See programs you qualify for
Get Matched Free →By Tyler Thompson · Licensed Real Estate Agent · Updated March 28, 2026
Homebuyer Programs in Hampton, VA (2026)
Hampton is a historic waterfront city on the Virginia Peninsula in the Hampton Roads region, home to Langley Air Force Base and NASA Langley Research Center. With a median home price of around $295,000, it is one of the more affordable cities in Hampton Roads. In addition to state and federal programs, Hampton buyers can access the Hampton Roads Loan Fund Partnership through the Hampton Redevelopment and Housing Authority, which provides deferred loans to help with down payment and closing costs. The Virginia Housing DPA Grant provides 2% to 2.5% of the purchase price as a free grant, the DHCD HOMEownership DPA offers up to $40,000 for buyers at or below 80% AMI, and the Virginia Pilot DPA provides up to $50,000 for households at or below 60% AMI. Habitat for Humanity of South Hampton Roads also serves the area with affordable homeownership opportunities.
City Programs in Hampton
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| Hampton Roads Loan Fund Partnership (HRLFP) | Forgivable Loan | Down payment and closing cost assistance provided as a forgivable, no-interest soft second mortgage loan. Amount varies based on need and funding availability. | Yes | View → |
- Type:
- Forgivable Loan
- Amount:
- Down payment and closing cost assistance provided as a forgivable, no-interest soft second mortgage loan. Amount varies based on need and funding availability.
- First-time only:
- Yes
State Programs in Virginia
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| 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 → |
| 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+ | Grant | Up to $15,000 in home purchase assistance for down payment and closing costs | No | 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 | 2.5% (FHA Bond) or 2% (Conventional Bond) of the lesser of sales price or appraised value; down payment only | 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 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:
- 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:
- Grant
- Amount:
- Up to $15,000 in home purchase assistance for down payment and closing costs
- First-time only:
- No
- 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:
- 2.5% (FHA Bond) or 2% (Conventional Bond) of the lesser of sales price or appraised value; down payment only
- First-time only:
- Yes
- Type:
- Zero-Interest Loan
- Amount:
- 1 percentage point reduction on Virginia Housing first mortgage interest rate
- First-time only:
- Yes
Federal Programs
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| 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 → |
| 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 → |
- 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:
- 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
How to Apply
Step 1: Check your eligibility. Review income limits for Virginia state programs. The DHCD HOMEownership DPA requires income at or below 80% AMI, and the Pilot Program requires income at or below 60% AMI.
Step 2: Complete homebuyer education through a HUD-approved housing counseling agency in the Hampton Roads area.
Step 3: Contact the Hampton Redevelopment and Housing Authority at 757-727-6556 to learn about the Hampton Roads Loan Fund Partnership, which provides deferred loans for down payment and closing cost assistance.
Step 4: Contact a Virginia Housing-approved lender to access the DPA Grant (2% to 2.5% of purchase price) and determine which loan product fits your needs.
Step 5: Contact a DHCD-approved local DPA provider to apply for the HOMEownership DPA (up to $40,000) or Pilot Program (up to $50,000) if you meet income requirements.
Step 6: Explore Habitat for Humanity of South Hampton Roads if you are interested in their affordable homeownership program.
Step 7: Get pre-approved, find a home, and complete the formal application process with your lender and DPA provider.
Frequently Asked Questions
How much down payment assistance can I get in Hampton?+−
Does Hampton have its own down payment assistance program?+−
Do I have to be a first-time homebuyer?+−
What homebuyer education is required?+−
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