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Find Homeownership Incentives

Virginia - FHA Insured

First Time Homebuyers Nationwide

Type Of Program

Home Purchase Mortgage

Program distribution

Program Originator

Federal Housing Authority

Amount

$3.50

Contact

Blocks

Location
Description

First time home buyers may qualify for 3.5% down payment (or as low as 1% down with Down Payment Assistance Grant or 0% down with our Plus Second Mortgage)


Eligible for Virginia Housing DPA Grant, Virginia Housing MCC, and Virginia Housing Plus Second Mortgage

AMI Limit

AMI

Employer Participation Required

No

Must Earn Counseling Certificate

Yes

Eligibility Limitations

*Borrower maximum net worth cannot exceed 50% of purchase price *First time home buyers only

Cash Sale Permitted

Cosigner Permitted

Owner Financing Permitted

Must be Primary Residence

Yes

Program Provider's Contact Name

Program Provider's Address

601 S. Belvidere Street Richmond, VA 23220

Program Provider's Phone

8002278432

Program Provider's Email

Homeownership@vhda.com