Summary answer: Yes — Virginia Housing's Down Payment Assistance (DPA) Grant offers 2.5% of purchase price (FHA) or 2.0% (Conventional) that doesn't need to be repaid, with a $500,000 sales price cap that covers Ashburn's condo inventory well but falls short of the area's typical single-family price. The Standard Bond option, with an $800,000 cap, covers a meaningful share of Ashburn's townhome and entry-level single-family market.
I'm Johnny with JQ Real Estate. Here's how these programs actually apply to Ashburn specifically.
The two main Virginia Housing options, and their fit for Ashburn
| Program | Assistance | Sales Price Cap | Fit for Ashburn |
|---|---|---|---|
| DPA Grant | 2.5% (FHA) or 2.0% (Conventional), no repayment | $500,000 | Covers condos well |
| Standard Bond | Below-market rate financing | $800,000 | Covers townhomes and entry-level single-family |
Why the caps matter for your specific target
Given Ashburn's single-family median often runs $800,000+, the Standard Bond's $800,000 cap covers the lower end but not the area's full range — worth checking against your specific target property.
Basic eligibility requirements
- First-time buyer status — no homeownership in the preceding three years (some exceptions apply)
- Minimum credit score of 620
- Household income under the applicable limit
Find out what you actually qualify for
Reach out and I'll connect you with a lender who specializes in DPA programs for Ashburn buyers.
For more Ashburn buyer and seller questions, visit our Ashburn real estate hub.