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Down Payment Assistance Grant

NEW 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:

Find A Lender





Program Updates

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. Contact a VHDA lender to discuss all eligibility requirements.

Find A Lender 

More Information 

PDF VHDA’s Down Payment Assistance Grant Flyer 


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