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HOME Program Down Payment and Closing Cost Assistance

Quick answer

HOME Program Down Payment and Closing Cost Assistance is a Virginia down payment assistance program from Norfolk Redevelopment and Housing Authority (NRHA). It provides Up to $40,000 as a deferred-payment loan. It is aimed at first-time buyers. Eligibility, income limits and funding are set by the agency, so confirm current terms on its official page.

By Purchase Mortgage Loan Editorial Team Checked against official sources per our editorial standardsLast verified

Eligibility notes

Loan terms not stated on page. NRHA HomeNet homeownership program active in 2025 (April 2025 coverage cited up to $60,000 plus $5,000 closing costs with 10-year residency).

Where does HOME Program Down Payment and Closing Cost Assistance apply?

This city-level program is available to buyers in Norfolk. Cities on our site where it applies:

DetailProgram terms
AssistanceUp to $40,000
TypeDeferred-payment loan
Minimum creditNot published on the program page
First-time buyerRequired
Income limitsAt or below 80% AMI

How does HOME Program Down Payment and Closing Cost Assistance work with an FHA loan?

Virginia's 2026 FHA one-unit limits start at $541,287, which supports a price of about $560,000 with 3.5% down.

Where do I confirm current terms?

On the official page: https://nrha.us/housing/homeownership. Programs can pause when funds run out, so confirm availability with a participating lender.

← All Virginia down payment assistance programs

Frequently asked questions

Up to $40,000, according to Norfolk Redevelopment and Housing Authority (NRHA).

It's a deferred loan — no monthly payments, repaid when you sell, refinance or pay off the first mortgage.

At or below 80% AMI

Sources

Data last updated October 25, 2026.

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Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.