FHA Loans in Virginia
The FHA loan limit in Virginia is $472,030 for a single-family home. FHA loans require just 3.5% down payment and accept credit scores as low as 580.
Virginia's FHA limits vary significantly across the state. Northern Virginia counties have the highest FHA limits in the state (matching the D.C. ceiling), which is essential given the area's high home prices. Richmond and Hampton Roads use moderate limits that cover most available inventory. Rural Virginia uses the baseline FHA limit, which is more than sufficient. VA loans (Veterans Affairs, not Virginia) are particularly prevalent in Virginia given the state's large military and veteran population — Virginia Beach, Norfolk, and the Pentagon area have among the highest VA loan utilization rates in the country.
By BuyAHomeIn Editorial | Updated 2026-03-02 | Sources: HUD, Zillow
FHA Loan Limit
$472,030
Min Down Payment
$16,521
3.5%
Est. Monthly Payment
$3,509
PITI + MIP
Min Credit Score
580
for 3.5% down
Monthly Payment Breakdown at FHA Limit
| Home Price | $472,030 |
| Down Payment (3.5%) | $16,521 |
| Loan Amount | $455,509 |
| Monthly Costs | |
| Principal & Interest (6.5%) | $2,879 |
| FHA Mortgage Insurance (MIP) | $209 |
| Property Tax | $303 |
| Homeowners Insurance | $118 |
| Total Monthly Payment | $3,509 |
* Estimated at 6.5% interest rate, 30-year fixed. MIP at 0.55% annual. Property tax at Virginia's average rate of 0.77%. Includes upfront MIP of 1.75% rolled into loan.
FHA Loan Requirements
Credit Score
580+ for 3.5% down payment. 500-579 requires 10% down.
Down Payment
Minimum 3.5% of purchase price. Can be a gift from family.
Debt-to-Income
Maximum 43% DTI ratio (up to 50% with compensating factors).
Property Requirements
Must be primary residence. FHA appraisal required (stricter than conventional).
Employment
2 years of steady employment history. Self-employed need 2 years of tax returns.
Mortgage Insurance
1.75% upfront MIP + 0.55% annual MIP. Required for life of loan (unless refinanced).
FHA vs Conventional in Virginia
| Feature | FHA | Conventional |
|---|---|---|
| Min Down Payment | 3.5% | 3-5% |
| Min Credit Score | 580 | 620 |
| Mortgage Insurance | Life of loan | Until 20% equity |
| Loan Limit (Virginia) | $472,030 | $766,550+ |
| Best For | Lower credit, small savings | Good credit, 20%+ down |
