City of Hampton Homebuyer Assistance Program

City of Hampton Homebuyer Assistance Program is a second mortgage for homebuyers in Hampton, Virginia, administered by Hampton Redevelopment and Housing Authority (on behalf of the City of Hampton). The City of Hampton offers financial assistance to low-income homebuyers purchasing homes in its downtown Housing Venture neighborhoods (Pasture Point and Olde Hampton). Eligible buyers can qualify for up to the lesser of $20,000 or 20% of the sales price toward down payment and closing costs. The program is administered by the Hampton Redevelopment and Housing Authority, which limits its down payment assistance to homes Hampton RHA is selling and requires pre-purchase homebuyer education; income limits apply. Down payment assistance up to lesser of $20,000 or 20% of sales price. Closing cost assistance. Pre-purchase homebuyer workshops/education. Housing Quality Standards inspection of the home. Funding comes from City of Hampton (subrecipient of HUD HOME and CDBG funds administered by Hampton RHA).

City of Hampton Homebuyer Assistance Program offers up to $20,000 in assistance. Amounts are the program's published maximums, not an offer — Hampton Redevelopment and Housing Authority (on behalf of the City of Hampton) determines any individual award.

City of Hampton Homebuyer Assistance Program is a second mortgage and is repaid under the terms set by Hampton Redevelopment and Housing Authority (on behalf of the City of Hampton). Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

City of Hampton Homebuyer Assistance Program is open to homebuyers who will live in the home as their primary residence. A homebuyer education course is required, through Hampton Redevelopment and Housing Authority (HUD-Approved Housing Counseling Agency) facilitates free Virginia Housing Homeownership Education Classes. Down payment assistance is available only on homes being sold by Hampton RHA (listed in the local MLS); income limits apply; homebuyer education/workshops required. NOTE (gap-finder): exact income limits, credit score, DTI, lien position, and first-time-buyer requirement are not published on official Hampton sources; verify with HRHA before publishing.

City of Hampton Homebuyer Assistance Program sets its income limit as follows: Income-eligible (low-income) homebuyers; income limits apply per Hampton RHA (specific dollar limits not published). Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

City of Hampton Homebuyer Assistance Program can be used for Single Family.

City of Hampton Homebuyer Assistance Program serves homebuyers purchasing in Hampton, Virginia. The program targets specific areas: Two downtown Hampton Housing Venture neighborhoods: Pasture Point and Olde Hampton.

Applications for City of Hampton Homebuyer Assistance Program go through Hampton Redevelopment and Housing Authority (on behalf of the City of Hampton), which publishes the current terms and the application steps on its own site. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.