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.