The down payment assistance programs that are listed here are a sample of what is available for homebuyers in Virginia. This can be your starting point as you search for the right program for your family. Home Purchase and Refinance Loans

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HOMEownership Down Payment and Closing Cost Assistance Program

Financial Assistance for Homebuyers in Virginia

With the goal of creating long-term, sustainable housing and growth in personal health for low-income families in the state, the Virginia Department of Housing and Community Development’s (DHCD) HOMEownership Down Payment and Closing Cost Assistance Program helps first-time homebuyers purchase decent homes. The program brings together a number of qualified HUD-certified mortgagors with outlined plans of being DPA providers and administering DHCD funds.

Eligibility Requirements
To participate in the HOME program, homebuyers must have eligible credit and fall at or below 80 percent of the area median income (AMI) proposed by HUD according to the size and location of the property. They must be first-time homebuyers who complete an HUD-certified homebuyer education course and receive homeownership counseling. If an applicant’s income falls between 50 and 80 percent of the AMI they are obligated to pay 1 percent of the sales price, and those with income lower than 50% must pay $500.

Property Guidelines
  • Single-family property (one unit)
  • A two-unit property where one unit will be the principal residence of the purchaser and the second is a HOME rental unit
  • Townhouse homes
  • Condominiums
  • Manufactured homes; the manufactured housing must be connected to permanent utility hookups. The manufactured housing must be located on land that is owned by the manufactured housing unit owner, or on land for which the manufactured housing unit owner has a lease for a period at least equal to the applicable period of affordability. 
Note: All figures mentioned above were accurate at the time of publication and may no longer be current. Visit the program website for updated information.

Down payment assistance programs and/or grants were researched by the team at Please note that all programs listed on this website may involve a second mortgage with payments that are forgiven, deferred, or subsidized in some manner until resale of the mortgaged property.'s compilation is not a complete list, but it can serve as a starting point in your search for the down payment assistance program or grant for your situation. It is up to the consumer to contact these entities and find out the specifics of each program.

Down Payment Grants in Virginia

HOMEownership Down Payment & Closing Cost Assistance Program helps first-time homebuyers purchase decent homes in Virgina. With this program, the Virginia Department of Housing and Community Development creates long-term, sustainable housing for low-income families. 

The Virginia Housing Development Authority (VHDA) offers the Down Payment Assistance (DPA) Grant in order to help individuals get out of the renters trap. They realize that many people who are able to make their monthly mortgage payments, don’t always have enough money saved for a down payment.

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