City of Roanoke Down Payment Assistance Program
Funding status: Active
How much assistance
Up to $8,000 for down payment (Forgivable Loan)
Zero-interest deferred payment loan forgiven after 5 years of owner occupancy.
Eligibility
- Income limits: Low to moderate income. Income limits apply.
- Purchase price limit: $159,000
- First-time buyer required: Yes — Must be a first-time homebuyer.
- Geographic restrictions: Must purchase a home within the City of Roanoke.
- Homebuyer education required: Yes
How to Apply for City of Roanoke Down Payment Assistance Program
Step 1: Contact the City of Roanoke Housing Department. Must contribute a minimum of $500 toward down payment. Maximum home value of $159,000.
Notes
Buyer must contribute minimum $500 toward down payment. Home purchase price cannot exceed $159,000.