May 21, 2015

3% Down Payment Assistance Grant: Helping First-time Homebuyers Reach Their Dreams

Today’s post originally appeared in VHDA’s Spring 2015 eNews. Sign up for VHDA eNews.

VHDA's new grant program can help qualified first-time buyers by providing funds for the down payment -- up to 3 percent of the home's purchase price. What's more, no repayment is required!

This grant may only be used with VHDA's Conventional, FHA and Fannie Mae No MI programs, and there are program limits on household income and sales price. Funds are available on a first-come, first-served basis and must be allocated by June 30, 2015. For full details including a list of participating lenders, visit vhda.com/3percent.
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