First-Time Home Buyer in Virginia

Detailed Information

Virginia offers excellent opportunities for first-time home buyers. FHA loans require just 3.5% down with credit scores from 580, while conventional loans allow as little as 3% down through Fannie Mae HomeReady and Freddie Mac Home Possible programs. Virginia also has down payment assistance programs that can help cover your down payment and closing costs. Loans with Nixon guides first-time buyers through every step — from pre-qualification to closing — with AI-powered instant pre-qualification and licensed loan officer support.

Loan Programs

• FHA Loans — 3.5% down payment, credit scores from 580, ideal for first-time home buyers
• VA Loans — Zero down payment for veterans, active-duty military, and surviving spouses
• Conventional Loans — Fannie Mae and Freddie Mac, financing up to 97%, credit from 620
• Jumbo Loans — For properties exceeding 2026 conforming loan limits ($832,750 most counties)
• Non-QM Loans — Bank statement loans for self-employed, 1099 income, DSCR, and ITIN loans

Educational Guides

• FHA Down Payment Guide
• VA Funding Fee Guide
• Bank Statement Loans Guide
• ITIN Loans Guide
• 10% Down Bank Statement Loans
• FHA vs Conventional Loans