Down Payment Assistance Grant
If making a down payment is a barrier to buying your first home, the Down Payment Assistance Grant may help by reducing the time it takes to save for your down payment.
Get to Know This Grant
What Is It?
The Down Payment Assistance Grant is a true grant, meaning you never need to repay it. It can be paired with a Mortgage Credit Certificate (MCC) as well as with other non-Virginia Housing assistance.
To receive a Down Payment Assistance Grant, a homebuyer must:
- Be a first-time homebuyer or repeat buyer purchasing in Areas of Economic Opportunity
- Have an FHA or Conventional / Conventional No MI loan from Virginia Housing
- Have a household income within Virginia Housing’s income limits
- Be within Virginia Housing’s sales price / loan limits
How Does It Work?
The Down Payment Assistance Grant may only be used with eligible Virginia Housing loans.