Virginia's Giving First-Time Buyers $10K — Free

Real talk — if you’ve been sitting on the sidelines because you think you need 20% down to buy a house in Northern Virginia, nobody’s gonna tell you the truth, so I will: that’s not how it works, and there’s actual money on the table right now that most people never hear about.

The $10,000 Nobody’s Talking About

Virginia Housing is still running a down payment assistance grant of up to $10,000 for first-time buyers — and it’s not a loan you pay back. It’s a straight-up grant. Pair that with the state’s Plus Second Mortgage (up to 5% of your purchase price for the down payment, plus 1.5% for closing costs) and you’re looking at real, usable money that can get a family from Woodbridge to Manassas into a home without draining their savings account.

Income limits apply — most fall between $85K and $143K depending on your household size and county — and you’ll need a credit score of at least 620. That’s it. That’s not some unreachable bar. If you’ve got steady income and decent credit, you might already qualify and not even know it.

What’s Actually Happening in the Prince William County Market Right Now

Here’s what we don’t talk about enough: inventory in Northern Virginia is up about 20% compared to this time last year. That means more homes to choose from, homes sitting on the market longer, and — for the first time in a minute — buyers getting a little bit of breathing room. Mortgage rates today are sitting around 6.5%–6.7% on a 30-year fixed, which isn’t the 3% era, but it’s not the ceiling we saw either. Combine softer competition with down payment assistance and this is one of the more realistic windows first-time home buyers in Virginia have had in years.

The Move

If you’re a first-time home buyer in Virginia and you’ve been waiting for “the right time” — this is worth a real conversation, not a Google search. Every situation is different: your income, your credit, what county you’re targeting, whether you’re eligible for VHDA or a local program on top of it. That’s not something a headline can answer for you.

My community deserves to know this stuff exists. Reply to this email or book a free call with me and I’ll walk you through exactly what you qualify for — no pressure, no sales pitch, just the real numbers for your situation. And if you know somebody who’s been telling themselves they can’t afford to buy right now, forward this to them. It might be the thing that changes their year.

— Khalil

Sine Limitatione 🔱