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

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).

  • 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.

Contact Us

 

Homeownership Originations
Toll Free: 800-227-8432
Local: 804-783-6725
Homeownership@VirginiaHousing.com
Underwriting@VirginiaHousing.com