Down Payment Assistance (DPA)
Deferred second loan · Forgiven over 5 yrs · Income limits
Down payment assistance · Roanoke County
Buying a home in Cave Spring, VA
1 county program and 8 statewide.Cave Spring has no program of its own, 1 across Roanoke County, and 8 statewide. Here is what each one offers, what the local market looks like, and who near you can walk you through it.
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What’s local to Cave Spring
No program of Cave Spring’s own yet
No program run for Cave Spring alone is listed. A home in Cave Spring can use Roanoke County’s programs below, plus the Virginia statewide and federal ones.
The closest city that runs its own program is Lynchburg, about 50 miles away. City programs usually require the home to be inside that city’s limits.
Anywhere in RoanokeAnywhere in Roanoke County
1 county program1 county program a Cave Spring homebuyer can use
The Cave Spring marketThe Cave Spring housing market
Kinds of homes hereWhat’s for sale here, and what the programs accept
Kinds of homes in Cave Spring
- 64.1% single-familysingle-family
- 6.2% townhousetownhouse
- 2.3% 2–4 units2–4 units
- 27.3% 5+ unitscondo & apartment buildings (5+ units)
- 0% mobile & othermobile home & other
Condos count. Cave Spring’s one local program accepts condos.
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25024.
When Cave Spring’s homes were built
pre-19401970s2020+
57.8%
of Cave Spring homes were built before 1980. Pre-1978 homes come with a federal lead-paint disclosure.of homes were built before 1980. A home built before 1978 comes with a federal lead-paint disclosure, and some programs require an inspection.
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25034.
$98,500
County area median income, 4 people (HUD)HUD area median income, Roanoke County, 4-person household (2026)
$87,539
Cave Spring median household incomeMedian household income in Cave Spring (Census, 2024)
15 of the 71 programs here set their income limit as a share of Roanoke County’s area median income, adjusted for household size. See the published limits for Roanoke County
Free help nearbyFree help near Cave Spring
3 HUD-approved counseling agencies within 15 miles3 HUD-approved housing counseling agencies within 15 miles
Cave Spring’s program asks for a homebuyer class first. Create a free account to see who’s near you and pick one.Down Payment Assistance (DPA) asks for a homebuyer class. A HUD-approved counselor teaches it and can walk you through your options. Create a free account to see who’s near you and pick one.
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Across Virginia and nationwide
70 statewide & federal programs8 statewide programs, plus federal options
- Habitat for Humanity Virginia Statewide HOMEownership Down Payment Assistance ProgramUp to $40,000 · Deferred second loan
- HOMEownership Down Payment Assistance Program (VHCDC)Up to $25,000 · Forgivable loan
- Virginia Individual Development Account (VIDA) Program (VHCDC)Up to $10,000 · Down-payment assistance
Cave Spring questions
Does Cave Spring have its own down payment program?
No program run for Cave Spring alone is listed. A home in Cave Spring can use the 1 program that cover Roanoke County and the 8 statewide programs. Each program’s own site has the current terms.
Can I use assistance on a condo in Cave Spring?
Cave Spring’s one local program accepts condos. Each program’s page lists the kinds of homes it accepts, and the agency confirms it for the home you choose.
What is the income limit in Roanoke County?
Each program sets its own. 15 of the programs here set theirs as a share of HUD’s area median income for Roanoke County, adjusted for household size. HUD publishes the median each year; the 2026 figure is shown above and on the published limits page.
Where can I take a homebuyer class near Cave Spring?
HUD-approved housing counseling agencies teach homebuyer classes, and 3 agencies are within 15 miles of Cave Spring. Create a free account and take the 90-second match to see the ones near you.
Nearby in Roanoke
Sources
Sources: agency sites (June–July 2026), Census ACS 2024 5-year, HUD FY2026, HUD counseling list. Hey Prescott is not a lender.Programs: Hey Prescott catalog of 2,000+ programs, each verified with its agency (June–July 2026). Market: U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Income: HUD FY2026 income limits. Counselors: HUD list of approved housing counseling agencies. Hey Prescott is not a lender.