Program guide
What to know before you click through
This is still the free fact layer. Open the official source when a detail affects eligibility, repayment, lender choice, or whether this path should stay on your shortlist.
Who qualifies?
Qualified first-time homebuyers, Repeat buyers purchasing in Areas of Economic Opportunity, Borrowers using an eligible Virginia Housing bond FHA or Conventional loan
What support do you get?
The official Virginia Housing consumer page describes a down payment assistance grant that can reduce the time needed to save for a down payment, but the cited page does not publish a fixed dollar amount or percentage.
Do you repay it?
The official Virginia Housing page states the Down Payment Assistance Grant is a true grant and never needs to be repaid.
How do you apply?
Work with a Virginia Housing approved lender, use an eligible Virginia Housing bond FHA or Conventional loan, and satisfy Virginia Housing household-income and sales-price or loan-limit requirements for the grant.
Application timing
The lender reserves the DPA Grant in Mortgage Cadence with the first mortgage; the grant follows the first-mortgage rate lock, expires with that lock, and is funded by the originating lender at closing.
Official source evidence
The official Virginia Housing Down Payment Assistance Grant page says the program is a true grant that never needs to be repaid, and that it is limited to qualified first-time buyers or repeat buyers in Areas of Economic Opportunity using eligible Virginia Housing bond loans.
View official source
Last verified
2026-04-19
Effective date not captured.
Paid preview
What paid access adds for Virginia Housing Down Payment Assistance Grant
See the shape of the comparison output, risk checks, lender questions, and next-step checklist before you decide whether this program is worth carrying into the paid layer.
Example paid output for this program. The free page stays visible either way.
Comparison preview
Virginia Housing Down Payment Assistance Grant
Amount: The official Virginia Housing consumer page describes a down payment assistance grant that can reduce the time needed to save for a down payment, but the cited page does not publish a fixed dollar amount or percentage.
Repayment: The official Virginia Housing page states the Down Payment Assistance Grant is a true grant and never needs to be repaid.
First-time buyer: Not required
Timing: The lender reserves the DPA Grant in Mortgage Cadence with the first mortgage; the grant follows the first-mortgage rate lock, expires with that lock, and is funded by the originating lender at closing.
Risk checks preview
What gets flagged before you call a lender
- Virginia Housing Down Payment Assistance Grant requires a participating lender.
Lender questions preview
Questions tied to this exact path
- Is your team approved to originate Virginia Housing Down Payment Assistance Grant for this household and loan setup?
- Which document version should control Virginia Housing Down Payment Assistance Grant right now: program guide, fact sheet, or lender packet?
Action checklist preview
What you would do next
- Review the official Program page for Virginia Housing Down Payment Assistance Grant
- Ask whether your lender is approved for this exact program and loan structure.
