Virginia Housing Down Payment Assistance Grant
Funding status: Active
How much assistance
2% to 2.5% of the purchase price (Grant)
No repayment required.
Eligibility
- Income limits: Varies by county and household size. Ranges from approximately $80,000 to $164,000 depending on location.
- First-time buyer required: Yes — Must not have owned a home in the past 3 years.
- Credit score minimum: 620
- Geographic restrictions: Available statewide in Virginia.
- Homebuyer education required: Yes
How to Apply for Virginia Housing Down Payment Assistance Grant
Step 1: Contact a Virginia Housing-approved lender to apply. Complete a Virginia Housing-approved homebuyer education course. Minimum 1% borrower contribution required.
Notes
Available with Virginia Housing Conventional, Conventional No MI, or FHA first mortgage loans. Purchase price limits vary by county, ranging from $450,000 to $750,000.