Affordabale housing programs, and down payment assistance are also available to our community partners.  These are our current and retired law enforcement officers, educators, firefighters, health care workers and other first responders.  The definition for health care worker and educator is broad and typically if you work for and get paid by a school or hospital, you may still be eligible!  In addition, for this program, community partners do not have to be first time homebuyers.  Funds are available for either the down payment, closing costs or principal reduction in an amount up to $7,500.00.

General DPA (Down Payment Assistance)  and Grant Criteria

  • Owner Occupancy applies.  One must live in the home as an owner occupant for a minimum of 5 years, otherwise the funds must be paid back on a prorated basis.
  • Income Limits apply and are based on family size (the number of people living in the home) for the area's median income. To qualify, income must be equal to or less than 80% of the area's median income based on family size. The HUD median income for the Hampton Roads metropolitan area is $70,500.00.
  • Funds are available on a first come, first served basis and are used until the money runs out and the program refunds which has typically been in January of the following year
  • Minimum Buyer Contribution of $1,000.00 applies and funds are matched on a 4:1 basis. For example, with a minimum $1,000.00 contribution, the buyer receives $4,000.00 in matching funds.

Ready to Learn More?

Community Partners

Ready to Find Out if You Qualify?

Free down payment & closing costs assistance is sometimes the difference between owning a home or renting. 

These grants can help!

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

- Liz Schuyler

    RE/MAX Allegiance &

    Home Buyer  Grant Expert

Copyright 2015 Liz Schuyler, RE/MAX Allegiance. All Rights Reserved.

4000 Virginia Beach Blvd. #164 Virginia Beach, VA 23452

Each Office Independently Owned & Operated.

Privacy Policy