Looking for a down payment program for Arlington County? The average price of a home in Arlington County was $683,963 during June, what do you do if you want to buy a home but just can’t quite find the cash to be able to buy into such a competitive market? The VHDA is here to help.
The Virginia Housing Development Authority (VHDA) offers several programs to help prospective buyers (and not just in Arlington County).
The down payment assistance program is a GRANT with no repayment of 3-3.5% of the sale price to be used toward a down payment on a property. There are several other requirements to qualify:
Max Household Income With 2 or Less People: $97.520
Max Household Income with 3 or More People: $113,840
Max Sale Price: $500,000
For more information on the program and how to apply, click here.