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VHDA Grant

For Virginia Residents Seeking Down Payment Assistance. Take advantage of the VHDA DPA Grant program! The Virginia Housing Development Authority (VHDA) Down Payment Assistance (DPA) Grant program is a huge success. This beneficial program provides Virginia residents with assistance for down payment costs.
Here is an overview:
  • Qualified first-time homebuyers may receive a percentage of the purchase price to help with the down payment.
  • Eligible borrowers can receive down payment assistance grants of up to 2% of the sales price on VHDA Fannie Mae loans and up to 2.5% on VHDA FHA loans.
  • Buyers must have household incomes at or below program limits.
  • The Down Payment Assistance Grant may be used with eligible VHDA loans only.
  • VHDA’s eligible first mortgage must be locked on or after the program implementation date.
  • The eligible first mortgage must be locked prior to reserving the grant funds.
  • All borrowers receiving this grant are eligible for a Mortgage Credit Certificate (MCC). Borrowers must apply for a MCC and receive a MCC commitment/approval prior to closing. A MCC is a dollar-for-dollar credit against your federal income tax liability.
  • Other program requirements may apply.
Contact a George Mason Mortgage Loan Officer to discuss all eligibility requirements.


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