Are you living or working in Loudoun County, Virginia, including Ashburn, Sterling, Leesburg, or areas near Dulles International Airport? If you are planning to purchase your first home, you may qualify for one of Loudoun County’s homeownership assistance programs.
The county offers eligible first-time homebuyers financial assistance to help cover their down payment and closing costs, making homeownership more affordable.
Get Up to $70,000 in Down Payment and Closing Cost Assistance
Qualified homebuyers may receive assistance of up to 10% of the home’s purchase price, with a maximum benefit of $70,000.
For example:
- $600,000 home: Up to $60,000 in assistance.
- $700,000 home: Up to $70,000 in assistance.
This assistance is provided as a 0% interest loan that may be fully forgiven over 15 years, provided the homeowner meets the program’s requirements and maintains compliance with its terms.
Who Qualifies for Loudoun County Homebuyer Assistance?
To qualify for this Loudoun County down payment assistance program, applicants must generally meet the following requirements:
- First-Time Homebuyer: You must qualify as a first-time homebuyer.
- Loudoun County Residency or Employment: You must have lived or worked in Loudoun County for at least the previous six months.
- Household Income: Your gross annual household income must not exceed $166,100.
- Property Location: The home you purchase must be located in Loudoun County, Virginia.
- Ratified Purchase Contract: You must have a fully executed purchase contract for a home in Loudoun County when applying for assistance.
Eligibility requirements and additional program conditions may apply.
Important: Limited Funding – First-Come, First-Served
One of the most important things to understand about this program is that funding is limited and assistance is provided on a first-come, first-served basis.
Submitting an application does not guarantee approval or funding. Buyers should confirm their eligibility and current funding availability before making financial decisions.
Can You Combine Loudoun County Assistance with Virginia Housing Down Payment Assistance?
Potentially, yes! One of the biggest advantages of exploring multiple homebuyer assistance programs is the possibility of combining financial resources.
Eligible buyers may be able to use Loudoun County’s assistance together with an available Virginia Housing down payment assistance program, subject to the requirements and approval of both programs and the mortgage lender.
In an ideal scenario, combining these programs could help cover approximately 10% to 12% of a home’s purchase price, depending on the buyer’s eligibility and the available assistance.
Additionally, buyers may be able to negotiate seller concessions to help reduce eligible closing costs and other upfront expenses.
Combining these options can significantly reduce the amount of money a first-time homebuyer needs to bring to closing.
How Can I Apply for the Loudoun County $70,000 Homebuyer Assistance Program?
An important requirement is that applicants must have a signed purchase contract for a property in Loudoun County before submitting their application.
This means planning your home purchase strategically is especially important.
Working with a knowledgeable real estate agent and an experienced mortgage lender can help you:
- Identify homes that meet the program’s property requirements.
- Understand your eligibility and estimated purchasing budget.
- Explore available down payment assistance programs.
- Coordinate the application process with your mortgage lender.
- Explore opportunities for seller concessions and closing cost assistance.
Renting in Loudoun County? It May Be Time to Explore Homeownership.
If you are currently renting in Ashburn, Sterling, Leesburg, or another part of Loudoun County, this program may provide an opportunity to transition from renting to owning a home.
Instead of continuing to pay rent, you may be able to use available homebuyer assistance to purchase a property and start building equity.
If you meet the eligibility requirements, I can connect you with a trusted mortgage lender to review your financial situation and explore available assistance programs.
As a REALTOR® licensed in Virginia and Maryland, I can also help you search for eligible properties, navigate the purchase process, and coordinate your homebuying journey from the initial search through closing.
Mohammad Jaz | REALTOR®
Licensed in Virginia and Maryland
Website: MohammadJaz.com
Email: Jazhelpsyou@gmail.com
Phone: 571-564-3613
Free consultations available in English and Farsi.
The information in this article is based on Loudoun County’s official homeownership assistance program website.
For the latest eligibility requirements, income limits, application instructions, and funding availability, visit:
Loudoun County – Homeownership Loan Programs
Important: Program requirements, income limits, funding availability, and repayment or forgiveness conditions are subject to change. Assistance is not guaranteed. Applicants should verify all current program terms directly with Loudoun County before applying.