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Program Requirements | Midpage
Collections
Virginia Administrative Code
Title 13
10
Chapter 40
Part II
Program Requirements
30
Eligible persons and citizenship.
40
Compliance with certain requirements of the tax code.
50
Eligible borrowers.
60
Eligible dwellings.
70
Targeted areas.
80
Sales price limits.
90
Net worth.
100
Maximum gross income.
110
Calculation of maximum loan amount.
120
Mortgage insurance requirements.
130
Underwriting.
140
Loan assumptions.
150
Loan term and owner occupancy.
160
Loan lock-in and fees.
170
Loan decision.
180
Buy-down mortgage loans.
190
Property guidelines.
210
Condominium requirements.
220
Subordinate financing program.
230
Mortgage loan programs funded by taxable bonds.
240
Down payment and closing cost assistance grants.
250
Government-sponsored enterprises programs.
260
FHA, VA, or Rural Development streamline refinance program.
270
Real estate owned condo program.
280
Reduced rate financing.
9998
Forms (13Vac10-40).