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 Manassas's condo and townhome market, and gets close to the citywide median.
I'm Johnny with JQ Real Estate. Here's how these programs actually apply to Manassas specifically.
The two main Virginia Housing options
| Program | Assistance | Sales Price Cap |
|---|---|---|
| DPA Grant | 2.5% (FHA) or 2.0% (Conventional), no repayment | $500,000 |
| Standard Bond | Below-market rate financing | $800,000 |
Why the DPA Grant fits Manassas well
Given Manassas's condos and many townhomes fall under $500,000, the DPA Grant genuinely covers a substantial share of local inventory.
Basic eligibility requirements
- First-time buyer status — no homeownership in the preceding three years
- Minimum credit score of 620
Find out what you actually qualify for
Reach out and I'll connect you with a lender who specializes in DPA programs for Manassas buyers.
For more Manassas buyer and seller questions, visit our Manassas real estate hub.