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Honoring veterans through mortgage assistance

 
 

VirginiaHomebuyer program(s): The state of Virginia has three programs targeted to help homebuyers:

  1. The Down Payment Assistance (DPA) program provides “flexible gap financing” to low-income first-time buyers
  2. The localized Neighborhood Stabilization Program (NSP) is designed to encourage Virginians to purchase and rehabilitate vacant or foreclosed properties
  3. The Virginia Individual Development Account (VIDA) encourages individuals to save for a specific reason, including homeownership or business development

Only one program – the Down Payment Assistance program – is aimed at first-time homebuyers. Veterans aren’t singled out for this program, but they will qualify if they meet the program’s qualifications and guidelines.

Veteran population: 837,051

Notable military bases in state: Langley AFB, Fort Belvoir, Fort Eustis, Marine Corps Base Quantico, Naval Station Norfolk

Average home price: $296,500

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