Down payment assistance

Are closing costs or down payment standing between you and owning your first home?

A VHFA ASSIST loan that provides up to $5,000 that can be used for down payment and closing costs may be the answer.

Monty is here to answer your questions about ASSIST, so you too can be a wise owl.

 


 

Q: What is an ASSIST loan from VHFA?

A: A second mortgage up to $5,000 that can be used for down payment and closing costs. ASSIST has:

  • $0 closing costs
  • 0% interest
  • $0 monthly payment
  • Repayment occurs when the VHFA first mortgage is refinanced, paid in full, or the property is sold.

Q: How do I start?

A: Contact a VHFA Participating Lender today!

  1. Get pre-qualified
  2. Expand your knowledge by taking a home buyer education course
  3. Start shopping for a home
  4. Complete your mortgage application
  5. Close on your new home

A VHFA ASSIST loan is only available from a VHFA Participating Lender, and only a Participating Lender can determine your eligibility and accept your application. Contact a VHFA Participating Lender and ask about VHFA today.