VHCDC

Our Goal: $250,000

Current Total:

$22,090

Homeownership



Home Ownership Assistance Program - VHCDC’s Home Ownership Assistance Program (the Program) is a two year, pre-purchase assistance initiative that empowers first-time home buyers and helps prior homeowners get a second chance.  As a client, you’ll access a dedicated team of professionals with the expertise and resources to move you from renter to home owner.  The program is especially helpful to individuals and families that are being negatively impacted by low credit ratings (FICO scores), or have lost a home due to foreclosure or a short-sale.

As a client, you can expect a written action plan designed to improve your credit rating (FICO score) and guidance to develop a household budget. The objective of the action plan is to provide you a roadmap to increase your credit score above 600, where you’ll find the best mortgage interest rates.  Most of our clients achieve this milestone within the first year of the program.  Once you’ve reached this milestone we’ll assist you with your mortgage application and, upon approval, engage the rest of our Home Ownership Service Partners to help you locate and secure your new home. Click here to download the enrollment forms and get started today!

Home Buyer Services - Ready to buy? Click here to download our Home Ownership Questionnaire. Complete the form, then give us a call. We'll connect you with our dedicated team of professionals and get to work helping you secure affordable financing, identify available downpayment assistance grants, and help you locate and negotiate the purchase of your new home. We'll also connect you with all of the services needed to close and protect your investment.

Home Buyer Education - The choice to purchase a home is probably one of the most significant financial decisions you'll make in your life. As a result, we believe it is important you understand the essential ingredients to achieving that dream of owning your own home. The class will help you understand your mortgage financing options and teach you the mechanics of buying a home. You'll learn all about working with a realtor, the importance of getting a home inspection and property survey, the essentials of title insurance, the purpose of escrow, the closing process, second chance financing options, and down-payment assistance grants that could help you purchase that home of your dreams. See our Community Calendar on the right for the next class and register today!

Home Purchase Rebate Program - VHCDC’s Home Purchase Rebate Program provides up to $1,500 to eligible home buyers to assist with their transition to home ownership. The rebate is disbursed in two parts. The first part is disbursed at closing/settlement as a credit to the buyer towards the cost of a survey, appraisal, home inspection (VA and FHA only), or first or second year home warranty premium. The second part is disbursed to the buyer within thirty (30) days of closing/settlement. Program terms and conditions apply. Click here for details.

Note: Enrollment in the VHCDC Home Ownership Assistance Program, Home Buyer Services, and Home Purchase Rebate Program is limited to residents of and single-family, owner-occupied properties located in the cities of Chesapeake, Hampton, Newport News, Norfolk, Portsmouth, and Suffolk, and Isle of Wight and York counties.

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Promote Home Ownership - Download our Home Ownership Program flyer and help us introduce home ownership in your community, church, or organization. Contact us today to schedule an event for your church or organization.