Finanical Aid-Mortgage - Williamsburg, James City County Housing and Community Development
5320 Palmer Lane, Suite 1A, Williamsburg, VA 23188
Eligibility
These programs have eligibility requirements, including but not limited
to: You may not have owned a home in the last 3 years You must have
stable income that is sufficient to afford the mortgage payment Your
household income may not exceed specified limits You should have a
credit score of 620 or higher and a credit report should not show
unpaid collections or past due accounts You will be required to pay
$3,000 toward the downpayment and closing costs
Hours
8am to 5pm from Monday through Friday
(757) 259-5340
Voice
Languages
Spanish
Application process
Contact intake. Application and pre-screening required. Appointment required.
Fees
No fee
Service area
James City, VA
The First-time Homebuyer Program offers homeowner education classes, credit report reviews and housing counseling to assist County residents and local workforce in purchasing safe, decent, affordable housing. The program also assists qualified buyers with down payment and closing cost assistance and in designated areas offers low-interest rate financing. HRPDC HOME down payment assistance funds are available to assist with purchases of homes throughout the County. The Community Homeownership Revitalization funds are available to purchase attached and detached single-family homes in designated revitalization areas. The Community Homeownership Revitalization Program sets aside funds for permanent financing with an interest rate 0.5% below VHDA's prevailing rate at the time the lender locks in the loan.
Providing organization
James City County Housing
Offers a wide range of housing assistance services and programs to low- and moderate-income County residents.