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Down Payment Assistance Grant


Photo 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.

DPA Lender Resources:

DPA Program Guidelines and Limits DPA Program Guidelines and Limits 

User Guide: Mortgage Cadence / DPA User Guide: Mortgage Cadence / DPA

DPA flyer for your clients DPA flyer for your clients

Customizable DPA flyer  Customizable DPA flyer



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 No MI 660, Fannie Mae Reduced MI 640.

  • 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.

  • Minimum first mortgage LTV is 90% if the DPA Grant is used with other acceptable non-VHDA funds in accordance with the first mortgage requirements.

  • Grant funds may not be paired with the VHDA Plus Second Mortgage.

  • 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

  • Other program requirements may apply.

Questions About the DPA Grant Program? Please contact your VHDA Business Development Officer or VHDA Single Family Underwriting 800-227-8432.



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