Virginia Down Payment Assistance Grant
Virginia Housing offers Down Payment Assistance Grant to first-time buyers in Virginia: up to 2.5% of the price or value, as a grant.
- Amount
- Up to 2.5% of the price or value
- Kind of help
- Grant
- First-time buyers only
- Yes, with exceptions
How is Virginia Down Payment Assistance Grant paid back?
Grant: a gift, not a loan; it 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 Down Payment Assistance Grant?
- Must be within Virginia Housing's lower income limits for this grant.
- First-time buyers only: yes, with exceptions.
- It comes with a Virginia Housing Conventional Bond or FHA Bond loan.
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 Down Payment Assistance Grant
- Ask a lender that works with Virginia Housing's programs, or contact the agency, before you make an offer on a home.
- The lender checks your income, credit and the home against the program's rules and reserves the money for you.
- 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 Down Payment Assistance Grant, or pick a lender from the agency's list of participating lenders.
Ask a lender about Virginia Down Payment Assistance Grant
Tell us where you're buying and a lender that works with Virginia's programs can tell you whether Virginia Down Payment Assistance Grant fits you, and what you could combine with it.
Rather not call? Send your details and the lender will reach you.
Other first-time buyer programs in Virginia
- Virginia Closing Cost Assistance Grant: up to 2% of the price, 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