Habitat for Humanity Peninsula and Greater Williamsburg — First-Time Homebuyer Program

Habitat for Humanity Peninsula and Greater Williamsburg — First-Time Homebuyer Program is a first mortgage for homebuyers in Newport News, Virginia, administered by Habitat for Humanity Peninsula and Greater Williamsburg. Habitat for Humanity Peninsula and Greater Williamsburg's First-Time Homebuyer Program helps lower-income families buy a newly constructed or renovated Habitat home financed with a zero-interest-equivalent (0%) 20-to-30-year mortgage. The affordable payment — no more than 30% of gross income including taxes and insurance — functions as the assistance in lieu of a separate down payment loan. There is no cash down payment; buyers complete at least 300 hours of sweat equity and required homebuyer education. Applications are accepted during an annual April round (2026 round closed; next opens April 2027). Zero-interest-equivalent (0%) affordable mortgage. no cash down payment. payment capped at 30% of income incl. taxes/insurance. brand-new or renovated home. homebuyer education and financial literacy training. Funding comes from Donations, sponsors, and Habitat affiliate funds; homes built with volunteer and sweat-equity labor.

Habitat for Humanity Peninsula and Greater Williamsburg — First-Time Homebuyer Program is a first mortgage and is repaid under the terms set by Habitat for Humanity Peninsula and Greater Williamsburg. Repayment is triggered by Affordable, zero-interest-equivalent monthly mortgage payments over a 20-30 year term; the home is purchased, not granted. The assistance is recorded in First position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Habitat for Humanity Peninsula and Greater Williamsburg — First-Time Homebuyer Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time" has exceptions here: Cannot have owned a home within the past three years. On credit, the program states: No minimum credit score stated. Clean credit history required: unpaid collections/charge-offs/judgments/liens satisfied; no late loan/credit payments in last 12 months; 2+ years past any bankruptcy discharge with re-established credit. A homebuyer education course is required, through Habitat for Humanity Peninsula and Greater Williamsburg (homebuyer education and financial literacy classes required before purchase). Residency requirement: Must live or work for at least one year in Hampton, James City County, Newport News, Poquoson, Williamsburg, York County, Charles City County, or New Kent County. 300-hour sweat-equity requirement; first-time (no ownership in past 3 years); must live/work in service area 1+ year; clean credit; DTI under 40% with Habitat mortgage; income within published min/max. $55/applicant fee. James City County applicants purchase through the JCC Community Land Trust. Status: 2026 application period CLOSED; next round April 2027 (recurring program, not discontinued). Special-population flags set false (program open to all qualifying applicants, no population-specific carve-out).

Habitat for Humanity Peninsula and Greater Williamsburg — First-Time Homebuyer Program sets its income limit as follows: Total annual gross income from all household members must fall between published minimum and maximum for household size. Max: 1=$59,650; 2=$68,200; 3=$76,700; 4=$85,200; 5=$92,050; 6=$98,850; 7=$105,650; 8=$112,500. Min: 1=$29,840; 2=$34,080; 3=$38,360; 4=$42,600; 5=$46,040; 6=$49,440; 7=$52,840; 8=$56,240. The limit applies to total household income, not only the borrower’s. The program lists a maximum household size of 8. 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 Peninsula and Greater Williamsburg — First-Time Homebuyer Program caps the purchase price as follows: Home sold at an affordable price so the zero-interest payment (incl. taxes/insurance) is no more than 30% of buyer income. Eligible property types include Single Family. New construction is eligible. Manufactured homes are not eligible.

Habitat for Humanity Peninsula and Greater Williamsburg — First-Time Homebuyer Program serves homebuyers purchasing in Newport News, Virginia. The program targets specific areas: Current build cycle targets Charles City County, Hampton, and James City County (2026 application round / 2027 construction).

Applications for Habitat for Humanity Peninsula and Greater Williamsburg — First-Time Homebuyer Program go through Habitat for Humanity Peninsula and Greater Williamsburg, which publishes the current terms and the application steps on its own site. Funds are reserved through Annual open application round each April (2026 round closed April 30, 2026; next round April 2027). Family Selection Committee reviews based on need, ability to pay, and lots available. 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.