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 HOPE's
Homeownership Program provides a variety of
assistance to individuals and families who are interested in owning a home.
Housing, credit and budget counseling are key components of the program to adequately
prepare clients for making the step to homeownership. In addition, HOPE offers a
wide-range of mortgage options for any potential buyer, including previous
homeowners. Affordable
loan packages are available through our lending partners for lower income families
as well as buyers who need financing for existing homes, new homes or
manufactured homes. HOPE also
provides affordable housing solutions through the planned development of new
home communities.
Click here for our homeownership
flowchart that explains the process (pdf).
Certifications
Counseling Services
 | Pre-purchase counseling |
| Pre-purchase homebuyer education |
| Mortgage delinquency |
| Home equity conversion mortgage (reverse mortgage) |
| Loss mitigation |
| Post-purchase counseling |
| Money/debt counseling |
| Fair housing assistance |
| Homeless |
| Asset/wealth building |
Training Schedule
|
Homebuyer Education Series |
|
Date |
Time |
Topic |
| Thursday, September 25, 2008 |
6:00 p.m. to 7:30 p.m. |
Personal Finances |
| Thursday, October
23, 2008 |
6:00 p.m. to 7:30 p.m. |
Credit Reports/Credit Issues |
| Thursday, November 20, 2008 |
6:00 p.m. to 7:30 p.m. |
Role of the Lender/Role of the Real Estate Agent |
| Thursday,
December 18, 2008 |
6:00 p.m. to 7:30 p.m. |
Home Inspection Process/Fair Housing Act |
| Thursday, January 22, 2009 |
6:00 p.m. to 7:30 p.m. |
Loan Closing Process |
| Thursday, February 19, 2009 |
6:00 p.m. to 7:30 p.m. |
Post Purchase/Home Maintenance |
All sessions will be held at:
Wytheville Community College (map
it)
Carroll Hall, Room 228
1000 E. Main Street
Wytheville, VA 24382
The training series is open to anyone interested; however, you must
pre-register and space is limited. There is a one-time $25.00 fee to cover
materials and the participant's credit report.
For more information about the Homebuyer Education Series or to
pre-register, call Amanda Romans at (276) 228-6280, Ext. 216, or email
aromans@wythehope.org or call
Russell Catron at (276) 228-6280, Ext. 213, or email
rcatron@wythehope.org
Mortgage Options
| CONV, VA |
| FHA (coming soon) |
| USDA Rural Development - Direct and Guaranteed |
| Brokered loans to trusted lenders |
| FAHE in-house market rate loans |
| VHDA, REACH, THDA, NewStart |
| Grants for down payments |
| Lease/purchase options |
Planned Communities 
HOPE's
Deerfield Community is an innovative and
environmentally friendly subdivision in Wytheville developed through a
combination of federal, state, and private funding. With several lots remaining, Deerfield provides
buyers with modular or site-built floor plans around $140,000.
Affordable financing is available, with monthly payments of principal and
interest designed to be 25% of your monthly income. These homes are a wonderful
opportunity for families with average to good credit and annual incomes under 65% of the
area's median income. In Wythe County, that ranges from $26,520 for a family of
two, to $33,144 for a family of four, and $38,472 for a family of six. In
some instances, up to 80% of the area's median income is eligible, which equals
$40,800 for a family of four.
Other Programs
HOPE offers many other financing programs for any buyer, including previous
homeowners, to purchase existing, new or manufactured homes. Many of these
programs offer higher income level qualifications and are not limited to
HOPE-developed properties.
Click here to see floor plans and spec
sheets for new manufactured homes.
Our Partners
Intake
To apply for assistance through the Homeownership Program, complete the
pre-application form and return it to the HOPE office.
HOPE Homeownership Pre-Application Form
(pdf)
Related Publications
Deerfield
Update, December 2007 (pdf)
Homeownership
Program-A Different Approach to Home Mortgages (pdf)
Fair Housing Resource Guide (pdf)
Homeownership Flowchart (pdf)
Contact
For more information about HOPE's Homeownership Program, call Russell Catron at (276)
228-6280, Ext. 213 or email
rcatron@wythehope.org.
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