Virginia Closing Cost Assistance Grant
Virginia Housing offers Closing Cost Assistance Grant to first-time buyers in Virginia: as much as 2% of the price, as a grant.
- Amount
- As much as 2% of the price
- Form of help
- Grant
- Only first-time buyers
- Yes, though exceptions apply
How is Virginia Closing Cost Assistance Grant paid back?
Grant: money given as a grant, with no repayment ever required.
You never have to repay a grant, provided you follow the program's rules.
Who qualifies for Virginia Closing Cost Assistance Grant?
- Virginia Housing’s income limits set the range your income must stay within.
- Yes, only first-time buyers, though exceptions apply.
- Virginia Housing pairs this with a bond loan: a Rural Development (RD) loan or a Veterans Affairs (VA) loan.
- Price limit: Virginia Housing's sales price / loan limits apply, and the price must stay within them.
Your county and household size set most limits. Use our HUD income limits lookup to see the median income for your area and how your household compares.
How to apply for Virginia Closing Cost Assistance Grant
- Before making an offer on a home, talk to a lender that handles Virginia Housing's programs or reach out to the agency.
- Your income, credit and the home are checked against the program's rules by the lender, which then sets the money aside for you.
- At closing, the money goes toward your down payment and closing costs.
Check the rules in full and see if applications are open: visit Virginia Housing's page for Closing Cost Assistance Grant. Or pick one of the agency's participating lenders.
Ask a lender about Virginia Closing Cost Assistance Grant
Tell us where you're buying and a lender that works with Virginia's programs can tell you whether Virginia Closing Cost Assistance Grant fits you, and what you could combine with it.
Don't want to call? Share your details and the lender will get in touch with you.
More first-time buyer programs in Virginia
- Virginia Down Payment Assistance Grant:
A grant worth up to 2.5% of the home's price or value.
- Virginia Housing Plus Second Mortgage:
A repayable loan worth as much as 5% of the price.
Every first-time home buyer program in Virginia · Down payment assistance across all states