Virginia Down Payment Assistance Grant
Virginia Housing offers Down Payment Assistance Grant to first-time buyers in Virginia: 2.5% of the price or value, at most, as a grant.
- Amount
- 2.5% of the price or value, at most
- Type of assistance
- Grant
- Buyers must be first-time
- Exceptions apply, but yes
How is Virginia Down Payment Assistance Grant paid back?
Grant: money given to you, not a loan, and you never repay it.
As long as you stick to the program's rules, a grant never needs repaying.
Who qualifies for Virginia Down Payment Assistance Grant?
- For this grant, your income must fall under Virginia Housing's lower limits.
- Only first-time buyers: yes, though exceptions apply.
- You take it alongside either a Virginia Housing Conventional Bond or an FHA Bond loan.
Your county and household size set most limits. Our HUD income limits lookup tells you the median income for your area and how your household compares.
How to apply for Virginia Down Payment Assistance Grant
- Contact the agency, or ask a lender that handles Virginia Housing's programs, before you offer on a home.
- Based on the program's rules, the lender looks at your income, your credit and the home, then reserves the money for you.
- At closing, the help is paid and goes toward your down payment and your closing costs.
Virginia Housing's page for Down Payment Assistance Grant has the full rules and says whether it's taking applications; you can also find a lender through 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.
Prefer not to call? Share your details and the lender will get in touch.
More Virginia programs for first-time buyers
- Virginia Closing Cost Assistance Grant:
A grant of up to 2% of the price.
- Virginia Housing Plus Second Mortgage:
5% of the price at most, as a loan you repay
Down payment help in every state · Every Virginia first-time home buyer program