Down payment assistance in Virginia

A grant based on the price (percentage set by Virginia Housing for each first mortgage type)

A grant that never has to be repaid, used toward the down payment with a Virginia Housing first mortgage. It can be combined with non-Virginia Housing assistance, but not with the Plus Second Mortgage or the Closing Cost Assistance Grant. A separate Closing Cost Assistance Grant of up to 2% is available with Virginia Housing VA and USDA loans.

Who qualifies: First-time buyers (unless buying in a targeted area); lower income limits than Virginia Housing’s standard limits; at least a 1% down payment.

Virginia Housing · Agency website → · Checked 2026-09-30

Covers the down payment: borrow up to 1.5% more than the sales price in total

A 30-year fixed-rate second mortgage paired with a Virginia Housing first mortgage, so you can buy with 0% down and may cover some closing costs.

Who qualifies: First-time and repeat buyers within Virginia Housing’s standard income limits, including buyers whose income is too high for the grant.

Virginia Housing · Agency website → · Checked 2026-09-30