VCB HOME Program

Let our mortgage professionals at Virginia Commonwealth Bank help you navigate through the first-time home purchase and mortgage financing process!

• Up to 100% Financing with approved Agency Grant
   

• Must be used for the purchase of primary residence
   

• Minimum buyer contribution is $500
   

• Seller may pay all closing costs
   

• No Private Mortgage Insurance (PMI) required
   

• Household income restrictions apply (cannot exceed 80% of the area median family income)
   

• Required homebuyer class either by CFPB or by a Certified Housing Counseling Agency (VCB will pay if applicable)
   

• Can be used in conjunction with other Down Payment Assistance programs (Grant moneys from other entities)