See programs you qualify for
Get Matched Free →Virginia Housing SPARC Program
Funding status: Active
How much assistance
1 percentage point reduction on Virginia Housing first mortgage interest rate
Not applicable. This is an interest rate reduction on the first mortgage, not a separate loan.
Eligibility
- Income limits: Varies by county and household size. Generally higher limits than the standard DPA Grant.
- First-time buyer required: Yes — Must not have owned a home in the past 3 years.
- Credit score minimum: 620
- Geographic restrictions: Available in participating localities that have received SPARC funding allocations from Virginia Housing.
- Homebuyer education required: Yes
How to Apply for Virginia Housing SPARC Program
Contact a Virginia Housing-approved lender in a participating locality. Must live and/or work in the qualifying county or city. Can be combined with the Virginia Housing DPA Grant or Closing Cost Assistance Grant.