Purchasing your first home is exciting—but it can also feel overwhelming. Luckily, Richmond offers programs designed to help first-time buyers succeed.
FHA Loans
FHA loans are a great option for new buyers in Richmond. With just 3.5% down and more flexible credit requirements, these loans help renters make the leap to homeownership.
Virginia Housing Programs
Virginia Housing (formerly VHDA) offers down payment assistance, closing cost grants, and homebuyer education classes. These resources help Richmond residents confidently purchase their first homes.
Local Insights
Neighborhoods like Manchester and Brookland Park are popular among first-time buyers thanks to affordable housing and easy access to downtown. Partnering with a local mortgage broker ensures you get the right guidance for these areas.
Tip: Get pre-approved before house hunting. Sellers in Richmond’s competitive market often prioritize buyers who are ready to move quickly.
Conclusion: First-time buyers in Richmond have more support than ever. With the right mortgage program, your dream of owning a home in the River City is closer than you think.