Hampton Roads Loan Fund Partnership (HRLFP)

Administered by: Hampton Roads Planning District Commission / Hampton Redevelopment and Housing Authority · City · Forgivable Loan

Funding status: Active

How much assistance

Down payment and closing cost assistance provided as a forgivable, no-interest soft second mortgage loan. Amount varies based on need and funding availability. (Forgivable Loan)

Forgivable with no interest and no monthly payments. Subject to principal residence requirement, affordability period, and recapture restrictions.

Eligibility

  • Income limits: Household income below 80% of the Area Median Income.
  • First-time buyer required: Yes — Must be a first-time homebuyer.
  • Geographic restrictions: Serves the City of Hampton through the Hampton Redevelopment and Housing Authority.
  • Homebuyer education required: Yes

How to Apply for Hampton Roads Loan Fund Partnership (HRLFP)

Step 1: Contact the Hampton Redevelopment and Housing Authority at 757-727-1521 (contact: Sherri Payton). Must be pre-approved with a Virginia Housing approved lender. Complete homebuyer education.

Visit program website

Notes

Funded through HUD HOME Investment Partnerships Program via DHCD. The HRPDC serves as regional administrator. Hampton RHA is the local contact for Hampton residents.

Cities Where This Program Is Available