Down-payment assistance
Virginia Individual Development Accounts (VIDA) Program - United Way of Henry County & Martinsville
First-time homebuyers · Income limits · Single Family
Down payment assistance · Martinsville County
Buying a home in Martinsville, VA
1 Martinsville program and 8 statewide.Martinsville 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 Martinsville addresses
Martinsville’s own program
The Martinsville marketThe Martinsville housing market
Kinds of homes hereWhat’s for sale here, and what the programs accept
Kinds of homes in Martinsville
- 70.5% single-familysingle-family
- 1.7% townhousetownhouse
- 10.2% 2–4 units2–4 units
- 16.9% 5+ unitscondo & apartment buildings (5+ units)
- 0.7% mobile & othermobile home & other
About condos. Martinsville’s one local program does not list condos as eligible. Virginia Individual Development Accounts (VIDA) Program - United Way of Henry County & Martinsville lists single family.
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25024.
When Martinsville’s homes were built
pre-19401970s2020+
82%
of Martinsville 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.
$46,727
Martinsville median household incomeMedian household income in Martinsville (Census, 2024)
Programs that publish an income limit usually set it as a share of Martinsville County’s area median income, adjusted for household size. See the published limits for Martinsville County
Free help nearbyFree help near Martinsville
Free help from a HUD-approved housing counselorFree help from a HUD-approved housing counselor
Martinsville’s program asks for a homebuyer class first. Create a free account to see who’s near you and pick one.Virginia Individual Development Accounts (VIDA) Program - United Way of Henry County & Martinsville 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
Martinsville questions
Does Martinsville have its own down payment program?
Yes, one: Virginia Individual Development Accounts (VIDA) Program - United Way of Henry County & Martinsville, a down-payment assistance for first-time homebuyers (income limits). It is for homes inside Martinsville.
Can I use assistance on a condo in Martinsville?
Martinsville’s one local program does not list condos as eligible. Virginia Individual Development Accounts (VIDA) Program - United Way of Henry County & Martinsville 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 Martinsville County?
Each program sets its own. Most published limits are a share of HUD’s area median income for Martinsville County, adjusted for household size. The published limits page lists each program’s limit.
Where can I take a homebuyer class near Martinsville?
HUD-approved housing counseling agencies teach homebuyer classes. Create a free account and take the 90-second match to see the ones near you.
ZIP codes
24112 · 24113 · 24114 · 24115
Nearby in Martinsville
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.