How Much Down Payment for a House in Virginia – Expert Answer for Northern Virginia
In Northern Virginia, a typical down payment for a house ranges from 5% to 20% — that’s $35,750 to $143,000 on a $715,000 Fairfax County home. As of January 2026, many first-time buyers in neighborhoods like Burke and Chantilly are opting for lower down payments through various loan programs. With 200+ NOVA transactions since 2012, I help clients navigate these options effectively. Call (571) 233-2763 for tailored advice.
In This Article
Down Payment in Northern Virginia – What You Need to Know
For comprehensive guidance, start with our Northern Virginia Realtor Guide. In Fairfax County, down payments typically range from 5% to 20%, translating to $35,750 to $143,000 on a median-priced home of $715,000. Many first-time buyers in areas like Vienna and Oakton are utilizing FHA loans, which allow for as little as 3.5% down.
In Arlington and Alexandria, where home prices are slightly higher, the down payment can be a significant factor. With a median price of $690,000, a 10% down payment would require $69,000. Buyers in these urban areas often benefit from the proximity to Metro stations, which can add $50,000 to $100,000 to home values.
After closing 200+ transactions across Northern Virginia since 2012, I understand the nuances of down payments and financing options. Many buyers are unaware of programs that can reduce their upfront costs. Ready to discuss your situation? Call (571) 233-2763 or book a free consultation.
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Key Down Payment Information for Northern Virginia
Here’s what NOVA buyers and sellers need to know in January 2026:
Typical Down Payment Amounts
In Fairfax County, the median home price is $715,000, and a typical down payment ranges from 5% to 20%. This means buyers should expect to pay between $35,750 and $143,000 upfront. In neighborhoods like Great Falls and McLean, where prices are higher, down payments can significantly impact affordability.
Impact of the NAR Settlement
Since the August 2024 NAR settlement, buyers in Arlington and Alexandria have more negotiating power regarding agent commissions, potentially saving them thousands on their overall purchase costs. This change allows for more flexibility in how down payments are structured.
Common Misconceptions
Many first-time buyers overlook the availability of programs that allow for lower down payments, especially in areas like Loudoun County, where new construction homes often come with incentives. Understanding these options can save buyers significant amounts upfront.
Northern Virginia Market Insights – January 2026
Understanding down payments requires knowing your local market:
| County | Median Price | Days on Market | Character |
|---|---|---|---|
| Fairfax County | $715,000 | 9 days | Most competitive |
| Loudoun County | $680,000 | 11 days | Tech corridor growth |
| Arlington County | $690,000 | 12 days | Metro-centric, urban |
| Prince William County | $495,000 | 14 days | Best value in NOVA |
| Alexandria City | $690,000 | 12 days | Old Town premium |
Source: Bright MLS, January 2026
What this means: Understanding the competitive nature of the market can help buyers strategize their down payment options effectively. Ready to discuss your options? Call (571) 233-2763 or book a free consultation.
Expert Tips from Paul Sneeringer
Tip 1: Consider Your Financing Options
Explore different loan programs available in Northern Virginia, especially for first-time buyers in areas like Ashburn and South Riding, where down payment assistance may be available.
Tip 2: Factor in Closing Costs
In addition to your down payment, remember to budget for closing costs, which can range from 2% to 5% of the purchase price, especially in competitive markets like Arlington.
Tip 3: Timing is Key
Consider the PCS season (May-August) when planning your purchase, as this is when many military families are relocating, impacting inventory and competition in areas like Woodbridge and Manassas.
Frequently Asked Questions
A typical down payment in Northern Virginia ranges from 5% to 20% of the home’s price. For a $715,000 home in Fairfax County, this means $35,750 to $143,000. Many buyers in neighborhoods like Burke are opting for lower down payments through FHA loans, which require as little as 3.5% down.
Saving for a down payment can vary based on income and expenses, but many buyers aim to save for at least 3-5 years. In Arlington, where homes are pricier, this timeline may extend. Consider setting up a dedicated savings account to reach your goal faster.
In Fairfax County, buyers typically provide a down payment as part of their purchase agreement. This amount is held in escrow until closing. Many first-time buyers in areas like Vienna can access down payment assistance programs to help cover costs.
A conventional loan usually requires a higher down payment (5-20%) compared to an FHA loan, which allows for as little as 3.5% down. In competitive markets like Loudoun County, FHA loans can be a great option for first-time buyers looking to enter the market.
To get started with your down payment, assess your finances and explore loan options. Many buyers in NOVA consult with local experts like me to find the best financing solutions. Call (571) 233-2763 to get started.
Continue Your Northern Virginia Real Estate Journey
Explore Our Northern Virginia Real Estate County Guides:
- Fairfax County – $715K median, most inventory
- Loudoun County – Tech hub, Ashburn/Leesburg
- Arlington County – Urban condos, Metro access
- Prince William County – Best value under $500K
Popular Northern Virginia Real Estate City Guides:
- Vienna – Top FCPS schools, Maple Ave charm
- McLean – Luxury estates, Langley High district
- Reston – Town Center, trails, Silver Line
- Ashburn – New construction, data center jobs
Helpful Northern Virginia Real Estate Resources:
- First-Time Buyer Guide – Step-by-step for NOVA
- Seller’s Checklist – Prep your home right
- Relocation Guide – Moving to NOVA?
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Paul Sneeringer · Northern Virginia Real Estate
⭐ 4.9 Stars · 200+ Sold · 12 Years
Loudoun
Arlington
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