.00 $494,450.00 $597,700.00 $742,800.00
Madison $277,500.00 $355,250.00 $429,400.00 $533,650.00
Lexington $296,250.00 $379,250.00 $458,400.00 $569,700.00

Keep in mind the FHA does not actually make the home loans, the FHA insures FHA home loans. You must still apply for an FHA loan through regular lenders, your Bank, Credit Union etc.

 
      * Data source is hud.gov
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