New River Home Trust (Community Land Trust)
Shared-appreciation loan · New construction · Income limits
Down payment assistance · Montgomery County
Buying a home in Merrimac, VA
1 county program and 8 statewide.Merrimac has no program of its own, 1 across Montgomery County, and 8 statewide. Here is what each one offers, and who near you can walk you through it.
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What’s local to Merrimac
No program of Merrimac’s own yet
No program run for Merrimac alone is listed. A home in Merrimac can use Montgomery County’s programs below, plus the Virginia statewide and federal ones.
The closest city that runs its own program is Danville, about 71 miles away. City programs usually require the home to be inside that city’s limits.
Anywhere in MontgomeryAnywhere in Montgomery County
1 county program1 county program a Merrimac homebuyer can use
Income limits in Montgomery County
How programs here set their income limits
$119,600
County area median income, 4 people (HUD)HUD area median income, Montgomery County, 4-person household (2026)
15 of the 71 programs here set their income limit as a share of Montgomery County’s area median income, adjusted for household size. See the published limits for Montgomery County
Free help nearbyFree help near Merrimac
3 HUD-approved counseling agencies within 15 miles3 HUD-approved housing counseling agencies within 15 miles
Merrimac’s program asks for a homebuyer class first. Create a free account to see who’s near you and pick one.New River Home Trust (Community Land Trust) 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
Merrimac questions
Does Merrimac have its own down payment program?
No program run for Merrimac alone is listed. A home in Merrimac can use the 1 program that cover Montgomery County and the 8 statewide programs. Each program’s own site has the current terms.
Can I use assistance on a condo in Merrimac?
Merrimac’s one local program does not list condos as eligible. New River Home Trust (Community Land Trust) 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 Montgomery County?
Each program sets its own. 15 of the programs here set theirs as a share of HUD’s area median income for Montgomery 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 Merrimac?
HUD-approved housing counseling agencies teach homebuyer classes, and 3 agencies are within 15 miles of Merrimac. Create a free account and take the 90-second match to see the ones near you.
Nearby in Montgomery
Sources
Sources: agency sites (June–August 2026), 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–August 2026). Income: HUD FY2026 income limits. Counselors: HUD list of approved housing counseling agencies. Hey Prescott is not a lender.