Greater Lynchburg Habitat for Humanity Homeownership Program
Greater Lynchburg Habitat for Humanity Homeownership Program is a first mortgage for homebuyers in Lynchburg, Virginia, administered by Greater Lynchburg Habitat for Humanity.
The program asks for
- First-time homebuyer — the program sets its own definition
- The home is occupied as a primary residence
- A minimum 620 credit score
- A completed homebuyer education course
- Residency: Must have lived in the City of Lynchburg for at least 1 year (Amherst, Appomattox, Bedford, and Campbell Counties at board discretion).
- Citizenship or immigration status: U.S. citizen or legal permanent resident
- Minimum credit score 620; max DTI ~32%; 200-300 sweat equity hours; 1-year City of Lynchburg residency required; minimum 6 homeowner classes. HOME funding from City of Lynchburg confirmed. Distinct from the Lyn-CAG deferred DPA loan already in catalog.
- A home inside Lynchburg city limits
It doesn’t cover
- Households above 70% of area median income
- Homes outside Lynchburg
These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.
Income limit
70% of Lynchburg County’s area median income
HUD sets the area median income each year. The limit changes with household size, so a family of five has a higher limit than a single homebuyer.
Where it applies
Lynchburg’s homesLynchburg’s homes, and the ones this program accepts
- 54.9% single-familysingle-family
- 7.3% townhousetownhouse
- 9.4% 2–4 units2–4 units
- 27.4% 5+ unitscondo & apartment buildings (5+ units)
- 1% mobile & othermobile home & other
A tick marks a kind of home the program’s record lists. The agency confirms it for the home you choose.
$229,800
Lynchburg median home value
65.6%
built before 1980
U.S. Census Bureau, ACS 2024 5-year. More about buying in Lynchburg
How to apply
How to applyThree steps, in this order
Take a homebuyer education course
Required by the program before funds are reserved.
Contact Greater Lynchburg Habitat for Humanity to reserve funds
Funds are reserved with the provider and are subject to availability.
Work with a lender who handles the program
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.
Questions about this program
What is Greater Lynchburg Habitat for Humanity Homeownership Program?
Greater Lynchburg Habitat for Humanity Homeownership Program is a first mortgage for homebuyers in Lynchburg, Virginia, administered by Greater Lynchburg Habitat for Humanity. Greater Lynchburg Habitat for Humanity sells newly constructed homes to qualified first-time buyers at the cost of construction with a zero-interest mortgage and no down payment. Monthly payments of roughly $500-$750 include taxes and insurance escrow over a 20-30 year term. Requires 200-300 sweat-equity hours and at least six homeowner classes. Zero-interest mortgage. No down payment required. Monthly payment approx $500-$750 incl. taxes & insurance. Homebuyer education included. Funding comes from HOME Investment Partnerships Program (City of Lynchburg, $114,304 PY2024).
Do you have to pay it back?
Greater Lynchburg Habitat for Humanity Homeownership Program is a first mortgage and is repaid under the terms set by Greater Lynchburg Habitat for Humanity. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.
Who qualifies?
Greater Lynchburg Habitat for Humanity Homeownership Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. The program lists a minimum credit score of 620. A homebuyer education course is required. Residency requirement: Must have lived in the City of Lynchburg for at least 1 year (Amherst, Appomattox, Bedford, and Campbell Counties at board discretion). Citizenship or immigration status: U.S. citizen or legal permanent resident. Minimum credit score 620; max DTI ~32%; 200-300 sweat equity hours; 1-year City of Lynchburg residency required; minimum 6 homeowner classes. HOME funding from City of Lynchburg confirmed. Distinct from the Lyn-CAG deferred DPA loan already in catalog.
What are the income limits?
Greater Lynchburg Habitat for Humanity Homeownership Program limits household income to 70% of the area median income, which varies by county and household size. Household income generally 40%-70% AMI for the Lynchburg MSA (HUD AMI). Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.
What kind of home can it be used for?
Greater Lynchburg Habitat for Humanity Homeownership Program can be used for Single Family. New construction is eligible.
Where does it apply?
Greater Lynchburg Habitat for Humanity Homeownership Program serves homebuyers purchasing in Lynchburg, Virginia.
How do you apply?
Applications for Greater Lynchburg Habitat for Humanity Homeownership Program go through Greater Lynchburg Habitat for Humanity, 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.
Also for Lynchburg homebuyersOther programs open to Lynchburg homebuyers
- Down Payment Assistance Program (Lyn-CAG)Deferred
- Habitat for Humanity Virginia Statewide HOMEownership Down Payment Assistance ProgramUp to $40,000
- HOMEownership Down Payment Assistance Program (VHCDC)Up to $25,000
Whether two programs can be combined is up to each agency. Ask before you apply.
All 72 programs for LynchburgProgram terms are set by Greater Lynchburg Habitat for Humanity and can change; confirm on the official site before you apply.