Program Highlights:
- Receive up to 2.5% of the purchase price for FHA loans or 2% for Fannie Mae
- Borrower must contribute at least 1% of the sales price (money can come from a gift)
- Can be used with Virginia Housing Fannie Mae & Virginia Housing FHA
- No repayment required
- Cannot be combined with VA, USDA, Plus Loans, Virginia Housing Conventional bond or other down payment assistance programs
- Must meet income limits