Virginia Housing and Community Development Corporation

Virginia PILOT DPA/CCA

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

Virginia PILOT DPA/CCA

The Virginia PILOT Down Payment Assistance Program provides assistance to first-time homebuyers whose household income is not more than 60% of the area median income (AMI).

HOAP enrollees may receive up to $50,000 toward down-payment and closing costs. Assistance is provided in the form of a grant with a mandatory affordability period for the applicant to continue occupying the home as the primary residence. The grant is subject to funds availability.

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 60% AMI limits.
Debt-to-income ratio less than 45%, with possible consideration up to 50%.
Minimum FICO score of 620.
No open collections or judgments.
Contribution of one percent (1%) of the sales price from personal funds.

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 (60% AMI)

PILOT DPA/CCA income limits by household size
MSA/Metro Area	1	2	3	4	5	6	7	8
Hampton Roads	$45,240	$51,720	$58,200	$64,620	$69,840	$75,000	$80,160	$85,320
Franklin City	$40,320	$46,080	$51,840	$57,600	$62,220	$66,840	$71,460	$76,080
Henrico County	$47,700	$54,480	$61,320	$68,100	$73,560	$79,020	$84,480	$89,940
Isle of Wight	$44,760	$51,120	$57,540	$63,900	$69,060	$74,160	$79,260	$84,360
Northampton County	$36,300	$41,460	$46,620	$51,780	$55,980	$60,120	$64,260	$68,400
Petersburg	$47,700	$54,480	$61,320	$68,100	$73,560	$79,020	$84,480	$89,940
Pittsylvania County *	$33,600	$38,400	$43,200	$47,940	$51,780	$55,620	$59,460	$63,300
Richmond	$47,700	$54,480	$61,320	$68,100	$73,560	$79,020	$84,480	$89,940
Southampton County	$40,320	$46,080	$51,840	$57,600	$62,220	$66,840	$71,460	$76,080

Note: The Virginia PILOT 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.