Virginia Closing Cost Assistance Grant

How is Virginia Closing Cost Assistance Grant paid back?

Grant: a grant that never has to be repaid.

A grant is money you never pay back, as long as you keep to the program's rules.

Who qualifies for Virginia Closing Cost Assistance Grant?

• Your income must be within Virginia Housing’s income limits.
• First-time buyers only: yes, with exceptions.
• It comes with a bond Rural Development (RD) or Veterans Affairs (VA) loan from Virginia Housing.
• Price limit: must be within Virginia Housing's sales price / loan limits.

Most limits follow your county and household size. Our HUD income limits lookup shows your area's median income and where your household sits.

How to apply for Virginia Closing Cost Assistance Grant

1. Ask a lender that works with Virginia Housing's programs, or contact the agency, before you make an offer on a home.
2. The lender checks your income, credit and the home against the program's rules and reserves the money for you.
3. The help is paid at closing, toward your down payment and closing costs.

Read the full rules and whether it is taking applications on Virginia Housing's page for Closing Cost Assistance Grant, or pick a lender from the agency's list of participating lenders.

Other first-time buyer programs in Virginia

• Virginia Down Payment Assistance Grant: up to 2.5% of the price or value, grant.
• Virginia Housing Plus Second Mortgage: up to 5% of the price, repayable loan.

All Virginia first-time home buyer programs · Down payment assistance in every state