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Calvary Evangelical Baptist Church does not endorse or evaluate the advertised product, service or company nor any of the claims made by the advertisement.
Calvary Evangelical Baptist Church does not endorse or evaluate the advertised product, service or company nor any of the claims made by the advertisement.
We are pleased to inform you about several new and valuable benefits now available through the VHCDC Home Ownership Assistance Program (HOAP). These benefits are designed to support your journey toward homeownership, particularly for low-to-moderate income households. Below is an overview of the new offerings:
1. Virginia Individual Development Account (VIDA) Program
The VIDA program is a savings match initiative that helps qualified individuals save for a down payment on a home. Eligible participants will receive matching funds on their savings. Currently, the match rate is an impressive $10 for every $1 saved, up to a maximum of $10,000 in matching funds. This is an excellent opportunity for those working towards homeownership to significantly boost their savings.
2. SPARC Program
The SPARC (Sponsoring Partnerships and Revitalizing Communities) program provides qualified buyers with a 1% rate reduction on Virginia Housing mortgage bond-financed loans. This reduced rate can make homeownership more affordable and attainable for eligible participants.
3. VHCDC Down-Payment Assistance (DPA) Program Coming Soon!
The VHCDC DPA Program offers up to $10,000 in assistance toward your down payment and an additional $1,250 toward closing costs. This grant can make a substantial difference for those looking to purchase a home but needing financial support to cover these initial costs.
To take advantage of these programs, individuals must enroll in the VHCDC Home Ownership Assistance Program and meet specific eligibility requirements, including:
• Completion of 15 hours of homeownership education
• Completion of pre-purchase housing counseling
• Substantial completion of the Pre-Purchase Housing Work Plan
• No Open Collections, Charge-Offs, or Judgments
• Personal Savings of $1,500 or more
• Demonstrate monthly progress toward purchasing a home
• Use VHCDC In-House Service Partners
If you are contemplating purchasing a home anywhere in Hampton Roads, the Richmond-Petersburg area, Washington, DC/Northern Virginia, or Southside Virginia (Danville), we encourage you to explore these opportunities and take steps immediately toward achieving your homeownership goals!
For more information and to get started, please visit the Home Ownership Assistance Program page at www.vhcdc.org/own We look forward to your success!
Best regards,
James R Taylor, President
Virginia Housing and Community Development Corporation
a HUD approved Local Housing Counseling Agency (#90617)
www.vhcdc.net
www.vhcdc.org
www.facebook.com/vhcdcorg
1. Virginia Individual Development Account (VIDA) Program
The VIDA program is a savings match initiative that helps qualified individuals save for a down payment on a home. Eligible participants will receive matching funds on their savings. Currently, the match rate is an impressive $10 for every $1 saved, up to a maximum of $10,000 in matching funds. This is an excellent opportunity for those working towards homeownership to significantly boost their savings.
2. SPARC Program
The SPARC (Sponsoring Partnerships and Revitalizing Communities) program provides qualified buyers with a 1% rate reduction on Virginia Housing mortgage bond-financed loans. This reduced rate can make homeownership more affordable and attainable for eligible participants.
3. VHCDC Down-Payment Assistance (DPA) Program Coming Soon!
The VHCDC DPA Program offers up to $10,000 in assistance toward your down payment and an additional $1,250 toward closing costs. This grant can make a substantial difference for those looking to purchase a home but needing financial support to cover these initial costs.
To take advantage of these programs, individuals must enroll in the VHCDC Home Ownership Assistance Program and meet specific eligibility requirements, including:
• Completion of 15 hours of homeownership education
• Completion of pre-purchase housing counseling
• Substantial completion of the Pre-Purchase Housing Work Plan
• No Open Collections, Charge-Offs, or Judgments
• Personal Savings of $1,500 or more
• Demonstrate monthly progress toward purchasing a home
• Use VHCDC In-House Service Partners
If you are contemplating purchasing a home anywhere in Hampton Roads, the Richmond-Petersburg area, Washington, DC/Northern Virginia, or Southside Virginia (Danville), we encourage you to explore these opportunities and take steps immediately toward achieving your homeownership goals!
For more information and to get started, please visit the Home Ownership Assistance Program page at www.vhcdc.org/own We look forward to your success!
Best regards,
James R Taylor, President
Virginia Housing and Community Development Corporation
a HUD approved Local Housing Counseling Agency (#90617)
www.vhcdc.net
www.vhcdc.org
www.facebook.com/vhcdcorg
