Forgivable loan
City of Fredericksburg Direct Homeownership Assistance Program
Income limits
Down payment assistance · Fredericksburg County
Buying a home in Fredericksburg, VA
1 Fredericksburg program and 8 statewide.Fredericksburg has 1 program of its own, 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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Only for Fredericksburg addresses
Fredericksburg’s own program
The Fredericksburg marketThe Fredericksburg housing market
Kinds of homes hereWhat’s for sale here, and what the programs accept
Kinds of homes in Fredericksburg
- 39.6% single-familysingle-family
- 12.8% townhousetownhouse
- 4.9% 2–4 units2–4 units
- 42.4% 5+ unitscondo & apartment buildings (5+ units)
- 0.2% mobile & othermobile home & other
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25024.
When Fredericksburg’s homes were built
pre-19401970s2020+
44.8%
of Fredericksburg 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.
$86,071
Fredericksburg median household incomeMedian household income in Fredericksburg (Census, 2024)
Programs that publish an income limit usually set it as a share of Fredericksburg County’s area median income, adjusted for household size. See the published limits for Fredericksburg County
Free help nearbyFree help near Fredericksburg
1 HUD-approved counseling agency within 15 miles1 HUD-approved housing counseling agency within 15 miles
Create a free account to see who’s near you and pick one.A HUD-approved counselor teaches homebuyer classes 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
Fredericksburg questions
Does Fredericksburg have its own down payment program?
Yes, one: City of Fredericksburg Direct Homeownership Assistance Program, a forgivable loan (forgiven over 5 yrs, income limits). It is for homes inside Fredericksburg.
Can I use assistance on a condo in Fredericksburg?
Each program sets which kinds of homes it accepts. Where the agency publishes them, the program’s page lists them; the agency confirms it for the home you choose.
What is the income limit in Fredericksburg County?
Each program sets its own. Most published limits are a share of HUD’s area median income for Fredericksburg County, adjusted for household size. The published limits page lists each program’s limit.
Where can I take a homebuyer class near Fredericksburg?
HUD-approved housing counseling agencies teach homebuyer classes, and 1 agency is within 15 miles of Fredericksburg. Create a free account and take the 90-second match to see the ones near you.
ZIP codes
22401 · 22402 · 22403 · 22404 · 22405 · 22406 · 22407 · 22408 · 22412
Nearby in Fredericksburg
Sources
Sources: agency sites (June–July 2026), Census ACS 2024 5-year, 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). Counselors: HUD list of approved housing counseling agencies. Hey Prescott is not a lender.