Community Heroes Grant

This grant provides eligible first-time homebuyers with $10,000 to put towards down payment and closing costs. It is a true grant that never has to be repaid. Qualifying careers include:

• Educators and school personnel
• Childcare workers
• Law enforcement officers, firefighters and first-responders
• Healthcare workers
• Active duty and military Veterans, Coast Guard, National Guard and Reservists
• Retirees of any eligible Community Hero professions listed above

To receive a Community Heroes Grant, you must:

• Work in or be retired from a qualifying career. Confirm eligibility with your Virginia Housing approved lender.
• Be a first-time homebuyer according to Virginia Housing guidelines.
• Finance the home purchase with a Virginia Housing bond loan (Conventional, FHA, Veterans Affairs or Rural Housing Service).
• Have a combined household income within Virginia Housing’s Bond Loan income limits.
• Have a sales price and loan amount within Virginia Housing’s Bond Loan sales price / loan limits.

Eligible borrowers must complete the Community Heroes Certification prior to closing on a Virginia Housing bond loan. If there is more than one borrower, only one person is required to be a Community Hero. This grant can be paired with other Virginia Housing specialty programs including grants and non-Virginia Housing assistance.

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The information contained herein (including but not limited to any description of Virginia Housing and its lending programs and products, eligibility criteria, interest rates, fees and all other loan terms) is subject to change without notice.