Virginia Housing (formerly known as Virginia Housing)


What is Virginia Housing?

Virginia Housing provides affordable home loan options to help first-time and qualifying buyers achieve homeownership. Programs include Conventional, FHA, VA, and USDA loans—available as bond and non-bond options.


Helpful Tools & Resources


Income Requirements for First Time Buyers


Income Requirements for First Time and Repeat Buyers

Available Programs


FirstHome Dream Program



  • 2% interest rate reduction
  • Must be a first-time buyer AND your parents must not have owned real estate in the past 3 years
  • Can be paired with other Virginia Housing programs (except SPARC)
  • Income restrictions apply

SPARC (Sponsoring Partnerships & Revitalizing Communities)
  • 1% interest rate reduction
  • First-time buyer requirement 
  • Can be combined with other Virginia Housing programs
  • Income restrictions apply

Down Payment Assistance (DPA) Grant

  • No repayment required
  • Covers 1% down payment
  • Considered a true gift/grant
  • Can be paired with non-Virginia Housing DPA
  • Must be a first-time buyer
  • Income restrictions apply

Closing Cost Assistance (CCA) Grant

  • No repayment required
  • Covers part of closing costs
  • Can be used with non-Virginia Housing programs
  • First-time buyer required
  • Income restrictions apply

Plus Second Mortgage

  • 0% down payment option
  • 30-year fixed-rate second mortgage
  • Available to both first-time and repeat buyers
  • Income restrictions apply

Schedule Your Appointment

Ready to take the next step? Let’s talk about your goals and see which Virginia Housing program is right for you. Schedule your call here