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.
|120% AMI Income||$79,250||$90,600||$101,950||$113,150||$122,300||$131,350||$140,400||$149,400|
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