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First-time home buyer programs in Manassas Park, VA

Quick answer

First-time buyers in Manassas Park, VA can use 3%-down conventional loans (up to the $1,249,125 Manassas Park city conforming limit), 3.5%-down FHA, or VA and USDA where eligible. On the $381,200 median home, 3% down is about $11,436 and the estimated payment is $3,024/month at 7.18%.

By Purchase Mortgage Loan Editorial Team Checked against official sources per our editorial standardsData last updated

Median household income: $100,668; value-to-income ratio 3.79. Manassas Park ranks 83 by home value and 81 by population among 129 places in our VA dataset.

What does a first-time buyer loan cost on a typical Manassas Park home?

ItemManassas Park
Median home value (Census ACS)$381,200
Virginia median home value$360,700
Down payment (3%)$11,436
Loan amount$369,764
Estimated monthly payment (PITI + MI)$3,024
Income needed (28% / 36%)$130,000 / $101,000
Manassas Park city 2026 conforming limit (1 unit)$1,249,125
Max purchase price at the limit$1,287,000

Rate assumption: 7.18% (Freddie Mac PMMS 30-year fixed average, week of November 5, 2026). Change it in the payment calculator.

Payment includes Virginia's 0.74% effective property tax rate (Census ACS), $1,537/yr homeowners insurance (NAIC state average) and an estimated 0.5% PMI.

What is the 2026 conforming loan limit in Manassas Park?

Manassas Park is in Manassas Park city. Conventional 3%-down loans go up to the $1,249,125 conforming limit (price ≈ $1,287,000); FHA loans go up to $1,249,125.

The Manassas Park median home value of $381,200 is 6% above the Virginia median, and within what the county limit supports.

Which down payment assistance programs can Manassas Park buyers use?

No applicable programs have been verified for this city yet. Check the state housing finance agency for current assistance.

First-time buyer loans in nearby cities

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First-time buyer loan FAQs for Manassas Park

On the $381,200 median: 3% conventional ≈ $11,436, 3.5% FHA ≈ $13,342, and 0% for eligible VA or USDA buyers. Conventional loans above $1,249,125 in Manassas Park city become jumbo loans.

At the $381,200 median value (above the Virginia median of $360,700), the estimated payment of $3,024/month at 7.18% needs about $130,000 a year under the 28% housing guideline, or $101,000 if your total debts stay under 36%.

0 city-level, 0 county-level and 0 statewide programs are verified for this city (0 total). Check each official administrator's eligibility rules and available funds.

Sources

Data last updated October 23, 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.