Down Payment Assistance Grant Information for Lenders

The Down Payment Assistance Grant is a true grant, meaning it does not have to be repaid.

To receive a Down Payment Assistance Grant, a homebuyer must:

• Be a first-time homebuyer or repeat buyer purchasing in Areas of Economic Opportunity
• Have a bond FHA/Conventional loan from Virginia Housing
• Have a household income within Virginia Housing’s income limits
• Be within Virginia Housing’s sales price / loan limits

The Down Payment Assistance Grant may only be used with eligible Virginia Housing loans.