(703) 221-4510 info@cfhva.org

Down Payment Assistance Program

 

Jan 30th, 2017

 

Virginia Department of Housing and Community Development (DHCD)

 

Catholics for Housing (CFH) will continue to administer the VA Department of Housing & Community Development (DHCD) Down Payment Assistance Program (DPA) in four Northern Virginia Counties – Prince William, Fairfax, Arlington and Loudoun.  CFH has helped 14 applicants realize their dream to become a homeowner.

CFH is currently accepting applications for this program.  Eligibility requirements include:

  • Gross household income from all sources cannot exceed 80% of the area median income, adjusted for household size;
  • Assets cannot exceed 10% of the cost of the property being purchased;
  • Down payment from the buyer must equal at least 1% of the cost of the property being purchased;
  • Applicants must identify the property and secure a first mortgage from a VHDA approved lender;
  • Applicants must take a VHDA homeownership class; locations are on the VHDA website
  • Applicants must take a CFH homeownership workshop;

 

Current (April 2017) Income Eligibility for CFH NoVA DPA (updated with HUD’s most recent figures):

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
$52,550 $60,050 $67,550 $75,050 $81,100 $87,100 $93,100 $99,100

 

Details are found in the Application Guidelines.  Contact 703-221-4510 or email info@cfhva.org for an application.

 

CFH is a 501(c)(3) organization 37 years’ experience in providing affordable housing opportunities for low-to moderate income households in Northern Virginia.  CFH provides senior rental assistance in Fairfax County, security deposit assistance throughout the service area, rental and homeownership opportunities and a comprehensive life skills program.

 

Program Documents

Applicant Guidelines – January 2018

Application – January 2018

DPA Spending Plan 2018