Virginia Housing also offers a down-payment direction grant system, and this presents qualified homebuyers with anywhere between 2 and you may 2.5 per cent of one’s house’s price. Its money you never need to pay straight back.

To qualify, you should be a primary-big date homebuyer, and you need to be approved having an effective Virginia Housing first-mortgage. Income ‘s the important foundation right here – the family relations don’t meet or exceed Virginia Housing’s income limitations. Continue reading →