Down Payment Assistance (ASSIST)
- $10,000 maximum assistance.
- 0% deferred loan with no monthly payments.
- Must be used for down payment and closing costs.
- Repaid at sale, refinance or mortgage payoff.
- Borrowers and non-borrowing spouses must be true first-time homebuyers.
- Borrowers and non-borrowing spouses combined liquid assets must be less than $30,000.
- May be combined with First Generation Homebuyer Program for additional down payment and closing costs.
Available only when using a VHFA Loan Program. Borrowers and non-borrowing spouses must meet eligibility requirements for a VHFA first mortgage.
To see who this program has served, go to Down Payment Assistance Dashboard.
First Generation Homebuyer Program
- $15,000 grant, no repayment.
- Must be used for down payment and closing costs.
- Borrowers and non-borrowing spouses must be true first-time homebuyers.
- Borrowers and non-borrowing spouses combined liquid assets must be less than $30,000.
- May be combined with VHFA ASSIST for additional down payment and closing costs.
- At least one person taking title must attest to (1) my parents or legal guardians do not have and during my lifetime never had any residential ownership interest in any State, OR (2) my parents or legal guardians lost ownership of a home due to foreclosure, short sale, or deed-in-lieu of foreclosure and have not owned a home since that loss, OR (3) that at any time has been placed in foster care.
Available only when using a VHFA Loan Program. Borrowers and non-borrowing spouses must meet eligibility requirements for a VHFA first mortgage. Grants available on a first-come, first-served basis while funding lasts.
To see who this program has served, go to First Generation Homebuyer Program Dashboard.