Make Isle of Wight HOME Program
Deferred second loan · Forgiven over 5 yrs · Income limits
Down payment assistance · Isle of Wight County
Buying a home in Smithfield, VA
1 county program and 8 statewide.Smithfield has no program of its own, 1 across Isle of Wight County, 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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What’s local to Smithfield
No program of Smithfield’s own yet
No program run for Smithfield alone is listed. A home in Smithfield can use Isle of Wight County’s programs below, plus the Virginia statewide and federal ones.
The closest city that runs its own program is Newport News, about 11 miles away. City programs usually require the home to be inside that city’s limits.
Anywhere in Isle of WightAnywhere in Isle of Wight County
1 county program1 county program a Smithfield homebuyer can use
The Smithfield marketThe Smithfield housing market
Kinds of homes hereWhat’s for sale here, and what the programs accept
Kinds of homes in Smithfield
- 77% single-familysingle-family
- 7% townhousetownhouse
- 4% 2–4 units2–4 units
- 11.1% 5+ unitscondo & apartment buildings (5+ units)
- 0.8% mobile & othermobile home & other
Condos count. Smithfield’s one local program accepts condos.
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25024.
When Smithfield’s homes were built
pre-19401970s2020+
33.2%
of Smithfield 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.
$107,700
County area median income, 4 people (HUD)HUD area median income, Isle of Wight County, 4-person household (2026)
$113,158
Smithfield median household incomeMedian household income in Smithfield (Census, 2024)
15 of the 71 programs here set their income limit as a share of Isle of Wight County’s area median income, adjusted for household size. See the published limits for Isle of Wight County
Free help nearbyFree help near Smithfield
2 HUD-approved counseling agencies within 15 miles2 HUD-approved housing counseling agencies within 15 miles
Smithfield’s program asks for a homebuyer class first. Create a free account to see who’s near you and pick one.Make Isle of Wight HOME Program 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
Smithfield questions
Does Smithfield have its own down payment program?
No program run for Smithfield alone is listed. A home in Smithfield can use the 1 program that cover Isle of Wight County and the 8 statewide programs. Each program’s own site has the current terms.
Can I use assistance on a condo in Smithfield?
Smithfield’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 Isle of Wight County?
Each program sets its own. 15 of the programs here set theirs as a share of HUD’s area median income for Isle of Wight 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 Smithfield?
HUD-approved housing counseling agencies teach homebuyer classes, and 2 agencies are within 15 miles of Smithfield. Create a free account and take the 90-second match to see the ones near you.
ZIP codes
23430 · 23431
Nearby in Isle of Wight
Sources
Sources: agency sites (June–July 2026), Census ACS 2024 5-year, 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–July 2026). Market: U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Income: HUD FY2026 income limits. Counselors: HUD list of approved housing counseling agencies. Hey Prescott is not a lender.