This Homebuyer Grant provides eligible first-time homebuyers who work in vital, community service-oriented roles, such as education, public safety, military, and healthcare with funds to help with the down payment and closing costs.
Continue reading for more information about this amazing opportunity from Virginia Housing!
About the Community Heroes Grant:
The grant is exactly $10,000, and the best part is: it’s a gift from Virginia Housing, not a loan. This means it does not have to be repaid! This grant can be used when any of the following VH options are being used (as allowable for the program and with VH requirements):
- SPARC Rate Reduction
- FirstHome Dream Rate Reduction
- Plus Second Mortgage
- DPA Grant
- CCA Grant
Who is Eligible?
The grant is available to first-time homebuyer (or homebuyers who have not owned or occupied a primary residence in the last 3 years) working in a community-service role. Eligible professions include:
- Educators (Teachers, Administrators, Staff)
- Law Enforcement Officers
- Firefighters
- First Responders (EMTs, Paramedics)
- Military Personnel (Active Duty, Reserves, National Guard)
- Heathcare Workers (Nurses, Doctors, Technicians)
What are the Key Requirements?
- First Mortgage Requirement: The grant must be used in conjunction with a Virginia Housing First Mortgage loan Product.
- Lender Requirement: You must work with a Virginia Housing-approved lender, like Southern Trust Mortgage
- Homebuyer Education: All first-time homebuyers must complete a Virginia Housing-approved Homebuyer Education Course.
- Community Heroes Certification: All borrowers must complete and sign the required Community Heroes Certification Form.
- Documentation: Borrowers must provide employment and income documentation to verify they meet the Community Heroes definition and Virginia Housing’s standard borrower qualifications. (Additional documentation may be requested if needed.)
- Income Limits: Borrowers must meet Virginia Housing’s Standard / Bond income limits. Click here to see the current income limits.
- Additional Requirements: Other program requirements apply. The best way to confirm your eligibility is to contact a loan officer.
Ready to Claim Your Grant? Act Fast!
Funds are limited! Don’t miss out on this $10,000 grant that can help make homeowership a reality. Contact us today to find out if Virginia Housing’s Community Heroes Grant is right for you and get started on your journey to homeownership today!
