Are you a First Generation Homebuyer?
You may be eligible for a $15,000 grant for down payment and closing costs! Eligible borrowers could combine this grant with VHFA ASSIST to receive up to $25,000 - $30,000 for down payment and closing cost assistance! The funding for the grant is available on a first-come, first-served basis while funds last.
What is the definition of a First Generation Homebuyer?
All borrowers and non-borrowing spouses must be true-first time homebuyers, AND EITHER
- Parents or legal guardians of ONE borrower do not currently own a home, OR
- One borrower has been placed in foster care at any time in their life.
Other credit, income, asset and property eligibility requirements apply. The First Generation Program grant is available exclusively with a VHFA loan program (MOVE, MOVE MCC, and ADVANTAGE when available).
Contact a Participating Lender!
This grant opportunity is only available through certain local participating lenders. Contact a VHFA First Generation Homebuyer Program participating lender from the list below and ask if you are eligible. The grant may be reserved with a VHFA mortgage only after you find a home, sign a purchase and sale agreement, and the lender determines that you meet all of the eligibility requirements.