Can You Afford to Buy a Home?
Deciding to buy a home is a big decision, and paying for one takes planning. Virginia Housing offers a variety of grants and loans to help make your first home more affordable, while also reducing the amount of time it takes to save for a down payment. Our eligibility tool can help you discover which Virginia Housing loans are right for you.
Grant and Loan Options
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Down Payment Assistance Grant
Virginia Housing's Down Payment Assistance Grant provides qualified first-time homebuyers with funds for their down payment that they will not need to pay back.
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Closing Cost Assistance Grant
The Closing Cost Assistance Grant reduces out-of-pocket expenses for qualified first-time homebuyers who are applying for a Rural Housing Service (RHS) or Veterans Affairs (VA) bond loan. This grant will never require any repayment.
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Home Loans
Virginia Housing offers a variety of 30-year fixed-rate loans. Some require zero down payment and some allow for lower credit scores.
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Virginia Housing Plus Second Mortgage
Whether you are a first-time homebuyer who does not qualify for a grant due to income limits or you are not a first time homebuyer, you may qualify for our Plus Second Mortgage, eliminating the need for a down payment. This loan is paired with an eligible Virginia Housing first mortgage and may assist with your closing costs.
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Military and Veteran Programs
Virginia Housing has dedicated resources for service members and veterans. They include education classes, accessibility grants for disabled veterans and more.