First-Time Homebuyer Programs in Virginia

Statewide Programs in Virginia

• DHCD HOMEownership Down Payment Assistance Program

  Deferred Loan · Up to 10% to 15% of the sales price plus up to $2,500 for closing costs. Maximum assistance of $40,000.

• FHLBA Community Partners Product

  Forgivable Loan · Up to $20,000 in home purchase assistance for down payment and closing costs

• FHLBA First Time Homebuyer Product

  Forgivable Loan · Up to $17,500 in home purchase assistance for down payment and closing costs

• FHLBA Workforce Housing Plus+

  Grant · Up to $15,000 in home purchase assistance for down payment and closing costs

• Virginia Down Payment Assistance Pilot Program

  Deferred Loan · Up to $50,000

• Virginia Housing Closing Cost Assistance Grant

  Grant · Up to 2% of the purchase price

• Virginia Housing Down Payment Assistance Grant

  Grant · 2.5% (FHA Bond) or 2% (Conventional Bond) of the lesser of sales price or appraised value; down payment only

• Virginia Housing SPARC Program

  Zero-Interest Loan · 1 percentage point reduction on Virginia Housing first mortgage interest rate