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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

  • 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.

  • Closing Cost Assistance Grant

    The Closing Cost Assistance Grant reduces out-of-pocket expenses for borrowers who are applying for a Rural Housing Service (RHS) or Veterans Affairs (VA) loan. This grant will never require any repayment, and it can also be paired with a Mortgage Credit Certificate.

  • Home Loans

    Virginia Housing offers a variety of 30-year fixed-rate loans. Some require zero down payment; some allow for lower credit scores and all can be paired with a Mortgage Credit Certificate to help reduce federal income taxes.

  • Virginia Housing Plus Second Mortgage

    If you are a first-time homebuyer who does not qualify for a grant due to income limits, 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.

  • 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.

  • Mortgage Credit Certificates

    When buying your first home, a Mortgage Credit Certificate (MCC) can reduce the amount of federal income tax you owe each year. An MCC is a dollar-for-dollar credit against your federal income tax liability that could save you thousands of dollars.


Explore your home loan options 



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