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:
New Program Updates - Effective Sept. 7, 2016
About VHDA’s Down Payment Assistance Grant:
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.
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Learn about the VHDA First Time Home Buyers Class