We've been very pleased with the outstanding response to our pilot 3% Down Payment Assistance grant program; demand has clearly exceeded all expectations!
In response to its success, VHDA is extending the program through Sept. 30, 2015, at which time no additional reservations will be taken and we will begin evaluation of the program for possible allocations in future years.
Our hope is that the 3% Down Payment Assistance program will continue to help first-time homebuyers take advantage of current low interest rates, increasing homeownership opportunities for many more Virginians during this peak homebuying season.
Remember, funds are available on a first-come, first-served basis and must be allocated by Sept. 30, 2015. For details including a list of participating lenders, visit vhda.com/3percent.
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