Homeownership Program
With Affordable Mortgages
With community partners and donors, we build homes and provide pathways to affordable home mortgages, especially because the 2024 median home price in Powhatan is $467,000, according to the Virginia Association of Realtors.
If you would like to help offset our building cost, please donate here.
Read below to learn what is required for our homeownership partnership program and what to expect during the application process. Check back in 2026 when we reopen applications for our Homeowner Partner Program.
Eligibility Requirements
Have A Housing Need
To qualify you must have a housing need such as:
-
poor heating
-
leaks in the roof
-
overcrowding
-
unsafe or unsanitary conditions
-
cannot qualify for a conventional mortgage, or have more than 30 percent of gross monthly income going to your housing
Be A Powhatan Resident
You need to have lived or worked in Powhatan County for the last 12
months.
Applicants must be a U.S. citizen, a U.S. non-citizen national, or a
qualified alien.
Have the Ability to Pay
Your household should have had steady annual income for the past two years.
Meet the minimum income guidelines as outlined in the table below.
Income Guidelines
Annual gross household income is the amount of yearly income before taxes .
Household Size
Minimum Gross Annual Income
Maximum Gross Annual Income
1
$40,000
$63,600
2
$40,000
$72,650
3
$40,875
$81,750
4
$45,400
$90,800
5
$49,032
$98,100
6
$52,664
$105,350
7
$56,296
$112,600
8
$59,928
$119,900
Attend A
Pathways
Information Session
1
Submit A
Pre-Application by June 30, 2025
2
Submit Full Application & Qualify for Loan
3
Partner Finalists
Meet Family
Services Committee
4
Partner Selected
5
Selected Partner signs Partnership Agreement
6
7
Sweat Equity Begins
Home Dedication
and Closing
8
The Application Process
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