Homeownership Programs

Have you dreamed of owning your own home? The Virgin Islands Housing Finance Authority has several programs that can help make your dream a reality. Since 1984, the VIHFA has assisted many low to moderate Virgin Islands families to become first-time homeowners. 

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To be eligible, you:

  • Must be a first time home buyer.
  • Must meet established income requirements.
  • Must be a resident of the Territory for the last three years.
  • Must have the ability to make a minimum earnest money deposit of $500. For qualified veterans, no earnest money deposit is required.
  • Must be pre-qualified for a mortgage loan based on nationally accepted underwriting standards of FHA/VA/Conventional Mortgages.
  • Must attend VIHFA’s Home Buyer’s Education Program and earn a Certificate of Completion.
  • Must occupy the property as your primary residence. 
  • Must have a household income less than:
    St. Thomas/St. John - $149,450
    St. Croix - $111,300

To apply:

  1. Complete VIHFA application.
  2. Call for a pre-qualification interview. 
  3. Pay priority fee of $100.00. Veterans pay $75.00.
  4. Enroll in the Homebuyer Education Course.

The Virgin Islands Housing Finance Authority offers three homebuyer programs.

Homestead Loan Program
Lot Sale Program
Veteran Loan Program

The Virgin Islands Housing Finance Authority also offers education programs and counseling services.

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