Are you thinking of buying your first home in Virginia? Would you benefit from a free gift of money to help you be able to purchase that first home? Unfortunately, the state of Virginia does not currently provide free grant money for its residents who are first time home buyers and need help getting the down payment and closing costs as some other states do. However, there is still Federal Grant money available as well as home grants from private foundations. This is free money that shouldn’t be passed up! The grant awards can be in the thousands of dollars. It will be well worth your time to educate yourself about the grant programs that are available to you.
The Virginia Housing Development Authority exists to help Virginians achieve one of life’s fundamental dreams: having a place to call home. VHDA is a self-supporting, not-for-profit organization created by the Commonwealth of Virginia in 1972, to help Virginians attain quality, affordable housing. VHDA provides mortgages, primarily for first-time homebuyers and developers of quality rental housing. They offer loan programs tailored for first-time homebuyers as well as homeowners who want to buy in Areas of Economic Opportunity. To get complete details of the programs offered, please visit this website for more details.
Here is the contact information for the Virginia Housing Development Authority:
Virginia Housing Development Authority
Homebuyer Department
601 S. Belvidere Street
Richmond, VA 23220
Toll Free: 800-227-8432
Local: 804-783-6725
email: vhdacomm@vhda.com
Federal First Time Home Buyer Grants
Besides the state programs, there are federal funds and grants available in Virginia through the Homes and Communities program of the United States Department of Housing and Urban Development. On their website you’ll find complete grant information, application forms that can be readily printed out, description of available funds, as well as many other helpful tools.
Every potential home buyer should investigate what they have to offer. You can visit the website by going here: US Dept. of Housing and Urban Development. Also, there is a website that has an exhaustive list of all home buyer grant programs available through the United States Federal Government: Grants.gov. You should plan to spend the required time investigating to determine how many individual grants you may qualify for. You can visit the website by going to Grants.gov and search for other opportunities to get the available grants.
Other Grants in Virginia
In addition to the grant programs described above, the U.S. Department of Housing and Urban Development provides home buyer assistance and grants in every state. There are multiple grant programs designed specifically for people that meet certain requirements, such as grants for people with disabilities so they can continue to live independently at home. It is worth visiting HUD’s website to see what assistance is currently available. For your convenience, simply go to this page.
Here is the contact information for the HUD office in Virginia:
Richmond Field Office
600 East Broad Street
3rd Floor
Richmond, VA 23219-4920
Phone: (804) 822-4805
Fax: (804) 822-4984
There are also these local programs:
Arlington County Moderate Income Purchase Assistance Program (703) 486-0626
Loudoun County Down Payment and Closing Cost Assistance Program (DPCC) (703) 777-0389
Norfolk HOME Program (757) 623-1111
Portsmouth The Center for Community Development Affordable Housing for First Time Homebuyers (FTHB) (757) 399-0925
Richmond Direct Homeownership Assistance Plus (DHAP) (804) 354-0641
Richmond Keystone Program Direct Homeownership Assistance (DHA) (804) 354-0641
