Virginia Department of Housing and Community Development (DHCD)
State Housing Agency
The Virginia Department of Housing and Community Development (DHCD) is a state agency focused on creating safe, affordable, and prosperous communities in Virginia. DHCD offers various programs and services to assist with housing needs, such as down payment and closing cost assistance, home rehabilitation loans, and rental assistance. Through partnerships with local governments and non-profit organizations, DHCD promotes sustainable economic growth and improve the quality of life for residents.
Second Mortgage Programs Offered by Virginia Department of Housing and Community Development (DHCD)
HOMEownership Down Payment Assistance Program
Best For: First Time Homebuyers, Zero Down
Up to 10% of price or value in forgivable down payment and closing cost assistance for Virginia first time homebuyers
Min. Credit Score
620
Min. Down Payment
0%
Max. Loan Amount
$766,550
Up to 10.00% of 1st Loan Amount Program Benefit Amount
HOMEownership Down Payment Assistance Targeted
Best For: First Time Homebuyers, Zero Down
Up to 15% of price or value in forgivable down payment and closing cost assistance in targeted Virginia areas.
Min. Credit Score
620
Min. Down Payment
0%
Max. Loan Amount
$766,550
Up to 15.00% of 1st Loan Amount Program Benefit Amount
See If You Qualify for Virginia Department of Housing and Community Development (DHCD) Loans
* ReviewMyMortgage.com Inc. is in no way affiliated with or endorsed by the Virginia Department of Housing and Community Development or any of its subsidiaries. We are an educational resource website that compiles information on different financing institutions and the loan products they offer in the United States.
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