Grant Programs for 1st Time Home Buyers & Repeat Home Buyers  are available to help reach your home ownership goals by providing Down Payment & Closing Costs Assistance that may result in little to no money out of pocket for you!

First Time Home Buyer Grants

Get Down Payment Assistance!

Home Buyer Grants help make the American Dream of Home Ownership a reality, yet 70% of home buyers don't know that these programs exist!  If you are considering buying a home in any of the 7 cities of Hampton Roads (Virginia Beach, Chesapeake, Norfolk, Portsmouth, Suffolk, Hampton & Newport News), there are down payment assistance programs  and home buyer grants which may be open to you.  

Programs exist for the following types of home buyers:

Depending on the grant, funds can range from $5,000 to $40,000 and some grant programs allow you to combine programs for even greater savings! Furthermore, if all the specific grant criteria are met, these funds do not have to be paid back.

A Few Things to Know:

  • Certain Criteria Must be Met-- All grants require that the buyer is an owner occupant who will be using the home as his or her primary residence. Depending on the specific program, there are other requirements must be met such as  minimum credit score and income requirements.  
  • Income Requirement for Grants Cover a Wide Range.  Income requirements are generally based on the area's median income based on family size.   The larger the family, the greater the income threshold.  Additionally there are programs that range from 80% of the area's median income all the way up to 115% of the area's median income! 
  • The Definition of a First Time Home Buyer-- For first time buyer specific programs,  a first time home buyer is defined as someone who has never bought a home before or someone who has not owned a home within the last 3 years.  
  • First Come, First Served---Many programs and  grants work on first come, first served basis until funds run out, so it benefits buyers who are considering buying a home this year to apply early to ensure access to funds.

Everyone's situation is unique and the more we know about your specific home ownership plans, the better able we will be to tell you about programs that may work best for you. 

For immediate assistance, please feel free to call me at 757-235-0274

- Liz Schuyler

    RE/MAX Allegiance &

    Home Buyer  Grant Expert

Free down payment & closing costs assistance can be the difference between owning a home or renting. Isn't it worth finding out if you qualify?

Ready to Find Out if You Qualify?

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