Henrico County EHPAP

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Henrico County Employee Home Purchase Assistance Program (EHPAP)

The Henrico County EHPAP is a downpayment assistance program offered to employees of Henrico County. To qualify for this program, you must:

  • Be a full-time Henrico County Employee (General Government, Public Schools, or Constitutional Officer)
  • Be a first-time home buyer (or must not have owned a home in the last 5 years)
  • Have 12 months of continuous full-time permanent employment
  • Have a performance appraisal of acceptable or better.

 

Income Requirements

To participate in Henrico County Employee Home Purchase Program and qualify for down-payment assistance, applicant(s) purchasing the home are required to have at least $40,000 in combined annual income AND be under the maximum income limits in the chart.

Maximum Gross Household Income Sales Price/Loan Limit
1 person 2 people 3 or more people New and Existing Construction
$98,300 $148,400 $169,600 $550,000

 

HOME’s Steps to Homeownership.

If you qualify, follow the steps below:

  1. Submit an Application. Fill out the information below, then proceed to the online application. Allow up to 10 business days for us to process your application.
  2. Once your application is accepted, complete HOME’s homebuyer education course.
  3. Complete your intake. Once your homebuyer education is completed, specific documents will be requested and must be received prior to scheduling an intake appointment.
  4. Meet your counselor. Schedule your housing counseling appointment. During the appointment you will discuss your financial situation, what you will need to do to become fully ready to purchase a home, and how much of a mortgage loan your budget can accommodate. Also, how to access down payment and closing cost financial assistance.
  5. Get your affairs in order. Establish and follow a spending plan, save money, and meet with your counselor for additional sessions.
  6. Find and buy your home. By this time you will know how to work with a real estate agent, what to look for, how to get a good mortgage, and what to expect at closing when you sign the loan documents and finalize the purchase of your home.
  7. Celebrate and enjoy your new home! Make sure you let us know how you are doing. We are here to help you past any bumps along the road!

This program is for employees of Henrico County ONLY that have received
an EHPAP Eligibility letter from Henrico County.

To receive more information and learn more about how to apply go here.