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Struggling to pay your mortgage? Learn more about relief programs.

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.

  • Eligibility Requirements

    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.