Deferred second loan
Down Payment Assistance Program (Lyn-CAG)
First-time homebuyers · Income limits · Single Family
Down payment assistance · Lynchburg County
Buying a home in Lynchburg, VA
2 Lynchburg programs and 8 statewide.Lynchburg has 2 programs 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 Lynchburg addresses
Lynchburg’s own programs
First mortgage
Greater Lynchburg Habitat for Humanity Homeownership Program
First-time homebuyers · New construction · Income limits · Single Family
The Lynchburg marketThe Lynchburg housing market
Kinds of homes hereWhat’s for sale here, and what the programs accept
Kinds of homes in Lynchburg
- 54.9% single-familysingle-family
- 7.3% townhousetownhouse
- 9.4% 2–4 units2–4 units
- 27.4% 5+ unitscondo & apartment buildings (5+ units)
- 1% mobile & othermobile home & other
About condos. None of Lynchburg’s 2 local and county programs list condos as eligible. Down Payment Assistance Program (Lyn-CAG) lists single family. Greater Lynchburg Habitat for Humanity Homeownership Program lists single family.
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25024.
When Lynchburg’s homes were built
pre-19401970s2020+
65.6%
of Lynchburg 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.
$57,947
Lynchburg median household incomeMedian household income in Lynchburg (Census, 2024)
Programs that publish an income limit usually set it as a share of Lynchburg County’s area median income, adjusted for household size. See the published limits for Lynchburg County
Free help nearbyFree help near Lynchburg
1 HUD-approved counseling agency within 15 miles1 HUD-approved housing counseling agency within 15 miles
2 programs here ask for a homebuyer class first. Create a free account to see who’s near you and pick one.All 2 local programs here ask 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
Lynchburg questions
Does Lynchburg have its own down payment program?
Yes, 2: Down Payment Assistance Program (Lyn-CAG) and Greater Lynchburg Habitat for Humanity Homeownership Program. Each is for homes inside Lynchburg.
Can I use assistance on a condo in Lynchburg?
None of Lynchburg’s 2 local and county programs list condos as eligible. Down Payment Assistance Program (Lyn-CAG) lists single family. Greater Lynchburg Habitat for Humanity Homeownership Program lists single family. 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 Lynchburg County?
Each program sets its own. Most published limits are a share of HUD’s area median income for Lynchburg County, adjusted for household size. The published limits page lists each program’s limit.
Where can I take a homebuyer class near Lynchburg?
HUD-approved housing counseling agencies teach homebuyer classes, and 1 agency is within 15 miles of Lynchburg. Create a free account and take the 90-second match to see the ones near you.
ZIP codes
24501 · 24502 · 24503 · 24504 · 24505 · 24506 · 24512 · 24513 · 24514 · 24515
Nearby in Lynchburg
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.