Housing First

HOMEOWNERSHIP

Housing Counseling

Open Door provides housing counseling services to educate individuals about becoming a homeowner, including readiness for a home purchase, credit repair, financing and down payment options. Counseling services also target predatory lending by helping unwary borrowers avoid unreasonably high interest rates, inflated appraisals, unaffordable repayment terms and other conditions that can result in loss of equity, increased deb or default.

Open Door Community is approved by the U.S. Department of Housing and Urban Development (HUD) as a housing counseling agency.

For more information about housing counseling services, contact us at (276) 200-6831 or leave us a message here.

Pre-Purchase Planning

Interested in purchasing a home?

Click here for the Pre-Purchase Homeownership Planning Information Packet (PDF).

Click here for the steps we follow to assist you in purchasing a home.

For more information about homeownership pre-purchase planning, contact us at (276) 200-6831 or leave us a message here.

Mortgage Options

Open Door is an affiliate of JustChoice Lending, which offers a special mortgage product exclusively for low-income homebuyers in Central Appalachia.

502 Direct Loans

  • Federally Funded.

  • Payments are based on the household’s adjusted income.

  • Provides and opportunity to build equity for the future.

  • Available for those on Fixed Incomes, those who are self-employed, and the working class.

  • Can Offer: no down payment, alternative credit analysis, interest rates as low as 2.5%, payment assistance, and affordable monthly payments.

USDA Guaranteed Loans

  • Can help moderate-income homebuyers purchase homes in rural areas.

JustChoice Lending is backed by Fahe, a regional network of 50+ non-profit housing providers that is a Certified Fair and Safe mortgage lender with more than 25 years of lending experience.

For more information about 502 Loans contact us at (276) 200-6831 or leave us a message here.

Single Family Housing Repair Loans & Grants

The Section 504 Home Repair program provides loans to very-low income homeowners to repair, improve, or modernize their homes or provide grants to elderly very-low income homeowners to remove health and safety hazards.

  • Loans may be used for repairs, improvement, or modernization of homes or to remove health and safety hazards.
  • Loans can be repaid over 20 years at a fixed 1% interest rate.
  • Grants must be used to remove health and safety hazards and are available for homeowners 62 years or older.
  • Grants have a limit of $7,500 and must be repaid if the property is sold in less than 3 years.

Applications are available year-round dependent on fund availability.

Click here for a fact sheet on the program.

Click the USDA Rural Development Icon to access the USDA Site.

Planned Communities

Deerfield

Deerfield community is an innovative and environmentally friendly subdivision located off of Lee Highway in west Wytheville. Deerfield was developed through a combination of federal, state and private funding. Phase I, consisting of 18 lots, and Phase II, consisting of 12 lots, are sold out.

Long Meadows

Long Meadows is HOPE’s newest planned community under development. Long Meadows is located off of Route 52 in Fort Chiswell, roughly a mile south of Fort Chiswell High School. The development consists of 23 lots, and homes will be built to Energy Star certification requirements to provide 20% – 30% in energy savings to homeowners.

Click here to see the plat of Long Meadows (PDF).

we can always use your help

Open Door Community is supercharged by a community of supporters – volunteers and donors. Join our network in the fight against hunger and homelessness.