First Time Home Buyer

Make Your Dream a Reality!

The Virginia Individual Development Accounts (VIDA) program is for individuals saving for a down payment on a home, business equipment and inventory or post-secondary education tuition payments. Eligible participants receive training, support and $2 in match funds for every $1 the participant saves, up to $4,000 in match.

Find a Home You Can Afford

As you start to look for your first home, you will find that the New River Valley has a low cost of living, as well as reasonably priced real estate. Each part of the New River Valley has areas that are more reasonably priced.  It is important to consider resale value as well as the initial price.

Home Ownership Education and Assistance is Free

The more you know about the process, the more comfortable you will feel throughout your first real estate transaction. Several agencies offer free help:

New River Community Action (NRCA) offers First Time Homebuyers class, which educates first-time homebuyers and supports them in the process of purchasing a home. A certified lender and real estate agent teach each class. Topics include personal finances, credit, working with a lender, and the role of the real estate agent, the home inspection, the loan closing, and life as a homeowner. All classes are held on Saturdays and last from 9AM to 3PM and you must pre-register to attend. Classes are open to anyone, regardless of income.

CHP Homeownership familiarizes potential homebuyers with the home-buying process through classes and one-on-one coaching in budgeting, applying for a mortgage, preventing foreclosure, and more. CHP Homeownership also provides down-payment and closing-cost assistance, and access to below-market-rate financing for qualified buyers.

VHDA is a self-supporting, not-for-profit organization created  to help Virginians attain quality, affordable housing. Anyone can take VHDA's free Homebuyer Class, but the class is required if you're applying for a VHDA home loan. If you're buying a house with your spouse or another person who will legally share the financial responsibility for making mortgage payments, then both of you must complete the class prior to loan approval in order to qualify for a VHDA mortgage.

Contact me for more information to help you reach your goal of home ownership.

Bart Castleberry
Bart Castleberry
1300 E. Main Street Radford VA 24141