Virginia Department of Housing and Community Development
(DHCD) HOMEownership Down Payment & Closing Cost Assistance Program
CFH, Inc. administers the Virginia Department of Housing & Community Development (DHCD) Down Payment Assistance & Closing Cost Assistance Program (DPA) in the following Northern Virginia Areas:
Alexandria Leesburg
Arlington County Loudoun County
Town of Dumfries Manassas City
Fairfax City Manassas Park
Fairfax County Prince William County
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; see options on the VHDA website
- Applicants must take a CFH homeownership workshop
Down Payment & Closing Cost Assistance
HOME Program Income Limits and Household Size Chart, effective July 1, 2020
One Person Two Persons Three Persons Four Persons Five Persons Six Persons Seven Persons Eight Persons
|
$57,650 |
$65,800 |
$74,100 |
$82,300 |
$88,900 |
$95,500 |
$102,100 |
$108,650 |
More details are found in the Program Documents below:
Contact 703-221-4510 or email dpa@cfhva.org with any questions.
“CFH is a 501 (c)(3) organization providing affordable housing opportunities to limited-income individual and families throughout Northern Virginia. CFH provides a continuum of housing through life skills training, senior rental assistance and down payment assistance, security deposit assistance, rental homes in Vienna, Arlington, Fairfax and Fredericksburg and homeownership opportunities.”