Compare Assistance Types
Virginia Down Payment Assistance
Use these options as a conversation starter. Adam will check current funding, your eligibility, the mortgage pairing and lender participation before including assistance in your plan.
Virginia Housing Down Payment Assistance Grant
Grant with ConditionsA resource to review with an eligible Virginia Housing first mortgage and current buyer requirements.
How it works: A grant differs from a second mortgage. Confirm current eligibility, mortgage pairing and funding before counting it in your purchase.
Official Virginia Housing Down Payment Assistance Grant Details (opens in a new tab)Closing Cost Assistance Grant
RHS / VA Loan PathClosing-cost help for eligible Virginia Housing Rural Housing Service or VA first mortgages.
How it works: This is a separate program from the down payment grant. Ask which costs, buyers and first mortgages qualify.
Official Closing Cost Assistance Grant Details (opens in a new tab)Virginia Housing Plus Second Mortgage
Second MortgageA financing path to review for eligible first-time or repeat buyers using an approved first mortgage.
How it works: A second loan creates a repayment obligation. Review the rate, payment, total financing and cash still needed.
Official Virginia Housing Plus Second Mortgage Details (opens in a new tab)Virginia Housing Down Payment and Closing-Cost Assistance
Virginia Housing offers a Down Payment Assistance Grant with eligible FHA or conventional loans. First-time buyers and certain repeat buyers purchasing in Areas of Economic Opportunity may qualify. A separate Closing Cost Assistance Grant serves qualifying VA or Rural Housing transactions. Ask Adam which mortgage and assistance pairing fits your purchase.
- Check current income and sales-price limits for the property area.
- Ask which first mortgage can be paired with assistance.
- Compare the assisted and unassisted rate, monthly cost and cash to close.
Budget Beyond the Mortgage
Property taxes, homeowners insurance and HOA dues vary across Virginia. A condominium may add project approval and monthly dues. Once you choose a home, ask Adam to update your Loan Estimate using the property’s taxes, insurance and dues.
Prepare for Program Requirements Early
Some options have first-time-buyer, education and participating-lender requirements. Confirm which apply to your specific product and complete any required education before contract deadlines become tight.
More Than One Financing Path
Self-Employed or Buying a Rental in Virginia?
Your documentation and property use matter alongside your buying state. Adam can review standard mortgage options and CCM’s Non-QM paths, including bank statements, 1099 or professional P&L statements, eligible assets and DSCR investor financing.
DSCR is for investment property. Non-QM availability and terms vary by product and property; state assistance should not be assumed to work with these loans.
Put the options together
What Could Work for Your Purchase?
Tell me where in Virginia you’re buying, your timeline and what you have set aside. We can review state and national options, the monthly payment and the cash you may still need.
Review My Homebuying Options
Get help connecting your budget, down payment and loan choices. Leave a short request for Adam to review.
Prefer to talk? Call 304.268.8864Before You Make an Offer
- Ask for the current property tax bill and check whether your bill could change after purchase.
- Get a homeowners insurance quote and check flood coverage needs.
- Confirm HOA dues, assessments and any program-specific property requirements.
- Ask whether assistance funds are available for your loan and closing timeline.
National Down Payment Assistance
State programs are one path. Ask Adam about national down payment assistance options, too. Their rules may differ from state housing-agency programs; the specific product, property and borrower still need a review.
Assistance is not always a grant. Some options create a second loan or require repayment when you sell, refinance or no longer meet program conditions. The rate and total payment may differ from a loan without assistance. Availability, funding and eligibility must be confirmed for your purchase.
Explore national down payment assistance →Questions Buyers Ask
Does every Virginia Housing buyer have to be a first-time buyer?
Rules differ by product. Review the specific first mortgage and assistance rather than applying one rule to all options.
Is there closing-cost help for VA buyers?
Virginia Housing publishes a Closing Cost Assistance Grant for eligible VA and Rural Housing transactions; check current eligibility.
Official State Resources
Program terms and funding can change. Ask Adam to help verify current details with the agency, including lender-participation requirements.