Virginia First Time Home Buyer Grants and Loan Programs





Virginia first time home buyer grants and loan programs - The Virginia Housing Development Authority (VHDA) offers programs for first time home buyers.

The VHDA offers several loan programs for first time home buyers. Programs include low, fixed rate home loan/mortgages for eligible applicants with good credit and employment history. One loan program offered includes a conventional private mortgage insurance that allows home loans/mortgages up to 103% of sales price.

Additional incentives and programs are offered to Veterans and home buyers in rural areas.

To see if you qualify for any of the VHDA programs, check out their website for more information.


The Virginia Department of Housing and Community Development (DHCD) also offers programs for first time home buyers.

The HOMEownership Downpayment Assistance Program offers downpayment and closing cost assistance to individuals and families whose income is at or below 80 percent of the Area Median Income (AMI). A home buyer meeting the income eligibility may receive up to 10% of the purchase price of a home to go toward the downpayment, plus up to $2,500 to pay for the cost of closing (i.e., attorney’s fee, title insurance, taxes, etc.).

To see if you qualify for this program, check out the DHCD website.







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