Loan and assistance programs offered through the Virginia Housing Development Authority, or VHDA, are designed to make homeownership more accessible to borrowers across the state.
The VHDA relies on a network of participating lenders and loan officers to provide these financial assistance programs, but with dozens of options, it can be difficult to know where to start.
NerdWallet gathered some of the most active VHDA lenders and matched them to a variety of borrower needs. Start your search by comparing the mortgage providers below.
Best VHDA mortgage lenders if you prefer an online experience
Everything is becoming digital, even mortgages. These lenders offer user-friendly features to help you explore your loan options online.
- Full online application, secure document uploading and e-signature.
- Get customized rate quotes without entering personal info.
- $1,290 lender fee for most loans.
- Guaranteed Rate review.
- Full online application, document uploading and e-signature.
- Optional text message status updates.
- $795 lender fee for most loans.
- J.G. Wentworth Mortgage review.
Best VHDA mortgage lenders if you’re a military veteran
Affordable VA loans are available to many past and current service members. These lenders have the expertise to help you take advantage of them.
- Offers fixed- and adjustable-rate VA home loans.
- A mobile application can be completed in 10 minutes.
- In-depth FAQs and a mortgage glossary are available online.
- Fairway Independent Mortgage review
- Offers VA purchase and refinance loans.
- Lots of educational info about VA loans on its website.
- Prioritizes a high level of customer service and satisfaction.
- Homebridge Financial Services review.
Best VHDA mortgage lenders if you want to live in a rural area
Dreaming of a home in the Virginia countryside? These lenders have loans that can make it affordable.
- Offers USDA rural development mortgages, as well as FHA and VA loans.
- Employs community-based loan officers who are familiar with qualifying rural areas.
- Has online document uploads, e-signature and online loan process tracking.
- Flagstar Bank review.
- Offers all government loans, including USDA rural development mortgages.
- Detailed info about USDA loans and eligibility criteria on its website.
- Has an in-house closing-cost assistance program.
- PrimeLending review.
Best VHDA mortgage lenders if you want in-person service
Sometimes it’s nice to sit down with a loan officer who knows your community. These lenders have lots of local branches so you can do just that.
- Services most mortgages it originates, so your ongoing needs can be handled in-house.
- Plentiful branch locations across Virginia.
- You must create a profile to apply online.
- BB&T review.
- Ample branch locations across Virginia.
- Lots of customer service options, including online chat.
- Doesn’t consider alternative credit history.
- SunTrust Mortgage review.
Best VHDA mortgage lenders if you want a nonbank experience
If you like to do things the nontraditional way, you may appreciate the streamlined process offered by these nontraditional lenders.
- Offers FHA, VA and USDA loans.
- Eight-step online application process.
- Mobile app lets borrowers close in as little as 10 days.
- Fairway Independent Mortgage review.
- Offers FHA, VA and USDA loans.
- No online application, just a contact form.
- Must contact a loan officer to get a personalized rate quote.
- Stearns Lending review.
Best VHDA mortgage lenders: a summary
- Best for an online experience: Guaranteed Rate
- Best for an online experience: J.G. Wentworth
- Best for veterans: Fairway Independent Mortgage
- Best for veterans: Homebridge Financial Services
- Best for USDA loans: Flagstar Bank
- Best for USDA loans: PrimeLending
- Best for in-person service: BB&T
- Best for in-person service: SunTrust Mortgage
- Best for a nonbank experience: Fairway Independent Mortgage
- Best for a nonbank experience: Stearns Lending
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