Virginia Home Buyer Programs
Name of ProgramDescriptionLocationFTHB?
HOMEOWNERSHIP DOWN PAYMENT ASSISTANCE (DHCD) Up to 20% of the sales price in Prince William, Alexandria, Fredericksburg, Annandale, Arlington, Herndon Spotsylvania, Loudoun, Stafford,Manassas, Culpepper, McLean, Fairfax and Falls Church It's a deferred grant. Sales Price vary from $323,000 - $499,000 depending on area. Income must be less than 80% of the Area Median Income (AMI)  Virginia FTHB
DOWN PAYMENT ASSISTANCE GRANT Up to $12,500 in grant funds for down payment  Virginia  FTHB
CLOSING COST ASSISTANCE GRANT Up to $10,000 in grant funds for closing cost  Virginia FTHB
VHDA PLUS SECOND MORTGAGE Up to $25,000 for down payment/closing cost  Virginia FTHB
USDA Rural Housing Development Loan, 100% Financing, No Minimum Credit Score Home must be in a rural area FTHB
DOWN PAYMENT/CLOSING COSTS ASSISTANCE Up to $25,000, must currently live and/or work in Loudoun County for a minimum of six months, max income no more than $84,950 Loudoun County FTHB
MODERATE INCOME PURCHASE ASSISTANCE Up to 25% of home sales price (maximum sales price $500,000), must be a conventional loan with VHDA approved lender, income restrictions. Arlington County FTHB
FIRST TIME HOME BUYER PROGRAM Between 23 - 33% of the approved sales price (maximum of $75,000), income limits, must use VHDA approved lender, income restrictions.  Prince William County FTHB