Habitat for Humanity of the New River Valley Homeownership Program

Habitat for Humanity of the New River Valley Homeownership Program is a first mortgage for homebuyers in Christiansburg, Virginia, administered by Habitat for Humanity of the New River Valley. Habitat for Humanity of the New River Valley constructs and sells affordable homes (including townhomes) to income-qualified buyers with a zero-interest mortgage and no profit margin. Serves Floyd, Giles, Montgomery, and Pulaski Counties and the City of Radford. Active project: Airport Road Townhomes.

Habitat for Humanity of the New River Valley Homeownership Program is a first mortgage and is repaid under the terms set by Habitat for Humanity of the New River Valley. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Habitat for Humanity of the New River Valley Homeownership Program is open to homebuyers who will live in the home as their primary residence. A homebuyer education course is required. Citizenship or immigration status: All household members must be U.S. citizens or legal permanent residents. Sweat equity required (count not published online). Demonstrated inadequate housing; willingness and ability to partner; income demonstrating need and repayment ability. Distinct from New River Home Trust CLT (already in catalog) — NRV Habitat provides a direct affordable mortgage, not a ground lease.

Habitat for Humanity of the New River Valley Homeownership Program limits household income to 80% of the area median income, which varies by county and household size. Household income generally 30%-80% AMI for the Blacksburg-Christiansburg-Radford VA 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.

Habitat for Humanity of the New River Valley Homeownership Program can be used for Single Family and Townhouse. New construction is eligible.

Habitat for Humanity of the New River Valley Homeownership Program serves homebuyers purchasing in Christiansburg, Virginia.

Applications for Habitat for Humanity of the New River Valley Homeownership Program go through Habitat for Humanity of the New River Valley, 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.