As part of their Home Ownership Program, OAHI offers first-time homebuyers a range of services to help get mortgage ready, find a home, choose a lender, and access special financing opportunities, free of charge.

Available Assistance

The OAHI Home Ownership Program provides first-time homebuyers with a range of services to assist in purchasing their first home.

There are Private Counseling Sessions where professionals review applicants’ credit, income, and assets to help identify any obstacles. In the case that there needs to be corrective action, counselors will help you develop and stick to a sensible plan.

They hold mandatory 8-hour Homebuyer Workshops to qualify for many first-time homebuyer loan products in the area.

OAHI helps with Loan Prequalification and Application, and identifies special financing programs and refer borrowers to preferred lenders that are particularly knowledgeable about the first-time homebuyers' market.

We also help with Finding a Home by maintaining a referral list of preferred Realtors who understand the needs of first-time homebuyers.

Post-Purchase Counseling can benefit clients who need extra support to stick to their household budgets or face unexpected circumstances that affect their ability to pay their mortgage. OAHI can help advise first-time homeowners with a number of issues like expensive maintenance issues, refinancing, or even foreclosure.

Eligibility Requirements

To qualify and take advantage of the OAHI Home Ownership Program, applicants must be employed for at least a year and have an earned annual income based on the state of Virginia medium family income for very low, low & moderate income based on the number of persons in your household. They must be first-time homebuyers who have not owned a home within the past three years and must have completed an initial lease term and be in good standing with their current landlord. Applicants are required to enroll and complete all required homeownership counseling and provide the greater of $500 or 1% towards the purchase transaction.

Note: All information mentioned above was accurate at the time of publication and may no longer be current - visit the program website for updated information.