Down Payment Assistance
USVI Down Payment AssistanceVI Slice
The Virgin Bay Advantage
Your Premier VI Slice Partner
As the largest independent local lender, Virgin Bay Mortgage is your premier partner for navigating local government assistance programs like VI Slice.
Local Expertise
Deep roots in the USVI market and an understanding of island properties.
In-House Underwriting
Every step under one roof for faster approvals and fewer delays.
Local Loan Servicing
We keep servicing your loan after closing, so you always deal with us.
What is the VI Slice Program?
The VI Slice Moderate Income Homeownership Program is designed to bridge the gap for Virgin Islanders who can afford a monthly mortgage payment but lack the large 20% down payment typically required in the territory.
How It Works
Gap Financing
The program provides up to $100,000 (for down payments and closing costs) or up to $200,000 aggregate to complete your home purchase or construction.Forgivable Grant
This gap financing turns into a grant (meaning you don't have to pay it back) as long as you maintain the home as your primary residence for 10 years.Who It's For
Moderate-income, first-time homebuyers looking to plant permanent roots in the USVI.
Ready to Own Your Slice of the VI?
Talk with a local loan officer who knows the USVI market. We respond within 24 hours.
Explore More
Explore Our Other Loan Programs
Conventional Mortgages
Ideal for primary residences, second homes, and investment properties with strong income and more flexible underwriting guidelines.
Learn moreFHA Loans
Buy your island home with only 3.5% down. Flexible low down payment options for primary homeowners.
Learn moreUSDA Loans
St. Croix is highly eligible for USDA Rural Development loans, offering qualified buyers 100% financing (zero down payment).
Learn more
1-340-714-0033
contact@virginbay.com
A2-7, Red Hook Quarters, 6100, No. 2 Suite, St. Thomas, 00802
Mon-Fri: 9:00AM - 5:00PM
Sat: By Appointment
Sun: Closed
1-340-714-0033
Mon-Fri: 9:00AM - 5:00PM
Sat: By Appointment
Sun: Closed
Get Started Today
Contact our team of experts for personalized advice. Guaranteed to respond within 24 hours.
Local, Experienced, Trustworthy Advice For The USVI Mortgage Market
Loan Programs
Location & Hours
6100 Red Hook Quarters
Suite A2-7
St. Thomas, VI. 00802
Mon-Fri: 9:00AM - 5:00PM
Sat: By Appointment
Sun: Closed
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