Loudoun County Down Payment / Closing Cost Assistance Program (DPCC)

What is Loudoun County Down Payment / Closing Cost Assistance Program (DPCC)?

Loudoun County Down Payment / Closing Cost Assistance Program (DPCC) is a forgivable loan for homebuyers in Leesburg, Virginia, administered by Loudoun County Department of Housing and Community Development.

• Loudoun County's DPCC Program offers first-time homebuyers at 30%-70% AMI a forgivable loan of up to 10% of the purchase price (max $70,000) toward down payment and closing costs, whether buying through the county's Affordable Dwelling Unit program or a market-rate home. The loan is 0% interest and forgiven over 15 years. Applicants must have lived or worked in Loudoun County at least six months and contribute a minimum of $1,000.
• Up to $70,000 / 10% of price.
• 0% interest, no monthly payments.
• Forgivable over 15 years.
• ADU or market-rate homes.
• Subordination available for rate/term refinance.
• Funding comes from Loudoun County Housing Fund (local).

How much assistance does it provide?

Loudoun County Down Payment / Closing Cost Assistance Program (DPCC) offers up to $70,000 in assistance.

• Buyer contribution: Min $1,000 of borrower's own funds.
• The program can be combined with Affordable Dwelling Unit (ADU) purchase program; market-rate purchases; Virginia Housing first-trust loans.
• Amounts are the program's published maximums, not an offer — Loudoun County Department of Housing and Community Development determines any individual award.

Do you have to pay it back?

Loudoun County Down Payment / Closing Cost Assistance Program (DPCC) is forgiven after 15 years, so a buyer who stays that long does not repay it.

• Repayment is triggered by Forgiven ~6.666%/yr over 15 years; unforgiven balance due if sold/transferred or no longer owner-occupied before term.
• The assistance is recorded in Subordinate (second) lien position.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Loudoun County Down Payment / Closing Cost Assistance Program (DPCC) is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

Loudoun County Down Payment / Closing Cost Assistance Program (DPCC) limits household income to 70% of the area median income, which varies by county and household size.

• Gross household income 30%-70% AMI; current eligible range ~$49,850-$116,300 regardless of family size (updated 05/2026). Loudoun 4-person: 70%=$116,300, 80%=$132,900, 100%=$166,100.
• The limit applies to total household income, not only the borrower’s.
• Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

Loudoun County Down Payment / Closing Cost Assistance Program (DPCC) caps the purchase price as follows: No stated max price; assistance capped at 10% of price or $70,000.

Where does it apply?

Loudoun County Down Payment / Closing Cost Assistance Program (DPCC) serves buyers purchasing in Leesburg, Virginia.

How do you apply?

Applications for Loudoun County Down Payment / Closing Cost Assistance Program (DPCC) go through Loudoun County Department of Housing and Community Development, which publishes the current terms and the application steps on its own site.

1. 1

   Take a homebuyer education course

   Required by the program, through Virginia Housing Homeownership Education certificate required before settlement.

2. 2

   Contact Loudoun County Department of Housing and Community Development to reserve funds

   Funds are reserved through First-come, first-served; Loan Committee approval; reservation valid 90 days; waitlist when depleted, and are subject to availability.

3. 3

   Work with a lender who handles the program

   Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.