Down Payment Assistance Grant
Our grant can help your buyers get into their first home faster. It provides money for the down payment and never has to be repaid.
Get to Know This Grant
What is It?
To receive a Down Payment Assistance Grant, a homebuyer must:
- Be a first-time homebuyer or repeat buyer purchasing in Areas of Economic Opportunity
- Have a non-bond or bond FHA/ Conventional or non-bond Conventional No MI loan from Virginia Housing
- Have a household income within Virginia Housing’s income limits
- Be within Virginia Housing’s sales price / loan limits
How Does It Work?
The Down Payment Assistance Grant may only be used with eligible Virginia Housing loans.