Frequently Asked Questions

1. How do I qualify for a home?

a. Income. You may earn up to $54,950.00 (2019 schedule) per year for a family of four (80% of the median income). This amount will vary up and down depending on the number of people in your household. Your income also must not be so low that you can not pay the mortgage loan and maintain reasonable household expenses. Homes at market rates are also available for all income levels. For current applicable income levels call (540) 810-6510.

b. Good Credit. Your credit should be acceptable to the mortgage lender (VHDA). If your credit is not good there are several ways of fixing it. We will work with you.

c. Hope Community Builders enforces both the Federal and Virginia Fair Housing laws. If you qualify (income, credit history and other applicable regulations), you have a right to a house. We affirmatively market to prospective minority homebuyers in our community.