Virginia Down Payment Assistant Grant

Highlights & Terms

  • Maximum grant of 2.5% of the purchase price of the home for first-time homebuyers
  • Reduces monthly payment
  • No repayment required
  • May be combined with Mortgage Credit Certificate (MCC) and other down payment assistance programs

Guidelines & Consideration

  • Household income limits apply
  • Minimum credit score applies
  • All borrowers must contribute a minimum of 1% of the sales price for each transaction. The funds may come from borrower contributions or other acceptable funds in accordance with the Agency guidelines. Gifts are acceptable


Fill out the form below and I will contact you about this program and other options available for first time buyers.

NOTE: First Home Mortgage Corporation does not share or sell your personal information with outside companies for promotional use.

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