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Greater Lynchburg Habitat for Humanity Homeownership Program

Greater Lynchburg Habitat for Humanity · Lynchburg, Virginia

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Income limit

70% AMI

Of area median income; varies by county and household size

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 buyers who will live in the home as their primary residence.

The program requires

  • 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
  • DRAFT (dpa-gap-finder 2026-06-13): pending review. 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.

The program excludes

  • Households above 70% of area median income

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

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 buyers 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.

  1. Take a homebuyer education course

    Required by the program before funds are reserved.

  2. Contact Greater Lynchburg Habitat for Humanity to reserve funds

    Funds are reserved with the provider and are subject to availability.

  3. 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 buyer can take it to a lender or housing counselor.

Learn this program

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Greater Lynchburg Habitat for Humanity Homeownership Program, explained

A short, free course on Greater Lynchburg Habitat for Humanity Homeownership Program: what it is, who it is for, what the program sets and what your lender sets, where it applies and how to apply. Based on program data from July 2026. About ten minutes.

5 modules · About 10 minutes

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