Virginia Housing and Community Development Corporation

HOMEownership DPA/CCA

Down-payment and closing cost assistance for eligible first-time homebuyers.

HOMEownership Down Payment and Closing Cost Assistance

The HOMEownership Down Payment and Closing Cost Assistance (DPA/CCA) program provides flexible gap financing for first-time homebuyers at or below 80 percent of area median income (AMI) to purchase homes that are safe, decent, and accessible.

The assistance is provided in the form of a grant with a mandatory affordability period for the applicant to continue occupying the house as the primary residence. An income eligible homebuyer may receive up to 10 percent or 15 percent within approved areas, for a maximum of $25,000 of the sales price, plus up to $1,200 to pay eligible closing costs.

Participant requirements

Enrollment in the VHCDC Home Ownership Assistance Program (HOAP) and full compliance with its terms and conditions.
Completion of First-Time Home Buyers College (15 hours of pre-purchase housing education).
Two pre-purchase housing counseling sessions.
Three consecutive months of personal financial statements verified by account statements, pay stubs, and financial statements.
Monthly communication of progress on work plan tasks, savings, debt resolution, and related goals.
Household income within applicable adjusted household income limits.
Debt-to-income ratio less than 45% and no open collections or judgments.

Required documents

Letter of Pre-Approval from a mortgage lender, including Loan Estimate.
Documentation of gifts and gift letters.
Documentation of down-payment assistance grants and closing cost assistance.
Ratified purchase agreement.
Unexpired Virginia Driver License or Virginia I.D. Card.
Appraisal report.
Paycheck stubs, W-2s, federal income tax returns, and self-employment documentation as applicable.
SSI/SSDI, child support, spousal support/alimony, retirement income, and bank/brokerage statements as applicable.

2026 Adjusted Household Income Limits

HOMEownership DPA/CCA income limits by household size
MSA/Metro Area	1	2	3	4	5	6	7	8
Hampton Roads	$60,350	$68,950	$77,550	$86,150	$93,050	$99,950	$106,850	$113,750
Franklin City	$53,800	$61,450	$69,150	$76,800	$82,950	$89,100	$95,250	$101,400
Henrico County	$63,600	$72,650	$81,750	$90,800	$98,100	$105,350	$112,600	$119,900
Isle of Wight County	$60,350	$68,950	$77,550	$86,150	$93,050	$99,950	$106,850	$113,750
Northampton County	$48,350	$55,250	$62,150	$69,050	$74,600	$80,100	$85,650	$91,150
Petersburg	$63,600	$72,650	$81,750	$90,800	$98,100	$105,350	$112,600	$119,900
Pittsylvania County *	$44,750	$51,150	$57,550	$63,900	$69,050	$74,150	$79,250	$84,350
Richmond	$63,600	$72,650	$81,750	$90,800	$98,100	$105,350	$112,600	$119,900
Southampton County	$53,800	$61,450	$69,150	$76,800	$82,950	$89,100	$95,250	$101,400
Surry County	$60,350	$68,950	$77,550	$86,150	$93,050	$99,950	$106,850	$113,750
Northern VA/DC/MD	$74,800	$85,450	$96,150	$106,800	$115,350	$123,900	$132,450	$141,000

Note: The HOMEownership Down Payment Assistance grant is provided in the form of a second mortgage loan that may be forgivable based upon the amount awarded. Enrollment in the Home Ownership Assistance Program is required. Additional terms and conditions apply. Updated May 28, 2026.