--- title: "Virginia Reverse Mortgage Guide (HECM 2026)" description: "Virginia HECM reverse mortgage guide for homeowners 62+. Learn how FHA lending limits apply in Virginia's varied markets, from Northern Virginia to the coast" lang: en json-ld: | [ { "@context": "https://schema.org", "@type": "WebSite", "name": "HECMAcademy", "url": "https://hecmacademy.com", "description": "Independent, plain-English reverse mortgage education for U.S. homeowners age 62 and older. 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Explains HECM eligibility, costs, protections, and payout options without sales pressure." }, { "@context": "https://schema.org", "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://hecmacademy.com" }, { "@type": "ListItem", "position": 2, "name": "Reverse Mortgage", "item": "https://hecmacademy.com/reverse-mortgage" }, { "@type": "ListItem", "position": 3, "name": "Virginia", "item": "https://hecmacademy.com/reverse-mortgage/virginia" } ] }, { "@context": "https://schema.org", "@type": "Service", "serviceType": "Reverse Mortgage Education", "name": "Virginia Reverse Mortgage (HECM) Education", "description": "Virginia HECM reverse mortgage guide for homeowners 62+. Learn how FHA lending limits apply in Virginia's varied markets, from Northern Virginia to the coast and mountains, how HUD-approved counseling works, and whether your Virginia home qualifies for a reverse mortgage.", "url": "https://hecmacademy.com/reverse-mortgage/virginia", "areaServed": { "@type": "State", "name": "Virginia" }, "provider": { "@type": "Organization", "name": "HECMAcademy", "url": "https://hecmacademy.com" } }, { "@context": "https://schema.org", "@type": "FAQPage", "mainEntity": [ { "@type": "Question", "name": "Are HECMs available in Virginia?", "acceptedAnswer": { "@type": "Answer", "text": "Yes. HECMs are available statewide in Virginia, including Northern Virginia, Richmond, Hampton Roads, and rural communities. FHA-approved lenders licensed in Virginia can originate HECM loans." } }, { "@type": "Question", "name": "Does Virginia require additional reverse mortgage counseling?", "acceptedAnswer": { "@type": "Answer", "text": "No. Virginia relies on the federal HUD counseling requirement. Borrowers must complete a HUD-approved counseling session before any HECM application. Northern Virginia, Richmond, and Hampton Roads all have HUD-approved agencies." } }, { "@type": "Question", "name": "How do Virginia property taxes interact with a HECM?", "acceptedAnswer": { "@type": "Answer", "text": "HECM borrowers must keep property taxes current. Virginia localities — not the state — set property tax rates. Many Virginia localities offer senior property tax relief programs, including exemptions or deferrals for homeowners 65 and older. Contact your county or city assessor to understand local programs available to you." } }, { "@type": "Question", "name": "What if I have a HELOC on my Virginia home?", "acceptedAnswer": { "@type": "Answer", "text": "An existing HELOC must be paid off and closed at HECM closing. The HELOC payoff typically comes from HECM proceeds. Virginia lenders will verify clear title before closing." } }, { "@type": "Question", "name": "Where can I find a HUD-approved HECM counselor in Virginia?", "acceptedAnswer": { "@type": "Answer", "text": "Use the HUD HECM Counselor Search (link above) filtered to Virginia. Agencies are available in Northern Virginia, Richmond, and Hampton Roads. Phone counseling is available statewide." } } ] } ] --- Free HECM guidance — no sales pressure Mon–Fri, 9am–6pm ET [Contact](/contact) [![HECMAcademy — reverse mortgage education](/__l5e/assets-v1/11c6d22b-7f84-4add-8068-34dad2c8a5b7/hecmacademy-logo.png)](/) [How it works](/#how) Learn [Free Guide](/guide)[FAQ](/faq)[Blog](/blog)[Retirement Tax Guide](/retirement-tax-guide)[Heirs Guide](/heirs-guide) By State [California](/reverse-mortgage/california)[Texas](/reverse-mortgage/texas)[Florida](/reverse-mortgage/florida)[Arizona](/reverse-mortgage/arizona)[Colorado](/reverse-mortgage/colorado)[Virginia](/reverse-mortgage/virginia)[Utah](/reverse-mortgage/utah)[Washington](/reverse-mortgage/washington)[Ohio](/reverse-mortgage/ohio)[Illinois](/reverse-mortgage/illinois)[Maryland](/reverse-mortgage/maryland)[North Carolina](/reverse-mortgage/north-carolina)[Oregon](/reverse-mortgage/oregon)[Hawaii](/reverse-mortgage/hawaii) [All states →](/reverse-mortgage) [Calculator](/calculator)[About](/about) [Expert advisor (888) 203-8887 Mon–Fri, 9am–6pm ET ](tel:+18882038887)[Check Eligibility](/#quickcheck) [](tel:+18882038887)[Check Eligibility](/#quickcheck) [HECMAcademy](/) / [State Guides](/reverse-mortgage) / Virginia State Guide # Reverse Mortgage (HECM) Guide for Virginia Homeowners 62+ Virginia has approximately 570,000 homeowner households led by someone 62 or older. With a median home value of $376,000 — elevated by Northern Virginia's proximity to Washington D.C. and strong Coastal and Blue Ridge markets — Virginia seniors often hold significant equity. A HECM can help Virginia retirees access that equity to supplement retirement income, cover healthcare, or eliminate monthly mortgage obligations. Source: U.S. Census Bureau ACS 2022 1-Year Estimates (Table B25077); U.S. Census Bureau ACS 2022 1-Year Estimates (Table B25007) 2026 FHA Lending Limit ## $1,249,125 Virginia's home values are generally below the 2026 FHA HECM limit of $1,249,125. Most Virginia homeowners can access the full available equity through a HECM. Premium Northern Virginia properties (McLean, Great Falls) may approach the cap in top neighborhoods. Source: HUD Mortgagee Letter 2025-21 ## Virginia Reverse Mortgage Protections Virginia does not require additional reverse mortgage counseling beyond the federal HUD mandate. The Virginia Bureau of Financial Institutions regulates mortgage lenders. Virginia's Consumer Protection Act (Va. Code § 59.1-196 et seq.) provides general protections against deceptive practices that apply to mortgage transactions. Source: Va. Code § 59.1-196; Virginia Bureau of Financial Institutions ## HUD-Approved Counseling in Virginia Federal law requires an independent counseling session before any HECM application. Counseling can be done by phone and typically takes 60–90 minutes. [Find a HUD-approved counselor in Virginia →](https://hudapps.hud.gov/HUDApps/HECMCounselorsApp/?state=VA) ## Virginia HECM FAQ ### Are HECMs available in Virginia? Yes. HECMs are available statewide in Virginia, including Northern Virginia, Richmond, Hampton Roads, and rural communities. FHA-approved lenders licensed in Virginia can originate HECM loans. ### Does Virginia require additional reverse mortgage counseling? No. Virginia relies on the federal HUD counseling requirement. Borrowers must complete a HUD-approved counseling session before any HECM application. Northern Virginia, Richmond, and Hampton Roads all have HUD-approved agencies. ### How do Virginia property taxes interact with a HECM? HECM borrowers must keep property taxes current. Virginia localities — not the state — set property tax rates. Many Virginia localities offer senior property tax relief programs, including exemptions or deferrals for homeowners 65 and older. Contact your county or city assessor to understand local programs available to you. ### What if I have a HELOC on my Virginia home? An existing HELOC must be paid off and closed at HECM closing. The HELOC payoff typically comes from HECM proceeds. Virginia lenders will verify clear title before closing. ### Where can I find a HUD-approved HECM counselor in Virginia? Use the HUD HECM Counselor Search (link above) filtered to Virginia. Agencies are available in Northern Virginia, Richmond, and Hampton Roads. Phone counseling is available statewide. ### Compare nearby states - [Reverse Mortgage Guide for Maryland →](/reverse-mortgage/maryland) - [Reverse Mortgage Guide for North Carolina →](/reverse-mortgage/north-carolina) [Estimate your HECM — Virginia homeowners →](/#prequal?src=state_virginia) Reviewed by the HECMAcademy Editorial Team · Last updated June 2026 · [How we vet this content](/about#editorial-standards) ## Get the Free HECM Guide (PDF) An 8-page plain-English guide to how the FHA HECM works — sent straight to your inbox. Company website First nameLast name EmailPhoneZIP code Age range 55-6162-6970-7980+ I agree to receive calls and texts from HECM Academy about reverse mortgages. Not required to get the guide. Reply STOP to opt out. Send Me the Guide We never sell your information. [Privacy policy](/privacy-policy). HECMAcademy is not a lender. This is educational information only. By submitting, you agree to receive our free HECM educational guide and follow-up emails. Unsubscribe anytime. Talk to a HUD-approved counselor Free, independent, and required before any HECM. Not affiliated with HECMAcademy. [1-800-569-4287](tel:+18005694287)[Search by ZIP →](https://hud.gov/program_offices/housing/sfh/hcc/hcs.cfm) HECMAcademy Independent education for homeowners 62+ exploring HECM and jumbo proprietary reverse mortgages. Not a lender, broker, or financial advisor. 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