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Government Loans


Products designed for you. If you’re looking for loan options that allow for smaller down payments that are designed to work with those who have limited and/or expanded credit profiles, you’ve come to the right place.

Rural Housing

Rural Housing Loans (also known as USDA loans) guaranteed by the U. S. Department of Agriculture. They are used to buy, build, enhance, or refinance a permanent residence in an eligible rural area. The unique conditions of these properties enable buyers to have more possibilities at their fingertips. Rural housing loans available through Village Bank Mortgage allow customers to finance up to 100% value of the property and all applicable closing costs.

FHA Mortgages

Village Bank Mortgage has an array of loan products available through the Federal Housing Administration (FHA). Insured by the Department of Housing and Urban Development, most FHA Mortgage products offer the borrower the ability to purchase a home for as little as a 3.5% down payment. FHA mortgages are available to most buyers and are not limited to those just purchasing their first home. Also, current borrowers may have the option of refinancing up to 96.5% of the value of their home. Just like most programs, seller contributions towards closing costs are allowed that will help minimize the out of pocket costs needed to purchase a home.

VA Mortgages

Loans available through the guaranty of the Veterans Administration, VA Mortgages are similar to FHA Loans except that they are designed for qualified veterans, active duty service members or their spouses. This is one of the few programs available that allow for the purchase or refinance of your home for up to 100% of its value. If you’ve spent time in your life serving our country, you deserve the benefits of a loan built just for you. Village Bank Mortgage is honored to assist you with your next home purchase or refinance. Thank you for your service.

VHDA Loans

The Virginia Housing Development Authority (VHDA) is a not-for-profit organization created by the Commonwealth of Virginia to help Virginians attain quality, affordable housing. Commonly known for its robust first-time home buyers program, over the years, VHDA has transformed into a multifaceted organization which is no longer limited to working just with first-time homebuyers. While still offering traditional mortgage products targeted for those buying their first home, VHDA also offers programs in partnership with Fannie Mae that keeps homeownership in reach for all families who qualify. In addition to standard qualifying criteria loans, VHDA loans target families that are within a specific income range based on where they live in the State. Village Bank Mortgage is a preferred lender with the VHDA and is proud that many of the VHDA’s Top Loan Officers call Village Bank Mortgage their home.

Conventional Loans with 3% Down

In conjunction with Fannie Mae and Freddie Mac, Village Bank Mortgage offers both purchase and refinance loans up to 97% loan to value. In addition to allowing for limited cash or equity investment, these loans feature lower mortgage insurance requirements which reduce the overall monthly payment on your loan. These loans may not be available in all areas and are targeted for individuals or families within a targeted income limit.

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