Homebuyer Programs in Chesapeake, VA (2026)
Chesapeake is the second most populous city in Virginia, located in the Hampton Roads metropolitan area with a mix of suburban neighborhoods and rural farmland. With a median home price of around $410,000, buyers here can access the Call Chesapeake HOME program, which provides up to $13,000 in down payment and closing cost assistance for first-time buyers. The Virginia Housing DPA Grant adds 2% to 2.5% of the purchase price as a free grant, while the DHCD HOMEownership DPA offers up to $40,000 and the Virginia Pilot DPA provides up to $50,000 for income-eligible households. Habitat for Humanity of South Hampton Roads also serves Chesapeake. Combining local and state programs can help buyers stack significant assistance.
Top Homebuyer Programs in Chesapeake
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| Call Chesapeake HOME Down Payment Assistance Program | Deferred Loan | Up to $13,000 for down payment and closing costs | Yes | View → |
| FHA Loans | Government-Insured Mortgage | Up to FHA county loan limits ($541,287 floor to $1,249,125 ceiling for single-family in 2026) | No | View → |
| FHLBA Community Partners Product | Forgivable Loan | Up to $20,000 in home purchase assistance for down payment and closing costs | No | View → |
| FHLBA First Time Homebuyer Product | Forgivable Loan | Up to $17,500 in home purchase assistance for down payment and closing costs | Yes | View → |
| FHLBA Workforce Housing Plus+ | Forgivable Loan | Up to $15,000 in home purchase assistance for down payment and closing costs | No | View → |
| Good Neighbor Next Door (HUD) | Government Property Sale Program | 50% discount off the list price of HUD-owned homes | Yes | View → |
| Home Possible Mortgage (Freddie Mac) | Government-Guaranteed Mortgage | Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment | No | View → |
| HomeReady Mortgage (Fannie Mae) | Government-Guaranteed Mortgage | Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment | No | View → |
| HUD $100 Down Program | FHA-Financed HUD REO Purchase | Only $100 down payment required (vs. standard 3.5% FHA down payment). HUD may also pay up to 3% of buyer's closing costs. | No | View → |
| USDA Rural Development Loans | Government-Guaranteed Mortgage | 100% financing (no down payment required); loan amount up to appraised value | No | View → |
| VA Loans | Government-Guaranteed Mortgage | No loan limit for veterans with full entitlement (0% down at any price); partial entitlement subject to conforming limits ($832,750 standard in 2026) | No | View → |
| Habitat for Humanity of South Hampton Roads Homeownership Program | Zero-Interest Loan | Affordable home purchase with 30-year fixed-rate mortgage capped at 30% of household income | No | View → |
| 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. | Yes | View → |
| Virginia Down Payment Assistance Pilot Program | Deferred Loan | Up to $50,000 | Yes | View → |
| Virginia Housing Closing Cost Assistance Grant | Grant | Up to 2% of the purchase price | Yes | View → |
| Virginia Housing Down Payment Assistance Grant | Grant | 2% to 2.5% of the purchase price | Yes | View → |
| Virginia Housing SPARC Program | Zero-Interest Loan | 1 percentage point reduction on Virginia Housing first mortgage interest rate | Yes | View → |
- Type:
- Deferred Loan
- Amount:
- Up to $13,000 for down payment and closing costs
- First-time only:
- Yes
- Type:
- Government-Insured Mortgage
- Amount:
- Up to FHA county loan limits ($541,287 floor to $1,249,125 ceiling for single-family in 2026)
- First-time only:
- No
- Type:
- Forgivable Loan
- Amount:
- Up to $20,000 in home purchase assistance for down payment and closing costs
- First-time only:
- No
- Type:
- Forgivable Loan
- Amount:
- Up to $17,500 in home purchase assistance for down payment and closing costs
- First-time only:
- Yes
- Type:
- Forgivable Loan
- Amount:
- Up to $15,000 in home purchase assistance for down payment and closing costs
- First-time only:
- No
- Type:
- Government Property Sale Program
- Amount:
- 50% discount off the list price of HUD-owned homes
- First-time only:
- Yes
- Type:
- Government-Guaranteed Mortgage
- Amount:
- Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment
- First-time only:
- No
- Type:
- Government-Guaranteed Mortgage
- Amount:
- Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment
- First-time only:
- No
- Type:
- FHA-Financed HUD REO Purchase
- Amount:
- Only $100 down payment required (vs. standard 3.5% FHA down payment). HUD may also pay up to 3% of buyer's closing costs.
- First-time only:
- No
- Type:
- Government-Guaranteed Mortgage
- Amount:
- 100% financing (no down payment required); loan amount up to appraised value
- First-time only:
- No
- Type:
- Government-Guaranteed Mortgage
- Amount:
- No loan limit for veterans with full entitlement (0% down at any price); partial entitlement subject to conforming limits ($832,750 standard in 2026)
- First-time only:
- No
- Type:
- Zero-Interest Loan
- Amount:
- Affordable home purchase with 30-year fixed-rate mortgage capped at 30% of household income
- First-time only:
- No
- Type:
- Deferred Loan
- Amount:
- Up to 10% to 15% of the sales price plus up to $2,500 for closing costs. Maximum assistance of $40,000.
- First-time only:
- Yes
- Type:
- Deferred Loan
- Amount:
- Up to $50,000
- First-time only:
- Yes
- Type:
- Grant
- Amount:
- Up to 2% of the purchase price
- First-time only:
- Yes
- Type:
- Grant
- Amount:
- 2% to 2.5% of the purchase price
- First-time only:
- Yes
- Type:
- Zero-Interest Loan
- Amount:
- 1 percentage point reduction on Virginia Housing first mortgage interest rate
- First-time only:
- Yes
How to Apply
- Step 1:
Check your eligibility. The Call Chesapeake HOME program serves low to moderate income first-time buyers. Virginia state programs have varying income limits by household size.
- Step 2:
Complete homebuyer education. Contact a HUD-approved housing counseling agency in the Hampton Roads area for the required education course.
- Step 3:
Apply for the Call Chesapeake HOME program through the Hampton Roads Planning District Commission or City of Chesapeake Housing Department for up to $13,000 in assistance.
- Step 4:
Contact a Virginia Housing-approved lender to access the DPA Grant (2% to 2.5% of purchase price) and other state loan products.
- Step 5:
Explore additional state assistance through a DHCD-approved local provider for the HOMEownership DPA (up to $40,000) or Pilot Program (up to $50,000).
- Step 6:
Get pre-approved, find a home within program limits, and complete the formal application process.