Programs and Services

United Way of Wythe County

Twin County United Way
 

Homeownership Program

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. Click here for more information on HOPE's housing counseling services.

HOPE also 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.

HOPE is an affiliate of JustChoice Lending, which now offers a special mortgage product exclusively for homebuyers in Central Appalachia. Rural Housing 502 Direct Loans are funded by the federal government and mortgage payments are based on the household's adjusted income. Getting a 502 loan provides an opportunity to own your home and build equity for the future. Financing options are available for clients with fixed incomes, those who are self-employed, and the working class. A 502 can offer:

JustChoice Lending is backed by the Federation of Appalachian Housing Enterprises (FAHE), a regional network of nonprofit housing providers that is a Certified Fair and Safe mortgage lender with more than 25 years of lending experience. Click here to learn more about this mortgage product.

HOPE is also an intermediary organization for the Virginia Individual Development Accounts (VIDA) Program, which can help you achieve your dream of owning your own home. The VIDA program will match your savings $2 to every $1 you save into a VIDA account. Click here to learn more about this program.

Click here to learn more about the tax credit of up to $8,000 for qualified home buyers authorized by the American Recovery and Reinvestment Act of 2009.

Certifications

Mortgage 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 $142,000.

Click here to see a plat of the Deerfield community (pdf).

Affordable financing is available, with monthly payments of principal and interest designed to be 25% of your gross 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 $28,437 for a family of two, to $35,555 for a family of four, and $41,235 for a family of six.  In some instances, up to 80% of the area's median income is eligible, which equals $43,760 for a family of four.

I'M HOME

The I'M HOME program offers many financing options for any buyer, including previous homeowners, to purchase existing, new or manufactured homes. Many of these options offer higher income level qualifications and are not limited to HOPE-developed properties. Click here to read Manufacturing Housing's Top 10 Truths (pdf).

Click here to see floor plans and spec sheets for new manufactured homes offered through HOPE.

Click here to learn how HOPE's I'M HOME partner, Frontier Housing, plans to replace pre-1976 mobile homes with new energy efficient manufactured homes through pending legislation that would offer $7,500 rebates to purchasers (pdf).

Common Questions

Click here for the U.S. Department of Housing and Urban Development's (HUD) Common Questions from First-time Homebuyers.

Our Partners

Related Publications

Deerfield Update, Summer 2010 (pdf)
Deerfield Update, Spring 2010 (pdf)
Deerfield Update, December 2007 (pdf)
Homeownership Program-A Different Approach to Home Mortgages (pdf)
Fair Housing Resource Guide (pdf)
502 Homeownership Loans Through JustChoice Lending (pdf)

Contact

For more information about HOPE's Homeownership Program, call (276) 228-6280 or email hope@wythehope.org.