Down Payment Assistance Programs in Virginia

A lot of buyers assume they need 20 percent down to buy a home, and that assumption alone keeps some people from starting the process. Virginia has several programs that can help close the gap, and it's worth knowing what's out there before you rule yourself out.

Virginia Housing's Down Payment Assistance

Virginia Housing offers grants and low-interest second loans that can be paired with an eligible first mortgage to cover part of your down payment or closing costs. Income limits and purchase price caps apply, and they vary by area.

FHA and USDA Loans Still Help

Even without a dedicated assistance program, an FHA loan requires as little as 3.5 percent down, and a USDA loan in eligible rural areas can require none at all. Combining one of these with a gift from family can close the gap even further.

What Counts as an Eligible Buyer

Most of these programs are aimed at first-time buyers, though some make exceptions if you haven't owned a home in the past three years. Income limits are typically based on household size and county, so the same program can look different depending on where you're buying.

Talk to a Lender Early

Not every lender participates in every assistance program, so it matters who you work with. I connect buyers with local lenders who know these programs well and can tell you quickly whether you qualify.