How Much House Can I Afford?

CHP assists anyone interested in financing a home in our Virginia and Florida service areas through our in-housing lending services or through one of our preferred lending partners. Our Homeownership/Lending Consultants help you become mortgage-ready and teach you about the different mortgage options. We discuss the monthly payment, interest rates, down-payment and other important costs and terms. Also, if you qualify for a loan product, you may be pre-approved for a purchase up to a specific price.

Our mortgage loan programs include:

First and Second Mortgage Products

First mortgage programs are offered through our lending partners and national non-profit affiliations. These include low-cost, below-market interest rates. They feature from zero to low down payments and flexible underwriting guidelines for moderate income customers and those who have received financial counseling and have repaired credit.

Eligibility for second mortgage loans is based on household size and income. These loans are made at zero percent or very low interest rates. This means lower monthly payments and great savings in interest over the life of the loan. Second mortgage loans are generally used as down-payment and closing cost assistance, which reduces the amount of a homebuyer’s out-of-pocket cash. CHP also partners with housing authorities that allow us access to local down-payment and closing costs initiatives.

USDA RD502 Direct Loan

Modest-income households may qualify for a zero down payment loan. Qualified applicants may also receive additional benefits such as no mortgage insurance, loan up to appraised value, and payment assistance available if eligible.


To get started on your journey to homeownership with CHP, the first step is to create your online profile by clicking here and following these instructions:

  1. Click Sign Up Now.
  2. Enter in your basic contact information.
  3. Check your email and confirm your account.
  4. You will then be directed back to Compass to continue your profile.

From here you can upload documents, see your credit score, track your savings progress, and search our listings. Compass also automatically calculates a price range for houses you can afford!

Use the Training Center tab at the top of the page to sign up for classes and make appointments. Click on the Resources tab at the top of the page and you will find an extensive bank of home buying resources.

And don’t forget that our team of Homeownership professionals are here to answer all questions in person, on the phone, or through email!

Contact us with any questions!