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Homeownership Loan Programs
Overview
Loudoun County administers two, second-trust loan assistance programs for moderate-income, first-time homebuyers who are 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.

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 $32,600 through $76,050 regardless of family size. 

Application Process

To apply for the DPCC program, please complete the following steps:

  • Review the DPCC Application Packet
  • Select the following link to submit your application: online application
  • Make photocopies of all requested documents on the Program Checklist in the packet.
  • Print your application and submit to the Department of Family Services at the address below.

Information for Lenders and Real Estate Professionals

  • Information for lenders and real estate professionals about the DPCC program is online here.

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.

The grant amount is $10,000 for the purchase of a home located within Loudoun County.

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 $32,600 through $76,050 regardless of family size. 

Application Process

To apply for the PEG program, please complete the following steps:

  • Review the PEG Application Packet
  • Select the following link to submit your application: online application
  • Make photocopies of all requested documents on the Program Checklist in the packet.
  • Print your application and submit to the Department of Family Services at the address below.

Information for Lenders and Real Estate Professionals

  • Information for lenders and real estate professionals about the PEG program is online here.


For More Information
Stacey Pierre-Louis
Housing Finance Specialist 
Loudoun County Department of Family Services
Shenandoah Building
102 Heritage Way NE, Suite 103
P.O.Box 7400  
Leesburg, VA 20177 
Phone: 571-258-3814 
email


Loudoun On
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