Virginia Housing loan options
Buying in Virginia? Explore grants and flexible loans.
Virginia Housing offers grants and loan programs that help Virginians buy quality, affordable homes. I'll help you understand what's available to you.
Virginia help for Virginia buyers.
Helpful tools
Start here
Grants & programs
Help with your down payment and closing costs
Down Payment Assistance Grant
- 2% to 2.5% of the purchase price
- No repayment (a true grant)
- Paired with an eligible Virginia Housing loan
Closing Cost Assistance Grant
- Up to 2% of the purchase price
- For closing costs, RHS guarantee, or VA funding fee
- RHS or VA loans only
Community Heroes Grant
- $10,000 grant, no repayment
- For educators, law enforcement, healthcare workers, firefighters, and military/veterans
Plus Second Mortgage
- 3% to 5% of the price as a second loan
- Helps cover the down payment
- First-time and repeat buyers
Loan types
Loan options
Conventional
3% down (or less with DPA). Minimum 640 credit score.
FHA
3.5% down. Credit scores as low as 620.
VA & USDA
100% financing for eligible veterans and eligible rural properties.
Program terms, amounts, and limits change. Check current details with Virginia Housing and an approved lender.
How it works
5 steps to homeownership
01
Take the class
Complete the free Virginia Housing homebuyer class.
02
Pre-qualify
Meet with an approved lender to see what you qualify for.
03
Search
We find the right home together.
04
Apply
Your lender submits your loan and assistance application.
05
Close
Sign, get your keys, and celebrate.
Work with me
Let's see what you qualify for.
Book a consultation and I'll walk you through the Virginia programs that fit your situation.
RESHAWNA LEAVEN, REALTOR® | (240) 284-4114
Licensed in Virginia, Maryland and DC | KW United - Alexandria/Kingstowne
Equal Housing Opportunity
Licensed in Virginia, Maryland and DC | KW United - Alexandria/Kingstowne
Equal Housing Opportunity
