What is an escrow analysis and how does it work?
An escrow account is used when Virginia Housing Development Authority (VHDA) disburses your tax and insurance payments on your behalf. The escrow analysis helps determine how much money should be deposited into an escrow account to cover future tax and insurance obligations. We perform an annual escrow analysis to determine whether the monthly payment amount needs to be adjusted. Adjustments would be based on payments VHDA has already made on your behalf, what we have to pay in the coming year and the amount in your escrow account at the time of analysis. VHDA will perform an escrow analysis on each account annually.
