Applications Now Accepted for JCC First-Time Homebuyers Program

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First-time homebuyers who purchase a home in Village at Candle Station may qualify for a lower interest rate through the First-Time Homebuyers Program. (Nicole Trifone/WYDaily)
First-time homebuyers who purchase a home in Village at Candle Station may qualify for a lower interest rate through the First-Time Homebuyers Program. (Nicole Trifone/WYDaily)

Families who are looking to put down roots in James City County can benefit from discounted mortgage financing through the county’s First-time Homebuyers Program.

Vaughn Poller, housing administrator for the James City County Office of Housing and Community Development, said first-time homebuyers whose total household income is between $38,000 to $93,800 can apply for the program.

Eligible properties for purchase are located at Liberty Crossing in Lightfoot, the Village at Candle Station in Toano and the Ironbound Square subdivision across from New Town.

Poller said participants must enroll in a two-day first-time homebuyers class where they can learn about successful homeownership and budgeting. When they complete the course, participants will receive a certificate that qualifies them for a mortgage interest rate that is 0.5 percent lower than the Virginia Housing Development Authority’s standard rate.

“It could be the difference of a couple hundred dollars per month in your mortgage payment,” Poller said.

James City County applied for the VHDA Community Homeownership Revitalization Program, receiving $1 million in financing to help first-time homebuyers in the county.

Poller said people should apply to receive funds because it is a “better bargain” that helps residents live in good communities.

“We are looking for people who are in the workforce who may have a long commute and work in the county and they want to own in the county,” Poller said. “This may be a great opportunity for them.”

To apply for the program or sign up for a homeownership class, call housing program coordinator Caroline Rhodes at 757-259-5340. There is no application deadline and financing will be available through next June, Poller said.