VIDA Matched Savings (through SCDHC)
The Virginia Individual Development Accounts program matches what you save toward a down payment, with training and support along the way.
- Run by
- Southside Community Development & Housing Corporation (SCDHC)
- Serves
- Anywhere in Virginia
- Last checked
Who it's for
- U.S. citizens or legal residents living in Virginia
- Buyers planning to purchase within 4 to 24 months
- Net worth under $10,000 at the end of last year
- Income at or below 80% of area median income
What you get
- A match on your savings: SCDHC lists the current rate as $10 for every $1 you save, up to $10,000 in match
- Financial training and support from SCDHC's counselors
How to start
- Register for and attend SCDHC's VIDA orientation workshop. It's required to enroll.
- Submit the application from the link given at the end of the workshop. A counselor follows up, usually within seven business days.
Good to know
- Matched savings take months to build, so this fits buyers who are a year or more out.
See what else may fit
The free 2-minute check shows which assistance programs may match a home or area you're considering.
Similar programs
- HOME of VA First-Time Homebuyer Program · Nonprofit, HUD-approved counseling agency
- SCDHC Down Payment Assistance and Homebuyer Counseling · Nonprofit, HUD-approved counseling agency
- SCDHC Financial Opportunity Center · Nonprofit
- Commonwealth Catholic Charities Housing & Financial Counseling · Nonprofit, HUD-approved counseling agency
Sources
Program rules, amounts and funding change often, and funds can run out. Confirm everything with Southside Community Development & Housing Corporation before you rely on it. Martin Kurylowski and Real Broker, LLC are not affiliated with this program and are not lenders or administrators of any assistance program. You're free to work with any agent and any lender.