You're HOME Hampton Roads - Hampton Roads Loan Fund Partnership (HRLFP) Down Payment & Closing Cost Assistance

What is You're HOME Hampton Roads - Hampton Roads Loan Fund Partnership (HRLFP) Down Payment & Closing Cost Assistance?

You're HOME Hampton Roads - Hampton Roads Loan Fund Partnership (HRLFP) Down Payment & Closing Cost Assistance is a forgivable loan for homebuyers in Williamsburg; Poquoson, Virginia, administered by Hampton Roads Planning District Commission (HRPDC), Housing & Human Services.

• The Hampton Roads Loan Fund Partnership ('You're HOME Hampton Roads'), administered by HRPDC using HUD HOME funds via Virginia DHCD, provides eligible first-time buyers a forgivable, no-interest soft-second of 10% of the sales price up to $14,500 when buying in James City County, York County, Gloucester County, Poquoson, or Williamsburg. Fully forgiven after a 5-year affordability period.
• Forgivable second-mortgage grant of 10% of price up to $14,500.
• 0% interest, no payments.
• fully forgiven after 5 years.
• Funding comes from HUD HOME funds via Virginia DHCD.

How much assistance does it provide?

You're HOME Hampton Roads - Hampton Roads Loan Fund Partnership (HRLFP) Down Payment & Closing Cost Assistance offers up to $14,500 in assistance.

• The program asks buyers to contribute 1% of sales price from buyer's own funds (documented buyer-paid expenses may count).
• Amounts are the program's published maximums, not an offer — Hampton Roads Planning District Commission (HRPDC), Housing & Human Services determines any individual award.

Do you have to pay it back?

You're HOME Hampton Roads - Hampton Roads Loan Fund Partnership (HRLFP) Down Payment & Closing Cost Assistance is forgiven after 5 years, so a buyer who stays that long does not repay it.

• Repayment is triggered by Sale, transfer, lease, deed, or conveyance of all/part of the property or any interest within 5 years of closing places the note in default; after 5 years the note is cancelled.
• The assistance is recorded in Second position.
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

You're HOME Hampton Roads - Hampton Roads Loan Fund Partnership (HRLFP) Down Payment & Closing Cost Assistance is open to first-time homebuyers and buyers who will live in the home as their primary residence.

What are the income limits?

You're HOME Hampton Roads - Hampton Roads Loan Fund Partnership (HRLFP) Down Payment & Closing Cost Assistance limits household income to 80% of the area median income, which varies by county and household size.

• Household income may not exceed 80% AMI by size (Rev. 05/2026 flyer: 4-person $86,150; 1-person $60,350; 8-person $113,750).
• 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?

You're HOME Hampton Roads - Hampton Roads Loan Fund Partnership (HRLFP) Down Payment & Closing Cost Assistance can be used for Single Family, Condo, Manufactured, and New Construction.

• New construction is eligible.
• Manufactured homes are eligible.

Where does it apply?

You're HOME Hampton Roads - Hampton Roads Loan Fund Partnership (HRLFP) Down Payment & Closing Cost Assistance serves buyers purchasing in Williamsburg; Poquoson, Virginia.

• The program targets specific areas: Targets neighborhoods/populations historically underserved by mortgage lenders; recipients are first-time buyers, ~2/3 racial minorities, ~half female-headed single-parent families.

How do you apply?

Applications for You're HOME Hampton Roads - Hampton Roads Loan Fund Partnership (HRLFP) Down Payment & Closing Cost Assistance go through Hampton Roads Planning District Commission (HRPDC), Housing & Human Services, 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 Virginia Housing Homeownership Program first-time homebuyer education (in-person; certificate required)..

2. 2

   Contact Hampton Roads Planning District Commission (HRPDC), Housing & Human Services to reserve funds

   Funds are reserved with the provider 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.