Down Payment Assistance Grant



Helping first-time homebuyers reach their dreams.

VHDA's Down Payment Assistance (DPA) grant can provide eligible first-time homebuyers with funds needed for their down payment.


Take the first step to see if you may qualify for this grant by contacting a VHDA-approved lender:

Learn More:Find A Lender

Program Updates

Effective January 11, 2017

About VHDA's Down Payment Assistance Grant:


  • Qualified first-time homebuyers may receive a percentage of the purchase price to help with the down payment.
  • Maximum grant will be 2 - 2.5 % of the purchase price, based on the down payment required for the eligible VHDA loan.
  • Minimum credit score: FHA 620 , Fannie Mae 660
  • Maximum 45.00% DTI
  • Buyers must have household incomes at or below program limits.
  • Down Payment Assistance Grant may be used with eligible VHDA loans only.
  • Grant funds may not be used in combination with other down payment assistance resources (including FHA Plus).
  • Down Payment Assistance Grant has no repayment.
  • VHDA's eligible first mortgage must be locked on or after the program implementation date.
  • The eligible first mortgage must be locked prior to reserving the grant funds.
  • All borrowers receiving this grant are eligible for a Mortgage Credit Certificate (MCC). Borrowers must apply for an MCC through an approved MCC lender and receive an MCC commitment / approval prior to closing. (An MCC is a dollar-for-dollar credit against your federal income tax liability. For information about MCCs, visit vhda.com/MCC.)
  • Other program requirements may apply. Contact a VHDA lender to discuss all eligibility requirements.

Learn More:Find A Lender

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