Up to 2% (Conventional Bond) or 2.5% (FHA Bond) of the lesser of sales price or appraised value as a true grant toward the down payment; no repayment required.

Paired with: FHA, Conventional

• First-time homebuyer: Required
• Primary residence only
• Income: Virginia Housing DPA Grant lower income limits apply (vary by locality).
• Homebuyer education required

Only with a Virginia Housing FHA Bond or Conventional Bond first mortgage. Repeat buyers eligible when purchasing in Areas of Economic Opportunity. 1% minimum borrower contribution (gift allowed). Cannot be used with the Closing Cost Assistance Grant or Plus Second Mortgage; may be combined with other non-Virginia Housing assistance.

Source: www.virginiahousing.com

Up to 2% of the purchase price as a grant toward closing costs, RHS guarantee fees, or VA funding fees; no repayment required.

Paired with: USDA, VA

• First-time homebuyer: Required
• Primary residence only
• Income: Household income must meet Virginia Housing limits.
• Homebuyer education required

Requires a Virginia Housing bond Rural Development or VA first mortgage. Repeat buyers eligible when purchasing in Areas of Economic Opportunity. Cannot be combined with the DPA Grant or Plus Second Mortgage in the same transaction.

Source: www.virginiahousing.com

Up to 5% of the purchase price as a 30-year fixed-rate second mortgage with no prepayment penalty; borrowers with a 680+ credit score may also finance part of closing costs (total financing up to 1.5% above the purchase price).

Paired with: FHA, Conventional

• First-time homebuyer: Not required
• Primary residence only
• Income: Household income must meet Virginia Housing limits.
• Homebuyer education required

Open to first-time and repeat buyers. Must be paired with a Virginia Housing bond or non-bond FHA or Conventional first mortgage. Higher income limit than the grant programs.

Source: www.virginiahousing.com

Up to $10,000 as a grant for accessibility modifications (ramps, chairlifts, bathroom and kitchen modifications, widened doorways) for disabled veterans and service members.

• Primary residence only

True grant with no repayment. Applications go through Virginia Housing accepted agents. Separate from standard down payment assistance.

Source: www.virginiahousing.com

Up to 10% (or 15% in DHCD-designated areas) of the sales price, plus up to $2,500 for closing costs, with a maximum of $40,000; structured as a 0% deferred loan that is forgiven over a 5-, 10-, or 15-year residency period based on grant size.

Paired with: FHA, VA, USDA, Conventional

• First-time homebuyer: Required
• Primary residence only
• Income: Household income at or below 80% of Area Median Income (AMI).
• Homebuyer education required

Administered through DHCD-contracted HUD-certified mortgagors. Forgiveness schedule: loans up to $14,999 forgiven after 5 years; $15,000-$40,000 after 10 years; over $40,000 after 15 years.

Source: www.dhcd.virginia.gov

$20,000 to $50,000 (including up to $2,500 for closing costs) as a 0% forgivable second mortgage, forgiven 1/15 per year over 15 years of owner occupancy.

• First-time homebuyer: Required
• Primary residence only
• Income: Household income at or below 60% of Area Median Income (AMI).
• Homebuyer education required

State-funded and accessed through DHCD-approved local nonprofit providers on a first-come, first-served basis. Assistance capped at 30% of the sales price. Cannot be combined with DHCD HOME DPA.

Source: www.dhcd.virginia.gov