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 filed your last three years taxes in the Virgin Islands.
• Must have the ability to make a minimum earnest money deposit of $1,000. 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 of:

         St. Thomas: $24,600-$215,000
         St. Croix: $21,250-$192,150
         St. John: $33,350-$231,700

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.

• Housing Counseling Program
• Home Buyers Education Program
• Community Education
• Post-Purchase Counseling
• Financial Fitness