Down Payment Assistance Grant
Our grant can help your buyers get into their first home faster. It provides money for the down payment and never has to be repaid.
Get to Know This Grant
What is It?
The Down Payment Assistance Grant is a true grant, meaning it does not have to be repaid. It can also be paired with a Mortgage Credit Certificate (MCC).
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.