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Virginia VA Loans

Deciding to purchase a house in Virginia is a huge financial decision, but with the unique benefits provided by the VA loan, your dream of homeownership just got that much easier.

Published on January 7, 2021

With the average listing price of a home in Virginia landing at $501,384, the VA loan’s signature $0-money-down benefit is a considerable advantage for homebuyers.

See also: VA Loan Options for Other States

How to get a VA Loan in Virginia

VA loans are made by private lenders and guaranteed by the Department of Veterans Affairs. Because private lenders make the loans and not the VA, you need to find a lender licensed in the state you plan to purchase or refinance.

For example, if you're purchasing a home in Richmond, VA, you'll need to find a lender licensed in Virginia to do the loan.

Our Lender
Veterans United Home Loans is a VA approved lender; Mortgage Research Center, LLC – NMLS #1907 ( Not affiliated with the Dept. of Veterans Affairs or any government agency. Not available in NV or NY. 1400 Veterans United Dr., Columbia, MO 65203. Equal Housing Lender

Other Considerations for Getting a VA Loan in Virginia

VA borrowers in Virginia should also consider the cost and impact of VA loan limits and property taxes when making their home purchase.

Virginia VA Loan Limits

As of January 1, 2020, VA borrowers in Virginia with their full VA loan entitlement are not restricted by VA loan limits. This means you can borrow as much as a lender is willing to lend without needing a down payment.

However, Veterans without their full VA loan entitlement are still bound to Virginia’s VA loan limits.

Virginia VA Loan Limits by County

County Loan Limit
Alexandria City $756,600
Amelia $535,900
Arlington $765,600
Caroline $535,900
Charles City $535,900
Chesterfield $535,900
Clarke $765,600
Colonial Heights City $535,900
Culpeper $765,600
Cumberland $535,900
Dinwiddie $535,900
Fairfax $765,600
Fairfax City $765,600
Falls Church City $765,600
Fauquier $765,600
Fredericksburg City $765,600
Goochland $535,900
Hanover $535,900
Henrico $535,900
Hopewell City $535,900
King and Queen $535,900
King William $535,900
Loudoun $765,600
Louisa $535,900
Madison $765,600
Manassas Park City $765,600
New Kent $535,900
Petersburg City $535,900
Powhatan $535,900
Prince George $535,900
Prince William $765,600
Rappahannock $765,600
Richmond City $535,900
Spotsylvania $765,600
Stafford $765,600
Sussex $535,900
Warren $765,600
All other areas $510,400

Property Taxes in Virginia

Another consideration for VA buyers in Virginia is property taxes. For certain VA buyers, there are exemptions.

You may be eligible for a property tax exemption in Virginia if you meet one of the following conditions:

  • A disabled veteran may receive a full exemption on their residence if the veteran is 100 percent disabled as a result of service

If you are required to pay property tax in Virginia, the American Community Survey by the U.S. Census Bureau estimates you may pay the following in each county:

How VA Loans Work in Virginia

View the graphic below to learn more about how VA loans work in Virginia.

How Virginia VA Loans work How Virginia VA Loans work How Virginia VA Loans work