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;
1 person 2 person 3 person 4 person 5 person 6 person 7 person 8 person
$49,150 $56,150 $63,150 $70,150 $75,800 $81,400 $87,000 $92,600

 

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 2017

Application – January 2017

DPA Spending Plan