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Homeownership Loan Programs
Overview
Loudoun County administers two second trust loan assistance programs for moderate income first time homebuyers purchasing a home in Loudoun County.

Down Payment / Closing Cost Assistance Program (DPCC)
First-time homebuyers purchasing a home either through the Affordable Dwelling Unit (ADU) program or purchasing an existing market rate home can borrow up to 10% of the sales price or $25,000, whichever is less, at 5% interest. This loan (used for the down payment and closing costs) is in the form of a second trust, payable over a 30 year period with the first three years of payments deferred and interest free.

Funding is limited and available on a first-come / first-served basis. Applicants must currently live and/or work in Loudoun County for a minimum of six months. Gross annual household incomes must fall within 30% to 70% of the Area Median Income. The current eligible income range is $32,100 through $74,900 regardless of family size. For additional eligibility requirements, terms and conditions, please refer to the Program Information located here.

To determine eligibility for the DPCC program, please complete the Pre-Screen Form found here: DPCC Pre-Screening Questionnaire . If eligible to apply, please click the “located here” link above; print and complete all forms, complete online application and submit all  required documents per the Checklist.

If you wish to apply for this program, please proceed to the online application.  Please note: you will need the information on the DPCC Checklist to complete the application.

Public Employee Homeownership Grant Program (PEG)
This program offers a grant of a secured loan to full or part-time employees of the Loudoun County Government, Courts and Constitutional Officers, and Loudoun County Public Schools. Loans are forgivable at 20% of the loan amount annually over a five-year period providing the employee does not leave employment, sell the home, or no longer occupies the residence.

Grant amounts include $5,000 for the purchase of a home located within Loudoun County; $15,000 for the purchase of a foreclosed property (no short sales); or $25,000 for the purchase of a property in Loudoun County's  Neighborhood Stabilization Program (NSP).

Funding is limited and available on a first-come / first-served basis. Gross annual household incomes must fall within 30% to 70% of the Area Median Income. The current eligible income range is $32,100 through $74,900 regardless of family size. For additional eligibility requirements, terms and conditions, please refer to the Program Information located here.

If you wish to apply for this program, please proceed to the online application.  Please note: you will need the information on the PEG Checklist to complete the application.

For More Information
Karen Thorson 
Loudoun County Department of Family Services
Shenandoah Building
102 Heritage Way NE, Suite 103
Leesburg, VA 20176
Ph: 703-777-0353 


Loudoun On
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