Virginia Housing Development Authority (VHDA) loans are geared towards first time homebuyers. VHDA is the states mortgage finance agency which helps low to moderate income Virginians achieve their goals of home ownership, which would otherwise be impossible. By offering a variety of loan options, the VHDA aids many people in overcoming barriers that hinder home ownership. VHDA programs can help a homebuyer in several ways from eliminating the down payment or mortgage insurance to providing more flexible underwriting for the loan to additional assistance in payments.  Contact your HSTM loan officer for more information on VHDA type loans.