Virginia’s First Time Homebuyer Savings Plan
Click here for First Time Homebuyer Savings Plan FAQs.
A First-Time Homebuyer Savings Plan allows any Virginian to set aside up to $50,000 toward the costs of closing on a new home. The earnings on those funds—interest and capital gains—are free from Virginia state taxes.
Click here to download a PDF brochure that explains more about this benefit being provided to Virginia residents.
Other Helpful Resources:
First-Time Homebuyer Savings Plans from Virginia Association of Realtors on Vimeo.