Virginia Down Payment Assistance Programs
Buy Your First Home with No Money Down
If You Want Your First Home, Talk To Us Today
- Get Up To $25,000 In Down Payment Assistance.
- Free Information On Getting Qualified For Programs.
- No Cost, No Obligation, No Pressure - Just A Conversation To Get To Know You.
- Get The Most Up-To-Date Information On Down Payment Assistance.
- Prequalification Doesn't Affect Your Credit Score.
Virginia’s Best First-Time Home Buyer Loans
Virginia’s Best First-Time Home Buyer Loans
Ready to start investing in yourself by purchasing your very first home? The My Home Mortgage Team is here to ensure you have a stress-free experience in doing so! Buying your first home in Virginia has been made a little easier with a host of down payment assistance programs from the state of Virginia. They help first-time home buyers with down payment and closing costs, so you can own the home of your dreams without the financial barriers. Get in touch with our experienced staff today to get started!
Virginia Down Payment Assistance Programs
We have been helping first-time home buyers through the home buying process for over 25 years. Our team is well-versed in the home buying process and is able to help find the right program for you to get into your first home faster, and for less money. We at The My Home Mortgage Team will discuss the different down payment assistance programs available to you. From there, we take the time to understand your goals to find the program that you would benefit from the most.
Statewide Assistance Programs
There are several down payment assistance programs in the state of Virginia to help first-time home buyers get the keys to their very own place. Keep in mind, a first-time home buyer is defined as someone that has not owned a home in the last three years. However, even if you have owned a home more recently than that, there are still programs available to help you receive down payment assistance. Just give our team a call today, and we will walk you through our stress-free process!
Virginia Down Payment Assistance Programs Available
From statewide down payment assistance programs, to programs that cater to residents in certain counties within Virginia, there are plenty of resources out there for you to buy your first home. The My Home Mortgage Team is here to help you navigate the different programs to find the one that’s the best fit for you. There are a host of assistance programs available to you, including:
- VHDA Plus Second Mortgage – VHDA (Virginia Housing Development Authority) is a program that will cover your entire down payment on a home, as well as a portion of your closing costs. You typically combine this kind of program with a conventional or FHA (Federal Housing Administration) first loan, depending on what you qualify for. Did you know you only need to have 1% of the sale price in your own funds for this program? Call The My Home Mortgage Team today to talk through more details about this program and discover the different options you have, including buying your first home for just 1% of the sale price!
- Conventional No Mortgage Insurance – This program is a great option if funds aren’t an issue. You can take advantage of receiving a conventional loan, without having mortgage insurance. If you decide to go with this program, you only have to put 3% down on a home. The best part? This program does not require you to be a first-time home buyer! Get in touch with us today for more details!
- DPA Grant – This program is a grant, meaning you don’t pay it back. It helps first-time home buyers by covering a portion of the down payment on a home. This grant, combined with our help at The My Home Mortgage Team, can help to lower the amount of cash you need to move into your first home. Call us today to learn more.
Additional Virginia Down Payment Assistance Programs:
- Chenoa Fund Rate Advantage
- Chenoa Fund DPA Edge: Soft Second
- Chenoa Fund DPA Edge: Repayable Second
- Fannie Mae (FNMA) HFA Preferred™ with Reduced Mortgage Insurance (MI) (Conventional)
- VHDA Closing Cost Assistance Grant
- Arlington Moderate Income Purchase Assistance Program (MIPAP)
- Arlington VHDA Community Homeownership Revitalization Program (CHRP)
- Arlington Live Near Your Work
- Fairfax County First-Time Buyers Program
- Loudoun County Down Payment/Closing Cost Assistance Program (DPCC)
Interested in learning more about the different down payment assistance programs in Virginia? Contact us at The My Home Mortgage Team today for additional information.
City and County Down Payment Assistance Programs In Virginia
While there are a host of statewide down payment assistance programs available to Virginia residents, there are also several programs that are available to residents that live in certain cities and counties within the state, including:
- Arlington County
- Fairfax County
- Loudoun County
- And More!
Purchase Your Dream Home Today
We at The My Home Mortgage Team are here to help you find out your true options. We take the time to understand your goals, and we work tirelessly to help you receive the best down payment assistance out there, so you can become a homeowner faster, while paying less. Contact us today to start the pre-qualification process, and we will take it from there!
Testimonials
Patient & Helpful
Tammi was very patient and very helpful throughout the entire application process. Being a first-time home buyer I didn't know a lot of this which made me frustrated but I was able to get approved and now I am a homeowner thanks to Tammi!
— James C.
No Pressure or Stress!
Tammi Lewis made my home buying experience very easy. I felt no stress or pressure. Tammi was with me every step and made sure I understood everything with detailed talks. My credit score was low and Tammi advised me how to raise it. So that the Loan process would be approved with no problems. Any one know that wants to buy their first home I am recommending Tammi Lewis and First Home Mortgage.
— Charlie F.
Professional & Timely
Rob made sure my experience as a first time home buyer was smooth and painless. Very professional and got things done in a timely manner. Could not have asked for more!
— Samantha J.
Great Experience for a New Homeowner
Rob was at all times, willing to go over the numerous pages of information with me. I am a new homeowner and had many as this was my first time navigating the home-buying waters. He explained things to me in a way that I understood and got me all of my documents in a timely and efficient manner. I enjoyed working with him and would refer him to anyone who is looking.
— Erica F.