Shared Equity
How to Participate
Who is eligible?
First-time, income-eligible homebuyers are able to participate in our Shared Equity program. The Housing Fund considers you a first-time homebuyer if you haven’t had an ownership interest in a home in the last 3 years.
These first-time homebuyers must also have an Annual Household Income that is below 120% of AMI (Area Median Income)
Below are the Income Limits for Davidson County. Please click here for all other county income limits.
# Persons | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 |
120% AMI Income | $79,250 | $90,600 | $101,950 | $113,150 | $122,300 | $131,350 | $140,400 | $149,400 |
Other Requirements
In order to be considered for the Shared Equity program, individuals must:
- Attend a THDA approved First-time Homebuyer Education Class. (Click Here for a list of certified counselors)
- Secure a 30-year fixed rate mortgage with one of our Lending Partners
- Contribute a minimum 1% of sales price
- Occupy the home as a primary residence
In order to apply, please fill out the application here.
If you have any further questions, please reach out to Nicole Mathews ([email protected])