Department Resources

Fairfax County Down Payment Loan

Thank you for your interest in the Fairfax County Down Payment Loan Program for First-Time Homebuyers! Below you will find program eligibility and details, including household income limits and how to apply.

To qualify for a Fairfax County Down Payment Loan, your household must have a household income at or below 80% of the Area Median Income, or AMI. These limits are based on your household size and are published annually by the US Department of Housing and Urban Development (HUD).

Family Size	80% AMI
1	$91,750
2	$104,900
3	$118,000
4	$131,100
5	$141,600
6	$152,100
7	$162,550
8	$173,050

You must be a first-time homebuyer
You must qualify for and use a first-mortgage loan through a pre-qualified Virginia Housing Lender
- Click Here for more information about Virginia Housing
You must live in your home as your primary residence for the duration of your Fairfax County Down Payment Loan
Fairfax Down Payment Loans may not be used to purchase a Fairfax County ADU or WDU
Full requirements are detailed in the application package, and all required documents are listed here.

Your Fairfax County Down Payment Loan includes a shared equity commitment upon repayment. The shared equity percentage will be calculated from the original purchase price of the home. Your Equity Share amount will be calculated based on that percentage of the net equity of your home at the time of payoff.

In the example below, the Fairfax County loan is 12.5% of the initial purchase price. When the loan is paid off, the equity share is 12.5% of the net positive equity and is paid to the County along with the repayment of the loan principal. Monthly payments are not required and the loan may be paid off at any time.

Example of an Equity Share Repayment
Purchase Price	$400,000
Fairfax County Loan Amount	$50,000
Percentage of Purchase Price	12.5%

Re-sale Price	$500,000
Net Equity	$100,000

Equity Share Owed (12.5% of $100,000)	$12,500
Fairfax County Loan Repayment	$50,000
Total Payoff to Fairfax County	$62,500

Please contact us at FCDPL@fairfaxcounty.gov for a payoff calculation request.

For full details and how to apply, please see the Application Packet.

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Department Resources

Fairfax County Down Payment Loan

Thank you for your interest in the Fairfax County Down Payment Loan Program for First-Time Homebuyers! Below you will find program eligibility and details, including household income limits and how to apply.

Income Limits

Other Important Requirements and Information

Shared Equity

Interested in Applying?

Recent Interactions

Ask Fairfax