8300 Frye Road, Alexandria, VA 22309 Located in Fairfax County
$325,000
Active Listing
Our Frye Road property is a single family, one story home in Fairfax County. It is located off of the Route One Corridor in the Woodlawn neighborhood. The home has recently been renovated, including new stainless steel appliances, new washer and dryer, renovated bathroom, three parking spots, and a spacious backyard patio.
This property will be part of the Virginia State Community Land Trust. The homeowner will own the property, and they will rent the land from the Land Trust, who will own the land. This helps reduce the cost of the home for the homeowner while keeping affordable housing options available in our community.
The Frye Road Single Family Home is an affordable homeownership opportunity.
Please watch the video below to learn more about the homes, the Habitat Homeownership program, and how to apply.
For additional information, please contact Eli Echavarria, Family Services Coordinator, at eli.echavarria@habitatdcnova.org
Eligibility Qualifications
Purchasers must meet all of the following:
First-time homebuyer (having not owned real estate in the last 3 years)
Minimum household size of 2
No household member on the sex offender registry
Primary residency or at least one applicant with full-time employment in DC, Alexandria, Falls Church, Fairfax, Fairfax County, or Arlington County for the last 12 months or more
Total household income falls between 30-80% of Median Family Income (MFI) as defined annually by the U.S. Department of Housing and Urban Development.
In order to apply, maximum income limits apply. To qualify for purchasing these properties, a median family income (MFI) of 30-80% is required.
FAMILY SIZE
MINIMUM INCOME (30% OF MFI)
MAXIMUM INCOME (80% OF MFI)
2
$37,100
$99,008
3
$46,400
$111,384
4
$50,150
$123,760
5
$53,850
$133,661
And meet at least one of the following need-based requirements:
Unsafe surrounding environment
Residing in temporary housing
Living in subsidized housing or participating in a housing voucher program
Overcrowding
Rent burden (paying more than 30% of monthly income on rent)
Heating, electrical, plumbing, or structural deficiencies
Ability to Pay:
Purchasers must meet all of the following:
If wages or salary are primary sources of income, a 2-year work history that includes a minimum of 6 months with the current employer and any gaps in employment must be explained
If self-employed, must have 2 years of documented, stable income with the last 6 months in the same line of work
Income can reasonably be expected to continue for 3 years or more
Current credit reports free of unpaid collections, judgments, and liens
Current credit reports must not show bankruptcy in the last 3 years or foreclosures in the last 7 years
Tri-Merge middle credit score of 620+
Qualify for non-subprime or approved alternative third-party financing
Total debt to income ratio, including new housing cost must be less than 43% of your monthly income
Show at least $2000 in current bank statements, no account overdrafts in the last two months, and bank statements or proof of assets not to exceed 10% of the fair market value
Willingness to Partner:
All program participants must complete 200 hours of “sweat equity,” or volunteer work. This may include working on the construction site, attending homeownership and financial literacy classes, and/or volunteering in the office or at special events.
Contact one of our preferred lenders or a mortgage lender of your choice to get pre-approved for a mortgage. Submit your pre-approval by March 7, 2025 to be considered.
The lender can help you learn more about your financing options, down payment, and grant assistance programs such as HPAP. This is an important first step of the process so that you will have the information you need to decide if this home is a good option for you.
After you visit the property and decide that you are interested in moving forward with purchasing, we will assist you in submitting an offer.
Complete Habitat DC-NOVA Application
Once your offer is accepted, we will assist you in completing the Habitat for Humanity Purchaser application and submission for approval. Complete applications are due by March 25, 2025.
Questions?
For additional information, please email Eli Echavarria, Family Services Coordinator, at eli.echavarria@habitatdcnova.org and reference Frye Road in your email subject line.
In accordance with Federal, State, and Local Fair Lending Laws, Habitat DC-NOVA does not maintain a waiting list of applicants and does not discriminate on the basis of race, color, national origin, religion, sex, disability, familial status, elderliness, source of funds, sexual orientation, gender identity, military status or marital status. The number of applicant households approved for Habitat DC-NOVA home ownership is driven by the availability of developed properties.
