Virginia Down Payment Assistance Pilot
A forgivable second mortgage for first-time buyers at or below 60% of area median income, with homeownership education and counseling built in.
- Run by
- Virginia Department of Housing and Community Development (DHCD), through local nonprofit providers
- Serves
- Anywhere in Virginia
- Last checked
Who it's for
- First-time homebuyers
- Total household income at or below 60% of area median income
What you get
- DHCD's 2025 guidelines describe a forgivable second mortgage of at least $20,000 and up to $50,000, including closing costs
- One-fifteenth is forgiven each full year you keep the home as your main residence, so it's fully forgiven after 15 years. Sell or move out earlier and you repay the rest.
- Pre-qualification screening, homeownership education and housing counseling
How to start
- Contact one of the pilot's local administrators, listed on DHCD's down payment assistance page.
Good to know
- Funds are first come, first served and set per fiscal year, so confirm a provider has money.
- DHCD allows it alongside Virginia Housing's assistance, SPARC and VIDA, but not alongside DHCD's other down payment program.
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
- City of Richmond Employee Homebuyer Assistance · Employer program
- SCDHC Down Payment Assistance and Homebuyer Counseling · Nonprofit, HUD-approved counseling agency
- VIDA Matched Savings (through SCDHC) · Nonprofit
Sources
Program rules, amounts and funding change often, and funds can run out. Confirm everything with Virginia Department of Housing and Community Development 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.