Virginia Housing Down Payment Assistance Grant

About This Program

Virginia Housing offers down payment assistance grants of up to 2.5% of the purchase price for qualifying first-time homebuyers using a Virginia Housing mortgage. The grant does not need to be repaid. When combined with an FHA 203(k) loan, buyers can purchase a home in need of repair in Virginia Beach and finance both the acquisition and rehabilitation. Contact a Virginia Housing-approved lender for current income and purchase price limits.

2.5% DPA on $300,000 Virginia Beach home = $7,500 non-repayable grant

Key Details

• Non-repayable grant up to 2.5% of home purchase price
• Must use a Virginia Housing mortgage product
• First-time homebuyer required (exceptions for targeted areas)
• Can be combined with FHA 203k for purchase-plus-rehabilitation
• Contact Virginia Housing at 800-968-7837 for approved lender list

How to Apply

Deadline: Ongoing – apply through Virginia Housing-approved lenders