Category Archives: Portsmouth

HomeTown: Portsmouth’s First Time Homebuyer Program

Money

The HomeTown Program provides financial assistance to qualified households who wish to purchase a home within Portsmouth City limits and who, without this assistance, could not do so. This program brings together the resources of the City of Portsmouth and Citizens Bank, N.A. to help eligible families overcome the financial barriers to homeownership. The program is administered by the Portsmouth Community Development Department.

At the time an applicant submits an application to Citizens Bank, N.A., the applicant, if eligible, will be invited to submit a HomeTown Application and Agreement. Community Development staff will review the applicant’s Application with a Citizens Bank, N.A. loan officer to determine whether you the applicant is eligible for participation in the HomeTown Program.

The level of HomeTown program assistance available to you is determined after first mortgage financing is pre-approved. A pre-approval letter will be issued by Citizens Bank, N.A. outlining the mortgage program for which you have been approved, the mortgage amount for which you qualify, your potential monthly repayment obligation and the amount of HomeTown financial assistance to be provided. Below is a description of the HomeTown financial assistance that may be offered.

• First mortgage financing is available at a fixed interest rate for a 30-year term through a Citizens Bank, N.A. Mortgage Program. The Citizens Bank, N.A. loan officer will help you determine which first mortgage financing option best suits your situation.

• Down payment assistance is available through HomeTown in the form of a deferred loan at 0% interest secured by a second mortgage on the home purchased.

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• Additional down payment assistance, if necessary, is available in the form of a “sleeper” 3rd mortgage loan at 0% interest through HomeTown. This loan is due upon sale of the property. The amount of assistance offered to you is based on your income and assets. The chart on the following page identifies the maximum amount of assistance available to households in different income brackets. The HomeTown Program reserves the right to adjust the income guidelines and other eligibility requirements as warranted.

A HomeTown staff person will contact all individuals and families who purchased homes through the HomeTown Program within six months of their closing date. The goal of this effort will be to help you, as a new homeowner, address financial or home maintenance issues that may have arisen since your home purchase.

Inquire about this program by calling 757-466-1009

Your Checklist Before You Buy Your Next Home

hands, Pen and checklist featuring the words"Home Buying Checklist"
Home Buying Checklist

The time has come and you are ready to buy, but before you start searching for your next home review this checklist. This list helps you prepare your budget in advance and guide you to financial success in the future.

1. Reduce Debt & Increase Credit Score: Before you start looking for your next home you should request a credit report. This will give you a starting point on understanding your credit score before you request a loan. Your credit score will influence the interest rate of your loan.

2. Save Money to Set Yourself Up with a Large Down Payment: While it is possible to purchase a home without a 20% down payment it’s best to get as close as possible. This will allow you to have a smaller mortgage rate, Avoid PMI, and receive a better rate. If you do not have a 20% down payment you may qualify for a VA or FHA loan.

As you begin the process to find your next home checking these items off your list will provide you with a more successful home buying experience. Our team is here to help you! Let us know the area and/or neighborhood you are looking to live along with your top needs our team of professionals will assist with finding your next home.

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SOLD! 1907 Holladay St, Portsmouth VA, 23704

Front of house located at 1907 Holladay St, Portsmouth VA, 23704 1907 Holladay St, Portsmouth VA, 23704

Sorry! This one is SOLD!
Newer Transitional with First Floor Bedroom, Jetted Tub!

Property Description

Newer construction that shows like new construction! 5bd, 2.5 baths w/ first floor bedroom! Large kitchen, jetted tub in master!

Key Details

  • Bedrooms 5
  • Full Baths 2
  • Half-Baths 1
  • Square Footage 2,879
  • Acreage 0.14
  • Year Built 2015
  • MLS Listing ID #10136838

Location

Building

  • Exterior Features Deck
  • Number of Fireplaces 1
  • Flooring Carpet, Laminate
  • Foundation Crawl
  • Interior Features Pull Down Attic Stairs, Walk-In Closet
  • Type of roof Asphalt Shingle
  • Siding Vinyl
  • Total Building Square Footage 2879
  • Stories 2.0000
  • Style Transitional

Rooms

  • Total Rooms 9

Structures

  • Has Garage 1
  • Parking Description Driveway Spc, Garage Att 2 Car
  • Pool Description No Pool

Systems

  • Appliances Dishwasher, Disposal, Dryer Hookup, Microwave, Range, Washer Hookup
  • Cooling System Central Air
  • Heating Heat Pump
  • Sewage Type City/County

Water

  • Water Body Type City/County
  • WaterFront Description Not Waterfront

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SOLD! 113 Dahlgren Ave, Portsmouth VA, 23702 – Everything New!

Front of property located at 113 Dahlgren Ave, Portsmouth VA, 23702 113 Dahlgren Ave, Portsmouth VA, 23702

SORRY! This home is SOLD!

5 Bedroom Rehab, Everything New!!

Property Description

Must see 5 bedroom 3 full baths. Master suite. Ceramic, laminate, carpet flooring. Complete rehab. Everything new. New kitchen, all appliances.

Key Details

  • Bedrooms 5
  • Full Baths 3
  • Square Footage 2,028
  • Acreage 0.24
  • Year Built 1953
  • MLS Listing ID #10136884

Location

Building

  • Exterior Features Storage Shed
  • Number of Fireplaces 1
  • Flooring Carpet, Ceramic, Laminate
  • Foundation Crawl
  • Interior Features Perm Attic Stairs, Scuttle Access
  • Type of roof Asphalt Shingle
  • Siding Vinyl
  • Total Building Square Footage 2028
  • Stories 1.0000
  • Style Cape Cod

Land

  • Conforms to Zoning UR

Rooms

  • Total Rooms 8

Structures

  • Has Garage 1
  • Parking Description 3 Space, Driveway Spc, Garage Att 1 Car
  • Pool Description No Pool

Systems

  • Appliances Dishwasher, Dryer Hookup, Microwave, Elec Range, Refrigerator, Washer Hookup
  • Cooling System Central Air
  • Equipment Ceiling Fan
  • Heating Electric
  • Sewage Type City/County

Water

  • Water Body Type City/County
  • WaterFront Description Not Waterfront

See Other Homes In The Cradock Neighborhood!

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SOLD! 4201 Midfield Parkway, Portsmouth, VA 23703

Front of house located at 4201 Midfield Pw, Portsmouth, VA 23703 4201 Midfield Pw, Portsmouth, VA 23703

OOPS! We sold this one already!
Brick Ranch With Updated Kitchen and New HVAC!

Property Description

Well maintained 3 bedroom brick ranch with living room, dining room and separate family room with fireplace. Kitchen has breakfast nook. Large master bedroom with walk in closet. Lots of storage space. Updated kitchen, new HVAC. Great outdoor entertainment space In ground pool with deck in fenced in area and a separate fenced side/ back yard. 2 car attached garage.

Key Details

  • Bedrooms 3
  • Full Baths 2
  • Half-Baths 1
  • Square Footage 2,086
  • Acreage 0.33
  • Year Built 1974
  • MLS Listing ID #10135673

Location

Building

  • Exterior Features Corner, Storage Shed
  • Number of Fireplaces 1
  • Flooring Carpet, Ceramic, Vinyl
  • Foundation Crawl
  • Interior Features Fireplace Wood, Walk-In Closet
  • Type of roof Asphalt Shingle
  • Siding Brick, Vinyl
  • Total Building Square Footage 2086
  • Stories 1.0000
  • Style Ranch

Rooms

  • Total Rooms 8

Structures

  • Has Garage 1
  • Parking Description Driveway Spc, Garage Att 2 Car
  • Pool Description No Pool

Systems

  • Appliances Dishwasher, Microwave, Elec Range, Refrigerator
  • Cooling System Central Air
  • Heating Nat Gas
  • Sewage Type City/County

Water

  • Water Body Type City/County
  • WaterFront Description Not Waterfront

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Gone! 5315 W High St, Portsmouth, VA 23703

Front of home located at 5315 W High St, Portsmouth, VA 23703 5315 W High St, Portsmouth, VA 23703

Whoops! This one is gone!
Watefront Colonial on 4.9 Acres, With Pool!

Property Description

Looking for a family estate? Want to find a home that you can build additional homes near for family members? Ever considered a Bed and Breakfast or Wedding Venue? If so this may be the home for you. It has so many possibilities. Plantation Style Colonial with quality craftsmanship. Big open Rooms, formal living room and dining room, Large den on back and a large recreation room. Relax on a screened porch or open sun deck off Master. In-ground pool, 2 car detached garage with attached pool house with a full bath. In-law Suite or Teenager Suite on the 3rd floor. Large kitchen with eat in area. Sits on a lot that backs to Stearns Creek tidal water with deep water access via the Western Branch of the Elizabeth River. Close to schools, shopping, dining and Restaurants. Private location with trees fronting street, private drive takes you to Circular Drive way with complete Privacy. Price includes home and the 3 sub-divided lots totaling 4.9 acres. Keep it all or sell off lots.

Key Details

  • Bedrooms 4
  • Full Baths 3
  • Half-Baths 2
  • Square Footage 3,656
  • Acreage 4.9
  • Year Built 1946
  • MLS Listing ID #10133087

Location

Building

  • Exterior Features Corner, Patio, Poolhouse, Wooded
  • Number of Fireplaces 3
  • Flooring Ceramic, Wood
  • Foundation Crawl, Slab
  • Interior Features Fireplace Gas-natural, Fireplace Wood, Master BR FP, Perm Attic Stairs, Walk-In Closet
  • Siding Brick
  • Total Building Square Footage 3656
  • Stories 3.0000
  • Style Colonial
  • View Water, Wooded

Land

  • Conforms to Zoning GR

Rooms

  • Total Rooms 9

Structures

  • Has Garage 1
  • Parking Description Garage Det 2 Car, Lot, Multi Car
  • Pool Description In Ground Pool

Systems

  • Appliances Dishwasher, Dryer Hookup, Range, Refrigerator, Washer Hookup
  • Cooling System Central Air
  • Equipment Cable Hookup, Ceiling Fan
  • Heating Forced Hot Air, Nat Gas
  • Sewage Type City/County

Water

  • Water Body Type City/County
  • Waterfront 1
  • WaterFront Description Creek, Deep Water Access, Navigable, Tidal

See Other Homes In The Woodbine Neighborhood!

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SOLD! 10 Kennedy Dr, Portsmouth, VA 23702

Front of house located at 10 Kennedy Dr, Portsmouth, VA 23702 10 Kennedy Dr, Portsmouth, VA 23702

OOPS! We SOLD This One Already!
Completely Renovated House In Quiet Neighborhood!

Property Description

Completely Renovated beautiful 4 bedroom 3 bath home in a nice quiet neighborhood. Centrally located to Shopping Centers, Highway and beaches. Lots of space to grow. Call today for your private viewing!

Key Details

  • Bedrooms 4
  • Full Baths 3
  • Square Footage 2,018
  • Acreage 0.32
  • Year Built 1962
  • MLS Listing ID #10142063

Location

Building

  • Exterior Features Patio
  • Number of Fireplaces 1
  • Flooring Carpet, Laminate, Wood
  • Foundation Slab
  • Interior Features Pull Down Attic Stairs, Walk-In Attic
  • Type of roof Asphalt Shingle
  • Siding Brick, Vinyl
  • Total Building Square Footage 2018
  • Stories 2.0000
  • Style Colonial
  • Year Built 1962

Land

  • Conforms to Zoning UR

Rooms

  • Total Rooms 9

Structures

  • Has Garage Yes
  • Parking Description Driveway Spc, Garage Att 1 Car
  • Pool Description No Pool

Systems

  • Appliances 220 V Elec, Dryer Hookup, Microwave, Gas Range, Refrigerator, Washer Hookup
  • Cooling System Central Air
  • Heating Nat Gas
  • Sewage Type City/County

Water

  • Water Body Type City/County
  • WaterFront Description Not Waterfront

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Gone! 167 Yorkshire Rd, Portsmouth, VA 23701 – Waterfront!

Front of house located at 167 Yorkshire Rd, Portsmouth, VA 23701 167 Yorkshire Rd, Portsmouth, VA 23701

OOPS! This one is already gone!
Waterfront 5 Bedroom Ranch With InGround Pool!

Property Description

Lakefront brick home features 5 bedrooms and 3 baths. Large rooms over 2 car attached garage. In ground pool with screened gazebo overlooking the lake. Full of possibilities.

Key Details

  • Bedrooms 5
  • Full Baths 3
  • Square Footage 2,649
  • Acreage 0.71
  • Year Built 1973
  • MLS Listing ID #10140785

Location

Building

  • Exterior Features Patio, Poolhouse, Wooded
  • Number of Fireplaces 1
  • Flooring Carpet, Vinyl, Wood
  • Foundation Crawl
  • Interior Features Fireplace Gas-natural, Walk-In Closet
  • Type of roof Asphalt Shingle
  • Siding Brick
  • Total Building Square Footage 2649
  • Stories 1.5000
  • Style Ranch
  • View Water
  • Year Built 1973

Rooms

  • Total Rooms 9

Structures

  • Has Garage Yes
  • Parking Description Converted Gar, Driveway Spc, Garage Att 2 Car
  • Pool Description In Ground Pool

Systems

  • Cooling System Central Air, Heat Pump
  • Heating Heat Pump
  • Sewage Type City/County

Water

  • Water Body Type City/County
  • Waterfront Yes
  • WaterFront Description Lake

See Other Homes In The Green Lakes Neighborhood!

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SOLD! 2703 Pinewell St, Portsmouth Va, 23704

Front of new construction house located at 2703 Pinewell St, Portsmouth Va, 23704
2703 Pinewell St, Portsmouth Va, 23704

SORRY! This one is SOLD!
New Construction In Portsmouth!

Property Description

Quality built new construction home close to interstates, NOB, Portsmouth Naval Hospital, shopping, entertainment and more. One of the 4 bedrooms is downstairs, the master bedroom has a large walk-in closet and the master bathroom showcases granite double sinks and more. The kitchen has upgraded 42 soft close cabinets, pantry, stainless steel appliances to include a refrigerator and bar area.

Key Details

  • Bedrooms 4
  • Full Baths 2
  • Half-Baths 1
  • Square Footage 1,760
  • Acreage 0.13
  • Year Built 2017
  • MLS Listing ID #10142284

Location

Building

  • New Construction 1
  • Flooring Carpet, Ceramic, Laminate
  • Foundation Slab
  • Interior Features Pull Down Attic Stairs, Walk-In Closet
  • Type of roof Asphalt Shingle
  • Siding Vinyl
  • Total Building Square Footage 1760
  • Stories 2.0000
  • Style Transitional
  • 2017

Rooms

  • Total Rooms 7

Structures

  • Has Garage 1
  • Parking Description Driveway Spc, Garage Att 1 Car, Multi Car, Street
  • Pool Description No Pool

Systems

  • Dishwasher, Dryer Hookup, Microwave, Elec Range, Washer Hookup
  • Cooling SystemCentral Air, Heat Pump
  • EquipmentCeiling Fan
  • HeatingHeat Pump
  • Sewage TypeCity/County

Water

  • Water Body TypeCity/County
  • WaterFront DescriptionNot Waterfront

See Other Homes In The Truxton Neighborhood!

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- Home For Sale