Our affordable housing opportunities make home financing more attainable.
Buying a home is one of the largest investments people will make in their lives, and C&F Mortgage is dedicated to providing innovative financing solutions to make this dream a reality. There are many affordable housing opportunities available to help make home financing more attainable. Click on any of those options below to learn more:
Low-to-No Down Payment Options
Did you know you could have as low as a 0% down payment to buy a home? Check out these great options that all offer low to no down payment opportunities to qualified borrowers.
Down Payment Assistance
Many organizations provide funds to qualified homebuyers to help meet down payment requirements. Below outlines many participating organizations – please contact them directly to learn more.
Virginia Housing
Virginia Housing offers affordable housing opportunities for Virginians who otherwise might not be able to afford quality housing. Virginia Housing offers solutions with as little as no down payment.
This program is offered through C&F Mortgage. View more information >>>
FHLB Down Payment Assistance and Grant Funds
Through our partnership with the Federal Home Loan Bank (FHLB), we are proud to offer these grant funds to be used toward your down payment or closing costs.
This program is offered through C&F Mortgage. View more information >>>
Maryland Mortgage Program
The Maryland Mortgage Program (MMP), provided by the Maryland Department of Housing and Community Development (DHCD), provides 30-year fixed-rate home loans to eligible homebuyers purchasing in Maryland with competitive loan terms and a range of associated financial incentives and other assistance that, for many homebuyers, means the difference between being able to purchase and continuing to rent.
This program is offered through C&F Mortgage. View more information >>>
Housing Opportunities Made Equal of Virginia, Inc. (HOME)
Since 1975, Home has been educating buyers by offering free help, including one-on-one pre-purchase counseling, group classes taught by industry professionals, money management tools, credit recovery classes, and more. Through Virginia Housing SPARC (Sponsoring Partnerships & Revitalizing Communities), there is available funding to help support qualified homebuyers.
Contact organization directly to learn more >>>
Southside Community Development & Housing Coalition
This organization provides residential and commercial development, homeownership education and counseling, financial counseling and coaching, employment services, and supportive programs to low-income families throughout the Central Virginia region. SCDHC is the only historically Black-led, affordable housing non-profit in Central Virginia and 100% of its full-time staff are Black or Latinx.
Virginia Department of Housing and Community Development (DHCD)
DHCD offers many resources to assist with housing needs. From housing rehabilitation to homebuyer resources, multiple programs offer state and federal funding sources to provide safe and affordable housing throughout Virginia. Through Virginia Housing SPARC (Sponsoring Partnerships & Revitalizing Communities), there is available funding to help support qualified homebuyers.
Habitat for Humanity Virginia
To build a better and more just Northern Virginia, Habitat for Humanity Virginia believes in the need to build communities that are diverse and inclusive. Habitat NOVA sells homes to income-eligible households and sold at no profit. Mortgage payments of approved applicants will be no more than 30% of the gross monthly income of the applicant(s).
Reduced Rate Funding through Virginia Housing SPARC (Sponsoring Partnerships & Revitalizing Communities) Funds
SPARC is a special allocation of reduced rate funding made available by Virginia Housing financing to local governments, non-profits and housing industry partners to support special housing needs. Funds are allocated to the sponsor organizations based on applications submitted by the housing agency to Virginia Housing. It is a 1.00% adjustment to the interest rate below Virginia Housing interest rates on comparable eligible products. Contact the organizations directly to learn more about availability.
Arlington County Government
They offer a Low Interest Mortgage Program providing qualified low to moderate income first-time homebuyers who purchase in Arlington an opportunity to receive a mortgage interest rate reduction.
Blue Ridge Housing Network, Inc.
They provide funding for affordable first mortgages that support a local jurisdiction’s efforts for targeted revitalization and neighborhood stabilization. Allocations must be used to fund permanent home purchase mortgages to qualified Virginia Housing first-time homebuyers. This funding is for Frederick, Page, Shenandoah and Warren Counties and the City of Winchester only.
centro de apoyo Familiar (CAF)
The CAF is a non-profit, HUD approved comprehensive Housing Counseling Agency. They provide free educational workshops as well as a full range of Housing Counseling services, including: (1) Pre-purchase; (2) Foreclosure; (3) Non-delinquency Post-purchase; and (4) Rental Counseling. CAF serves annually over 15,000 low-income Latino and immigrant families.
City of Alexandria - Office of Housing
Through this program, the City and its nonprofit partner, Rebuilding Together Alexandria, acquire and fully renovate distressed properties and offer these homes for sale to income-eligible, first-time homebuyers. The homes are available to homebuyers who live or work in the City of Alexandria and have a gross annual income below 80% of the area median income.
Community Housing Partners Corporation (CHP)
Founded in 1975, CHP provides quality-built, responsibly managed, service-enriched homes for low-income individuals and families across the Southeast and Mid-Atlantic. CHP is a 501(c)(3) nonprofit that works with private and public partners to develop and preserve award-winning homes and neighborhoods.
Fairfax County Redevelopment and Housing Authority (FCRHA)
The FCRHA was awarded an allocation of funding to help qualified first-time homebuyers purchase a home in Fairfax County. The funding can be used to buy down the interest rate by 1% for first-time homebuyers who meet Virginia Housing’s eligibility and underwriting requirements.
First Home Alliance, Inc.
First Home Alliance of Northern Virginia is a HUD-approved 501(c)3 not-for-profit, housing counseling agency that promotes financial literacy and economic self-sufficiency. The company’s mission is to increase home ownership among low-to-moderate income communities and to sustain ownership for present homeowners through loss-mitigation counseling and foreclosure intervention.
Habitat for Humanity Virginia
To build a better and more just Northern Virginia, Habitat for Humanity Virginia believes in the need to build communities that are diverse and inclusive. Habitat NOVA sells homes to income-eligible households and sold at no profit. Mortgage payments of approved applicants will be no more than 30% of the gross monthly income of the applicant(s).
Hampton Redevelopment Housing Authority
The Hampton Redevelopment and Housing Authority (Authority) is a political subdivision of the Commonwealth of Virginia and was created by the General Assembly of Virginia on January 27, 1958. The Authority contracts with the United States Department of Housing and Urban Development to be responsible for two major housing programs: They own and operate three public housing apartment complex and manage over 2,000 Section 8 Housing Choice Vouchers.
Hampton Roads Planning District Commission (HRPDC)
The HRPDC collaborates with local government agencies and non-profit organizations to coordinate local initiatives on housing and human services issues in the effort to develop effective and efficient solutions to our region’s housing and human service needs. HRPDC is involved in a variety of housing and human service activities aimed at improving the quality of life of the Hampton Roads region’s residents such as affordable housing, services and programs for the disabled, as wells as services for seniors.
Housing Opportunities Made Equal of Virginia, Inc. (HOME)
Since 1975, Home has been educating buyers by offering free help, including one-on-one pre-purchase counseling, group classes taught by industry professionals, money management tools, credit recovery classes, and more.
Latino Economic Development Corporation of Washington, DC (LEDC)
LEDC offers housing services in two areas: Homeownership Counseling and Affordable Housing Preservation/Tenant Organizing. Both programs are critical to helping clients acquire and preserve their most critical asset, their housing. The Homeownership Counseling Program focuses on helping low to moderate income residents build their financial capability skills, establish or repair their credit, purchase their first home, or save their homes from foreclosure.
Loudoun County Office of Housing
Loudoun County has recently been awarded $10 million by Virginia Housing to help first-time homebuyers. This allocation, through the Sponsoring Partnerships and Revitalizing Communities (SPARC) program, will provide lower interest rates on homeownership loans in the county.
Nelson County Community Development Foundation
The Foundation was founded in 1985 to foster and promote community development that primarily benefits low- and moderate-income citizens of Nelson County with housing, health, water and wastewater, recreation, education and economic development.
Norfolk Redevelopment & Housing Authority - HomeNet Homeownership Center (NRHA)
NRHA is a full-service home ownership center who partners with local lending institutions, attorneys, housing developers, realtors, and local, federal and state housing agencies to assist prospective home buyers avail the dream of home ownership.
People Incorporated of Virginia
People Inc. can help creditworthy first-time homebuyers or those who have not owned a home in the last three years access low-interest home loans.
Piedmont Housing Alliance
Piedmont Housing Alliance is dedicated to improving financial outcomes for individuals and families by offering innovative affordable housing solutions. In doing this, they acknowledge the role real estate practices and laws have played in preventing Black Americans and others from building wealth in our service area and country.
Prince William County OHCD
Prince William County’s Office of Housing and Community Development is committed to developing affordable housing opportunities and neighborhood resources for low and moderate-income area residents by implementing appropriate policies and programs, which provide a safe and healthy environment in which to work and play.
Southeast Rural Community Assistance Project, Inc (SERCAP)
SERCAP is dedicated to making sure all residents of the southeastern United States have daily access to clean, safe drinking water and environmentally sound wastewater solutions. SERCAP’s programs for homeowners and homeowner associations serve the needs of low-to-moderate income individuals living in rural communities throughout a seven state service region.
The Maggie Walker Community Land Trust
The Maggie Walker Community Land Trust (MWCLT) is a 501(c)(3) nonprofit organization that seeks to develop and maintain permanently affordable homeownership opportunities for low and moderate-income households.
Urban League of Hampton Roads, Inc. (ULHR)
The ULHR offers counseling and workshops designed to safeguard homeownership and prevent homelessness in underserved communities.
Virginia Department of Housing and Community Development (DHCD)
DHCD offers many resources to assist with housing needs. From housing rehabilitation to homebuyer resources, multiple programs offer state and federal funding sources to provide safe and affordable housing throughout Virginia.
Additional Affordable Housing Options
Project: HOMES is a 501(c)(3) nonprofit that takes an all-encompassing approach to housing. They challenge the misconceptions of what defines affordable housing through the production and preservation of high-quality affordable homes, large-scale home repairs, and improved accessibility and energy efficiency for existing homes.
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The information contained herein (including but not limited to any description of the company and its lending programs and products, eligibility criteria, interest rates, fees and all other loan terms) is subject to change without notice. Restrictions apply. This is an advertisement and not a commitment to lend. C&F Mortgage Corporation NMLS# 147312 Equal Housing Lender.