Mortgage Insurance Program

• Eligible facilities include manufacturing, travel and tourism, information technology, financial services, research and development, and others as defined in statute, including motion picture production projects;
• Loans may be insured for the acquisition of land and buildings, machinery and equipment or working capital;
• Contact VEDA's office to determine eligibility for specific projects.

•  Loan rates and terms are determined by the participating lender.

• Maximum of 75% of the amount of the bank loan, not to exceed $1 million;
• Film production projects limited to $500,000.

• $1,000 nonrefundable application fee due at the time of application;
• Current annual insurance fee is 1.5% of the annual insured amount.

• Applicants are advised to discuss their proposed project with VEDA Staff prior to submitting the application;
• Applications may be downloaded or obtained from the VEDA office.