VHDA Just Announced A 5 Million Grant Program For Home Buyers

Dated: 03/12/2015

Views: 779

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VHDA just announced a $5 million grant program for home buyers....

Program Highlights: 

  • Grant program covers up to 3% of down payment (can only be used for down payment)                                                                                                                                                                                                                         

  • Virginia only                                                                                                                                                                                                                                                                                                  

  • Buyers can get a VHDA conventional loan with NO mortgage insurance and have the 3% required down payment paid with this grant                                                                                                                                                                                                                                                     

  • No matching or minimum contribution from the borrower                                                                                                                                               

  • Cannot be used in conjunction with any other grant or down payment assistance program                                                                                                                                                                                                                        

  • Borrowers must meet standard VHDA requirements and adhere to the maximum income and purchase price limits per location as shown in this PDF link: DPAsst3PercentProgramLimits.pdf


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Melody Visser

Melody Hall Visser is a passionate Realtor who lists, sells, and dwells in Northern Virginia. Currently, she serves as a REALTOR at eXp Realty, LLC. As a life-long resident of Virginia, Melody has....

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