Deferred second loan
Come HOME to Portsmouth
First-time homebuyers · Income limits · Single-family detached, attached townhomes, condos (must meet HUD HQS) · existing or new construction
Down payment assistance · Portsmouth County
Buying a home in Portsmouth, VA
1 Portsmouth program and 8 statewide.Portsmouth 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 Portsmouth addresses
Portsmouth’s own program
The Portsmouth marketThe Portsmouth housing market
Kinds of homes hereWhat’s for sale here, and what the programs accept
Kinds of homes in Portsmouth
- 61.5% single-familysingle-family
- 8.7% townhousetownhouse
- 9.5% 2–4 units2–4 units
- 19.6% 5+ unitscondo & apartment buildings (5+ units)
- 0.7% mobile & othermobile home & other
Condos count. Portsmouth’s one local program accepts condos.
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25024.
When Portsmouth’s homes were built
pre-19401970s2020+
68.1%
of Portsmouth 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.
$60,491
Portsmouth median household incomeMedian household income in Portsmouth (Census, 2024)
Programs that publish an income limit usually set it as a share of Portsmouth County’s area median income, adjusted for household size. See the published limits for Portsmouth County
Free help nearbyFree help near Portsmouth
9 HUD-approved counseling agencies within 15 miles9 HUD-approved housing counseling agencies within 15 miles
Portsmouth’s program asks for a homebuyer class first. Create a free account to see who’s near you and pick one.Come HOME to Portsmouth 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
Portsmouth questions
Does Portsmouth have its own down payment program?
Yes, one: Come HOME to Portsmouth, a deferred second loan for first-time homebuyers (forgiven over 5 yrs, income limits). It is for homes inside Portsmouth.
Can I use assistance on a condo in Portsmouth?
Portsmouth’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 Portsmouth County?
Each program sets its own. Most published limits are a share of HUD’s area median income for Portsmouth County, adjusted for household size. The published limits page lists each program’s limit.
Where can I take a homebuyer class near Portsmouth?
HUD-approved housing counseling agencies teach homebuyer classes, and 9 agencies are within 15 miles of Portsmouth. Create a free account and take the 90-second match to see the ones near you.
ZIP codes
23701 · 23702 · 23703 · 23704 · 23705 · 23707 · 23708 · 23709
Nearby in Portsmouth
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.