Automatic Payment Plan

VHDA offers a program that provides automatic payment withdrawal from your checking or statement savings account at no cost to you. You can save time, postage and the worry that your payment will be delayed or lost in the mail.

If you like, we can also apply extra principal each month to pay off your loan more quickly and reduce your total interest charges.

Instructions:
Free yourself from this monthly chore. To enroll in the Automatic Payment Plan, download, print and complete the authorization form (form requires Adobe Acrobat Reader) and return it to us along with a voided check or your savings deposit slip. Mail your completed authorization form to:

Virginia Housing Development Authority
Attn: ACH
P.O. Box 4549
Richmond, VA 23220-8549

Your payment can be processed on the 1st through the 15th day of each month. Please specify which day you wish to have your payment withdrawn. We will confirm by letter the effective day your account will be drafted.

If you have any questions or need further information regarding automatic withdrawal, please contact our Customer Service Department toll free at (800) 235-6938 or (804) 783-6729.