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

What is 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.

Do you have to pay it back?

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.

Who qualifies?

Habitat for Humanity Peninsula and Greater Williamsburg — First-Time Homebuyer Program is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

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.

What kind of home can it be used for?

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.

Where does it apply?

Habitat for Humanity Peninsula and Greater Williamsburg — First-Time Homebuyer Program serves buyers 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).

How do you apply?

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.

1. 1

   Take a homebuyer education course

   Required by the program, through Habitat for Humanity Peninsula and Greater Williamsburg (homebuyer education and financial literacy classes required before purchase)..

2. 2

   Contact Habitat for Humanity Peninsula and Greater Williamsburg to reserve funds

   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., and are subject to availability.

3. 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.